Austrian Bank Raiffeisenlandesbank Niederösterreich-Wien (RLB NÖ-Wien) has expanded its partnership with Bitpanda to allow customers to trade digital assets via their mobile banking app.

The partnership between the two firms was first announced last year, making RLB NÖ-Wien the first major traditional bank in the European Union to move into digital assets.
https://www.fstech.co.uk/fst/Raiffeisenlandesbank_First_Major_EU_Bank_To_Launch_Crypto_Investments.php

Users will now be able to trade a variety of cryptocurrencies, stocks, ETFs and precious metals using Bitpanda’s technology. Around 2,000 digital assets will be available to trade, with customers able to invest directly from their bank.

RLB NÖ-Wien said the service is designed to make trading available to everyone and users will be provided with a “clear and understandable” overview of all the assets available within the app.

It added that Bitpanda is one of the most heavily regulated trading platforms in the industry, holding a MiFiD II investment licence, an E-money licence under PSD II and is registered in several countries as a virtual asset provider.

"As a strong, reliable partner, we tailor our products to the needs of our customers,” said Michael Höllerer, chief executive of RLB NÖ-Wien. “The joint offering with Bitpanda responds to the continuously increasing demand for digital investment solutions and is the consistent implementation of our strategy of absolute customer focus.

"In addition to personal advice in the branches, modern banking experiences include digital solutions,” he added. "In the future, we are offering our customers an even broader all-around service with contemporary investment forms – we look forward to the new chapter."

---