Urgent.News

What's breaking now, across thousands of outlets.

Business

Privatbanken: Quirin startet größtes IT-Projekt der Firmengeschichte und greift Neobroker an

Bis zu 20 Millionen Euro will die Privatbank in eine neue IT-Infrastruktur investieren, um sich gegen Neobroker zu behaupten. Der Konkurrenz macht sie beim Altersvorsorgedepot eine Kampfansage.

Original German Read in English

Privatbanken: Quirin startet größtes IT-Projekt der Firmengeschichte und greift Neobroker an

Frankfurt - Privatbank Quirin is launching its largest IT project to date, targeting the neobroker market. The bank plans to invest up to 20 million euros in its digital asset management subsidiary, Quirion, to match the infrastructure of competitors like Revolut and N26. By securing a new retirement savings account, Quirin aims to differentiate itself and gain market share.

The subsidiary will offer customers free standard and savings account management, including hidden costs, typically found in other providers. This approach is becoming common among major players. The retirement account will eventually replace the existing Riester pension, a state-supported investment vehicle with predefined and customizable options.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at handelsblatt.com →

More in Business

More from Thursday 15 October →