… digital bank Revolut is leading the “re-bundling” race among Europe based financial technology service providers.
“As technology [continues to] commoditize products and services at an ever increasing rate, re-bundling catch up is the name of the game for grown up and well-funded Fintechs.”
“Clearly, Revolut is the most aggressive rebundler originating out of Europe, as they have added crypto investing, commodity investing (gold and silver for now), low cost stock trading, the micro-savings Vault offering, and insurance. Not to mention their plan to apply for a UK banking license.”
… Transferwise says it’s not seeking a banking license, but it may be focusing on integrating various investment features in the coming months.
… Scalable Capital is offering fixed-term deposits via Raisin. The company is also branching out into the brokerage business by providing a free trading service in Germany with the help of Gettex which belongs to the Munich Stock exchange… German investors can now invest with zero commissions in “any ETF and have an ETF savings free account.”
… Zopa is a good example of a UK-based peer to peer (P2P) lender that’s focused on “rebundling” that also began offering services in the lending space… the company is now offering savings accounts and credit cards and aims to provide simple loans and investment options…