German FinTech Mambu selects Raisin Pension for employees
By Megha Bhattacharya
FinTechs Raisin and Mambu have teamed up to provide the latter with a cost-effective company pension plan. Mambu will integrate Raisin Pension integration for achieving a higher employer contribution and promising return on investment while simplifying digital administration. According to Raisin, the pension platform will enable German businesses to address the growing disparity between workers’ company pension and the amount needed to retire.
Dr. Alexander Kihm, Head of Pension Products at Raisin, explained, “The German pension system, which is in need of reform, is hungry for smart retirement investment options. Employers need to provide their employees with an adequately funded pension and Mambu, as a fast-growing fintech, is pioneering the use of our company pension product. This means taking responsibility for its team by providing a convincing retirement plan within the company – a real role model for other employers.”
The Raisin Pension ETF also provides Mambu and employees with their own pension cockpits through which to track the development of their portfolio and pension entitlements within an online account. Mambu employees will be able to pay regular contributions via deferred compensation, which are invested in low-cost, broadly diversified exchange-traded funds (ETFs).
Tim Strunk, VP Global Finance at Mambu, explained, “Raisin Pension’s company pension plan enables us to provide each of our employees in Germany with a contemporary and profitable retirement plan and, in so doing, helps us with employee retention as well. The completely digital, ETF-based pension plan fits in with our corporate philosophy and remains with employees long term, even if they do change careers. As an employer, it is particularly important for us to think about all perspectives in our pension solution.”
Recently, digital identity company Signicat announced a partnership with SaaS banking platform Mambu in a bid to help banks, FinTechs and financial service providers to increase customer acquisition, enhance customer experience and reduce time to market. The collaboration is expected to see the integration of Signicat’s identity platform with Mambu via a single API.
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September 22, 2023
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