ebase and Fincite to offer robo advice to insurance firms

The European Bank for Financial Services GmbH (ebase) and FinTech firm Fincite have announced the closure of a strategic partnership with the aim of assisting insurance companies with the implementation of robo advice strategies.

Both firms aim to offer individually tailored investment strategies using Fincite’s existing offering of digital asset management products and clearing platform as well as ebase’s exsting product range as portfolio manager.

“From a technological point of view, the last two years have allowed the development of fundamentally different solutions” explains Ralf Heim, co-CEO at Fincite GmbH. “Today’s clients can access their finances at any time, linking accounts, securities accounts and insurance policies by using intelligent applications. Such a product offering does not necessarily have to be provided by a start-up.”

“We see a real need, particularly when it comes to offering dynamic, individually tailored annuity policies which offer clients flexible deposits that can be invested at a profitable rate. This could for example consist of a managed portfolio including funds or ETFs, ebase offers substantial experience in administerin such strategies” adds Rudolf Geyer, spokesperson for the board of directors at ebase.

ebase currently counts about 50 insurance companies in Germany as its clients, the group stated.

Mona Dohle
Mona Dohle speaks German and Dutch, she is DACH & Benelux Correspondent for InvestmentEurope. Prior to that, she worked as a journalist in Egypt and Palestine. She started her career as a journalist working for a local German newspaper. Mona graduated with an MSc in Development Studies from SOAS and has completed the CISI Certificate in International Wealth and Investment Management.

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