N26 to Offer Free Stock and ETF Trading for All

Hey Digital Banking Fanatic!

N26 announced it will offer free stocks and ETF trading to all customers from January 27, 2025, becoming Europe's only financial provider to trade without fees or commissions. Customers in 18 European countries can invest in over 4,000 US and European stocks and global ETFs with a minimum of €1.

Valentin Stalf, Founder and CEO of N26, stated: "All banks carry a responsibility to change people's mindsets when it comes to making their money work harder for them. In making stock and ETF trading free for all, we aim to reduce barriers to investing to help millions of Europeans take control of their financial futures."

The digital bank, which manages over €140bn in annual transactions, has integrated Crypto, Instant Savings, Joint Accounts, and Ready-made Funds into its platform. Maximilian Tayenthal, Founder and Co-CEO, emphasized their goal to increase European equity market participation through their intuitive platform and zero-fee approach.

Stay connected for the latest updates ?? I'll be back in your inbox on Monday!

Cheers,

Marcel

Stay Updated on the Go. Join my new Telegram channel for daily updates and real-time breaking news. Stay informed and connect with industry enthusiasts —subscribe now!

INSIGHTS

?? Who Remains Unbanked in the United States, and Why?

A new study from the Federal Reserve Bank of Philadelphia reveals interesting findings??

DIGITAL BANKING NEWS

???? N26 makes trading free for all. The company aims to make investing even more accessible, offering a way to trade Stocks and ETFs without applying transaction, currency conversion, custody or inactivity fees. Its app allows eligible customers to buy and sell fractional shares of more than 4,000 US and European stocks and global ETFs in just a few taps.

???? Method is helping FinTech companies like SoFi build repayment functionality into their apps. Method works by leveraging consumer credit access protections enacted into law. By tapping into identity verification data from credit bureaus and telecom companies and combining it with data from core banking systems.

???? Neonomics acquires open banking payments FinTech Ordo. “This acquisition strengthens our commercialisation strategy and time to market while expanding our product offering,” says the founder and CEO of Neonomics, who adds that the Ordo team “represents some of the most experienced payments experts in the UK”.

???? BBVA set to name new internal Chief for Banco Sabadell Deal. The bank has picked Jordi Garcia Bosch as the new head of so-called Integration Office. The team is in charge of coordinating how the bank will merge Sabadell if the takeover bid succeeds, the people added. Continue reading

???? Pluto closes $4.1 million pre-Series A to drive KSA expansion. This raise is a significant step forward in Pluto’s growth strategy. The fresh funding will propel? Pluto’s expansion in KSA and solidify its newly launched product, Pluto Connect, in the GCC market.

???? Deutsche Bank partners with Yonyou. The now signed memorandum of understanding (MoU) sees both companies collaborating to connect Yonyou’s treasury management system with Deutsche Bank’s financial system. This is said to enable seamless data access and efficient cross-border payment solutions for enterprises across both regions.

???? Chip launches WealthScore a revolutionary tool to help users grow their wealth. The tool is designed to celebrate progress, educate users, and inspire positive action. By analyzing over 50 metrics and millions of data points, the feature provides a daily-updated, algorithm-driven score to help users make smarter financial decisions.

???? Revolut opens instant access savings accout at a market-beating rate of 5%. Savers can start earning immediately with no minimum deposit required, a maximum limit of ￡200,000, and no additional costs. Its users can accelerate their savings by turning on Spare Change to roundup each transaction to the nearest pound, automatically putting the difference into savings.

???? Lightyear looks to disrupt “herd mentality” with ISA launch. The app is looking to take on established players like Hargreaves Lansdown and AJ Bell in the competitive UK investment market. It has also raised $35 million to date and is backed by Virgin Group and Mosaic Ventures, competing against the likes of Robinhood and Revolt.

???? TBC Uzbekistan launches Payme Plus subscription, combining banking and lifestyle services. The subscription enables users to take advantage of cutting-edge financial management tools, such as automated spending analysis and interest-free money transfers. Continue reading

???? FCA and PSR set out next steps for open banking. These will include a new independent company to drive forward variable recurring payments, that will give consumers and businesses more choice in how they make and receive payments safely, securely, and efficiently.

Want your message in front of 100.000+ Digital Banking fanatics, founders, investors, and operators?

Shoot me a message on LinkedIn.