The Story of Kaspar&acrevis
Pay, save, and invest – all effortlessly in one single app.
TL;DR
Product/Service:
App-based securities savings solution with digital change and additional customized savings amounts
Company Stage:
A fintech start-up and an established Swiss bank
Using bLink For:
Linking customer bank accounts, query detailed account and transaction information, payment submission to bank
Solved With:
Consent Flow, Account Information, Payment Submission and debiX API
Problem
Making dreams come true by saving and investing digitally: We want everyone to have easy access to professional wealth management solutions – with an intuitive savings app that fits into your everyday life, starting with the smallest investment amounts.
Solution
Thanks to bLink, customers can easily and securely link their acrevis bank account to the Kaspar&acrevis app. The app then uses the debiX API to automatically retrieve account and transaction information so that digital change can be calculated for each purchase and the rounding amount can be invested directly for the customer.
Why bLink, acrevis Bank?
A scalable, innovative solution that can be developed at a reasonable cost? We'll take it! The standardization of the API made integration a lot easier than with proprietary interfaces. This allowed us to focus on our core banking functions while ensuring a fast time-to-market without compromising security. In addition, bLink allows us to connect to other solutions using the same APIs without incurring additional project costs.
Why bLink, Kaspar&?
It is crucial for us to be able to offer our white-label solution to banks without any major integration effort on their part. An important added value of Kaspar& is the fact that we provide banks with a fully functional and therefore turnkey solution within a few months, which is also operated by us, thus minimizing the overall effort on the part of the bank. With bLink, we have found a partner that enables this scalability and fully supports our business model.
Pay, Save, and Invest – It's That Simple
In minutes, customers link their bank account to the Kaspar&acrevis app – no new account or card needed. From then on, every payment is instantly an investment.
«For us as a regional bank, bLink provides access to many partners and enables great business cases like Kaspar&acrevis. And best of all, our customers are just as excited as we are, because we can offer them exciting and attractive solutions for their everyday financial needs!»
«For us as a fintech, the easy connection to banks via bLink is a key success factor. In addition, bLink provided us with seamless, partner-like support during the entire implementation phase. This was one of the reasons why we were able to go live after only a few weeks.»
About Kaspar&acrevis
The Swiss acrevis Bank and fintech Kaspar& have jointly launched the "Kaspar&acrevis" app, which enables investing with "digital spare change" from the smallest amounts. The app provides an easy and playful introduction to investing – ideal for beginners as well.
With just a few clicks, an existing acrevis bank account and the associated acrevis Debit Mastercard can be linked to the app. After creating an investment profile, card payments are automatically rounded up, and the spare change is invested in a professionally managed portfolio of ETFs and index funds. Additionally, customers can independently set up flexible savings and investment plans through standing orders or one-time payments.
About acrevis Bank
More than 57,000 private individuals and companies place their trust in acrevis, a regionally anchored bank with a history dating back to 1821. They invest their money with us, seek advice from our experts on pension issues, or finance their dream home with one of our mortgages. And as a bank with around 200 employees and strong advisory skills, acrevis is not only there for its customers at eight locations between Lake Constance and Lake Zurich, but also with digital solutions.
About Kaspar&
Kaspar& is a fintech spin-off from the University of St.Gallen (HSG) and ETH Zurich. Our solution enables banks to offer their customers an innovative and modern investment and financial application with little effort. Bank customers can link their existing bank account and payment card to the white-label solution of Kaspar& and thus not only automatically round up every payment and invest their change, but also find an optimal entry into the investment business with individual savings plans.