News Details

APS Bank and Deposit Solutions partner in the Deposit Space on a European Scale

06/09/2018

Aps Bank And Deposit Solutions partner in The Deposit Space On A European Scale 

APS Bank is one of the longest established banks in Malta, providing comprehensive banking services for individual and corporate customers and well known for its ethical banking tradition and CSR practices.

We are, pleased to announce that APS Bank  has signed an agreement with Deposit Solutions, provider of the Open Banking platform for deposits.

Leveraging on its cross border notification under the Freedom to Provide Services Regime, the ‘passport’ will permit APS Bank to diversify its collection of retail deposits to include German residents through Deposit Solutions online platform.

This offers customers the advantage of accessing the deposits of several banks – including those of APS Bank

 “Deposit Solutions is a great opportunity for APS bank to diversify its source of deposits while addressing the needs of other European customers interested in benefitting from competitive rates for their savings. Deposit Solutions through advanced Open Banking technology facilitates this in a simple and secure environment,” said Marvin Farrugia, Head of Asset Liability Management at APS Bank.

 “We are very proud to work with APS Bank, as this brings together one of the best recognised Maltese banks with Europe’s leading solution provider for Open Banking for deposits. Together, we share the vision to utilise technology to open-up the banking sector and to offer customers easy access to modern and convenient banking services” said Ermanno Ciarrocchi, Regional Director of Deposit Solutions for Italy and Malta.

************

APS Bank 

One of the oldest banks on the Maltese islands, APS Bank is a leading provider of financial services solutions ranging from personal to business to investments. Its distribution channels consist of a network of branches and ATMs complemented by a versatile electronic banking platform, which reach out to a retail and commercial customer base. Being a pillar of community banking for over a century, APS Bank is committed as ever to the economic and social development of its marketplace. APS Bank is one of the most exciting and enterprising banks with an agenda of modernisation and growth, helped in no small way by its young, qualified and highly talented workforce.

 

Deposit Solutions

Deposit Solutions is a globally recognised FinTech company and the Open Banking platform for deposits. Its proprietary Open Banking technology provides an infrastructure for the global USD 50 trillion-deposit market that benefits banks and savers alike. Deposit Solutions is already connecting more than 70 banks from 16 countries and additionally operates proprietary B2C Points-of-Sale (ZINSPILOT and SAVEDO) that market selected deposit offers of its partners directly to savers. Founded in 2011 by Tim Sievers, the company headquartered in Hamburg, has additional offices in London, Zurich and Berlin and employs a team of 250. Deposit Solutions is backed by leading tech investors such as e.ventures, Vitruvian Partners, Greycroft, FinLab, Kinnevik, Peter Thiel, Top Tier Capital Partners, Apeiron Investment Group and Angel Investor Stefan Wiskemann.  For further information please visit: http://www.deposit-solutions.com/

Copyright © 2017 APS Bank Ltd
APS Bank Ltd is licensed to undertake the Business of Banking and to conduct Investment Services business by the Malta Financial Services Authority and is enrolled in Tied Insurance Intermediaries List under the Insurance Intermediaries Act 2006