Jyske Bank turns to Munnypot for robo-advisory tools
UK-based robo-advisor Munnypot inked a deal with Denmark’s Jyske Bank. This marks Munnypot’s first white-label partnership in continental Europe, writes Julie Muhn at Finovate.
Munnypot will work with Jyske Bank to offer a new solution, Jyske Munnypot, that provides online investment advice. The new tool will offer clients regulated investment advice along with monitoring and notifications of their investment performance. The goal-based solution will be available to Jyske Bank clients in the first half of this year.
CEO and co-founder of Munnypot, Andrew Fay, says he is “delighted to partner with Jyske Bank and bring the Munnypot service to one of the most prestigious banks in Europe”.
“We know, first hand, the time and resources required to build a robust online investment advice proposition and that for most firms, partnering is the best and most efficient route to developing an innovative, client-engaging service,” he notes.
René Schjøtt Brogaard, Jyske Bank’s head of investment solutions, adds the two partners share a goal to “help people make the right investment decisions by building an innovative, engaging and customer-focused proposition”.
Founded in 2015, Munnypot allows users to begin investing with as little as £25 per month and/or a £250 single payment into an individual savings account (ISA), junior ISA (JISA), general investment account (GIA), or pension fund.