Bitpanda launches Investment-as-a-Service business for banks, fintechs, online platforms
“Financial institutions today have to ask themselves how they aim to cater the increasing demand for modern investing solutions. Building these Individually, means a high startup cost, and products that are often outdated before they are even launched.”
Bitpanda has announced the launch of its software-as-a-service offering globally, with new features, asset classes, and several regulatory licenses.
Lukas Enzersdorfer-Konrad, Deputy CEO of the Bitpanda Group will lead the newly launched Investment-as-a-Service business as CEO of Bitpanda Technology Solutions.
The Viena-headquartered finteh already serves more than 20 million customers with its initial White Label API. Bitpanda will now enter a new growth phase with the newly available investing-as a-service infrastructure offering.
A trading and investing product for crypto, stocks and precious metals
Bitpanda Technology Solutions (BTS) now allows fintechs, traditional banks and online platforms to offer trading, investing and custody services across Stocks/ETF’s, Cryptocurrencies, Precious Metals and Commodities.
Partners can build their own user experiences on an ISO 27001 certified and battle-proofed infrastructure. This infrastructure is set up as a modular system to enable our partners to pick and choose from our features such as savings plans, asset-to-asset swaps, crypto staking, fractionalised Stocks, our full blockchain and more services via one API connection.
Eric Demuth, co-CEO and founder of Bitpanda, said: “Bitpanda Technology Solutions is the easiest way to enable the best investment experience for end users as well as institutional investors, with a simple integration of our API. 9 years in this business has provided a battle proven infrastructure functioning in any market conditions. With BTS, companies have the chance to add a trading and investing product for crypto, stocks and precious metals to their services that fulfils the needs of customers in the year 2023.”
Lukas Enzersdorfer-Konrad, CEO of Bitpanda Technology Solution, commented: “Financial institutions today have to ask themselves how they aim to cater the increasing demand for modern investing solutions. Building these Individually, means a high startup cost, and products that are often outdated before they are even launched. Simply put, institutions can’t do this themselves if they want both a fast time to market and high compliance standards. By partnering with us, they can open up new revenue streams while retaining their customers. Fully customisable, fully safe, fully secure, and fully regulated. Your design, our technology.”
BTS powers N26, Lydia, Plum, Hype, Fabrick, and more
European mobile bank N26, French money app Lydia, UK fintech Plum, the Italian mobile bank Hype as well as Italian open finance provider Fabrick are some of Bitpanda’s partners that use the Investment-as-a-Service functionalities to serve the demand in simplified investment opportunities of their 20+ million plus users in over 25 countries.
The Bitpanda Group is registered with the Austrian Financial Market Authority (FMA), the French Autorité Des Marchés Financiers (AMF), the Czech Trade Authority as VASP, holds the PSD2 licence, the MiFID II licence and became Austria’s first Electronic Money Institution (EMI) in accordance with European law (EMD2), plus has a fully AML5 compliant KYC process.
The firm has recently secured the crypto license offered by German regulator BaFin, was the first foreign crypto provider to become fully licensed in Sweden, and also secured registration as Italian Virtual Asset Services Provider (VASP) and the Bank of Spain.
The Group is also able to provide custody services in the United Kingdom in addition to Bitpanda’s existing licences in the European Union.