back Back

FinecoBank reports continuous rapid growth in the UK

By Joy Dumasia

November 15, 2021

  • Current Accounts
  • Digital Transformation
  • Europe
Share

FinecoBank, one of Europe’s leading FinTech banks, has continued to set the pace of revenue growth in Q3 2021 following strong results reported in H1, exceeding last year’s record-breaking growth. In the first nine months of the year, Fineco opened more current accounts in the UK than in 2020 while improving the penetration of active clients on brokerage, representing more than 70% on new current accounts.

Fineco continues to drive its UK customer offering and has further expanded its investing platform with the introduction of more than 20 asset managers and the launch of the Fineco ISA in April. Fineco now has plans to improve its ISA by introducing multicurrency options, focusing on value and a personalised approach for customers by ensuring they can select the best investment solutions to align with their goals.

Paolo Di Grazia, Vice General Manager of FinecoBank, said: “Financial needs are changing. The first nine months of this year have confirmed that a one-stop approach to connect banking, investing and trading all in one platform is the future for UK customers. New current accounts in the last quarter have been almost 70% higher compared to the whole of 2020. As we approach the end of the year, we expect this momentum to continue. We continue to grow at speed in the UK with the launch of Fineco ISA this year, and now over 20 asset managers available through our investing platform. We are also excited to announce that plans are underway to launch in Germany a one-stop digital solution across banking, investing, and brokerage will be the default model of the future in Europe.”

Recently, IBS Intelligence reported that FinecoBank, one of Europe’s FinTech banks, has set a new record for revenue growth in 2021, exceeding last year’s record-breaking growth.

Previous Article

November 15, 2021

Middlemarch Partners deepens its Financial Services focus by partnering with Convergency Partners

Read More
Next Article

November 15, 2021

Kikitrade and Oxford Frontier to launch a digital asset trading platform

Read More






IBSi Daily News Analysis

cybersecurity,

June 20, 2024

Current Accounts

Why predictive AI is a critical necessity in the field of cybersecurity

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Natwest snaps up Sainsbury’s banking business in £2.5b deal

Read More

Today

Mbanq joins IG Tech Cambodia to expand BankTech & BaaS solution in SEA

Read More

Today

First Abu Dhabi Bank bolsters CLM operations with Fenergo

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023