The fintech expands the list of its partner banks.
(Foto: Trade Republic)
Frankfurt It was news that excited the entire fintech industry in Germany: On Thursday it was announced that Trade Republic would have two new partners in Deutsche Bank and Citi.
So far, the Berlin neo-broker has worked exclusively with the Berlin Solarisbank for the fiduciary custody of deposit clearing accounts – at least in Germany. The scene is primarily concerned with two questions: Have two established major banks booted out Solarisbank? And does the new constellation mean the complete end of the cooperation between the two Berlin fintechs?
Both conclusions go too far: In the future, cash management in all of the neo-broker’s markets will not only be taken over by Solarisbank, but also by Deutsche Bank and Citi – but initially only for new customers and only for a few existing customers, according to financial circles.
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