IBOS member Santander Group’s fully digital bank, Openbank, achieved a record investment in 2020, doubling its assets under management in its roboadvisor – an automated investment service.
Openbank ended a record 2020 for its “Openbank Wealth” investment platform. The institution achieved annual growth of 17% for its assets under management in the investment products and services it offers its customers.
Roboadvisor allows any customer to invest with the help of the Openbank Investment Committee (assessed by BlackRock and Santander Asset Management). Roboadvisor has recorded a year-on-year increase of 112% in its assets under management.
Openbank customers have access to one of the most modern and comprehensive investment platforms on the market. They can access it via the Openbank website and the mobile app, and they also have a team of investment specialists available at all times to clarify their doubts.
In the different market phases in 2020, Openbank kept customers constantly updated on its investment strategy, despite the ongoing COVID-19 pandemic, explaining its market outlook and analysing different episodes in a market overshadowed by volatility. In the first half of 2020 alone, 25 market updates were sent and several live webinars took place.
Read the full press release via Santander here.