Economy & Politics

Exclusive savings banks are entering the cloud business

The Deutsche Sparkassenverlag employs 2,000 people.PR

For years, the savings banks have been insisting on their greatest competitive advantage against hip attackers like N26: they radiate trust. In fact, institutes regularly do well in surveys of trustworthy brands. The savings banks now want to do business with this – apart from classic financial products.

An app under the “S-Trust” brand is to launch in the coming weeks, in which users can save important documents and passwords. The test phase has already begun, the savings banks are already advertising on social networks and the apps can be downloaded.

How does the cloud service work – and what are the chances of success? You can read that today on Finance Forward, the new finance portal from Personal-Financial.com and OMR. You can register for the daily newsletter here.

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