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DGAP-News: Baader Bank wins another partner in the online asset management company OSKAR

DGAP-News: Baader Bank AG / Key word(s): Alliance


Baader Bank wins another partner in the online asset management company OSKAR


04.03.2019 / 09:00



The issuer is solely responsible for the content of this announcement.


Press release:

Baader Bank wins another partner in the online asset management company OSKAR

Unterschleissheim, Germany, 04/03/2019: Baader Bank becomes the account-holding and depository bank for the online asset management company OSKAR, which was created by the founding team of the largest financial portal finanzen.net. In the future, OSKAR would like to offer its readers and website users personalised online asset management services, in which savings plans are available from as little as EUR25. Baader Bank is thus bolstering its position as a leading service provider for digital asset management. It offers OSKAR and its clients the seamless and fully automated mapping of all asset management processes, from order processing and a number of types of market access to account-holding and depository functions for clients. Accounts for minors can also be opened completely digitally by concluding an asset management contract via a streamlined onboarding process. After Scalable Capital, Pax Bank, VTB Bank and Targobank (in cooperation with Scalable Capital), OSKAR is the most recent strategic partner with a large existing client potential that Baader Bank has managed to gain as a B2B client in recent months.

"Baader Bank is a good match for OSKAR due to its innovative and digital positioning. For a long time, we were looking for a custodian bank that would enable us to make digital advances such as the complete opening of minors' portfolios. In addition, the completely white-labelled account opening means we can offer our clients a product from a single source," says Jens Ohr, Managing Director of OSKAR.

In addition to the fully digital opening of accounts at Baader Bank, OSKAR relies on cost-effective ETFs in asset management. OSKAR's clients always have an overview of their individual positions and portfolio developments via the OSKAR app. Baader Bank's technically advanced setup makes this possible.
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