in deposits for more than 255,000 customers at 91 partner banks since launching in 2013.
As customers look for the best place to protect and grow their savings, retail banks need to attract them with favorable terms, such as competitive interest rates. Yet such terms may be unsustainable, especially for smaller banks and credit unions. Raisin's software makes it easier for these firms to offer attractive deposit products while controlling costs.
The fintech's Savings-as-a-Service software product is more scalable than building a marketplace platform. Raisin's product can be integrated with each bank's digital system. By contrast, if it had tried to replicate its European marketplace platform, the fintech would have faced significant barriers to entry, such as local licensing permits and lack of brand awareness among US banks.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US crafting proposals to push companies to move operations out of China - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. You gotta wake up. Why do you see Trump with eye protection but you've never seen him with a mask? If you can without abandoning free market principles, great. Should the US push businesses to move their operations out of China? china US UnitedStates realDonaldTrump JoeBiden GOP DNC capitalism
Source: BusinessInsider - 🏆 729. / 51 Read more »
What to look for in a high-yield savings account - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. If you're not beating inflation, then you're losing wealth. Period. Our rate is up to 4.5% APY, or 2.5% more than the Feds target inflation rate. Learn more at
Source: BusinessInsider - 🏆 729. / 51 Read more »
PRESENTING: 9 industries to start a businesses after US reopens - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Monzo seeks funding at decreased valuation - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
YouTube launches YouTube Select, aiming at $70 billion TV market - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
How Pepsi is rethinking its marketing during the coronavirus - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. They are going to move entirely into social media marketing and a much more prominent delivery service. Too bad they never will be as good as drpepper
Source: BusinessInsider - 🏆 729. / 51 Read more »