> Though TradeRepublic moved away from them, makes you wonder.
TR got its own full-bank license a few months ago [1], it makes sense for them to consolidate stuff in-house instead of paying third parties for their services. That is useful as a startup with a few thousand customers, as the requirements of actually building a bank tech stack are quite massive, but TR has >4M customers now and makes a profit [2].
tagyro|2 years ago
[0]: https://www.bafin.de/SharedDocs/Veroeffentlichungen/DE/Massn...
mschuster91|2 years ago
TR got its own full-bank license a few months ago [1], it makes sense for them to consolidate stuff in-house instead of paying third parties for their services. That is useful as a startup with a few thousand customers, as the requirements of actually building a bank tech stack are quite massive, but TR has >4M customers now and makes a profit [2].
[1] https://www.capital.de/geld-versicherungen/trade-republic-er...
[2] https://www.businessinsider.de/gruenderszene/fintech/neobrok...