ING partners with online wealth manager Scalable Capital

ING is to partner with online wealth manager Scalable Capital, a fintech in the European robo-advice market.

ING partners with online wealth manager Scalable Capital

Together, ING and Scalable will offer a fully digital investment solution to ING’s retail customers in Germany.

ING said the partnership fits its strategic priority to create a differentiating customer experience that is personal, seamless and relevant.

Nick Jue, CEO of ING in Germany, said: “Scalable Capital’s online wealth management enables us to offer our customers a highly attractive and comfortable way of investing.”

Customers of ING in Germany will be able to register in less than 15 minutes through an entirely paperless process. With a minimum investment of €10,000 they can monitor their portfolios and all account details, such as performance and fees, on both Scalable Capital and ING mobile apps and online portals in Germany.

ING’s global Head of Fintech, Benoit Legrand commented: “Solutions like Scalable Capital has developed, are exactly what customers are waiting for, offering a seamless and effective experience.”

As with all 100 fintech partnerships we currently have, we aim to ensure that the solution empowers our customers to stay a step ahead in managing their finances. This is precisely what we are doing together with Scalable Capital. The partnership will be launched in Germany. After a successful launch, we will look into expanding the offering.”