FinecoBank S.p.A. Market Research Report
Company Overview
Name
FinecoBank S.p.A.
Mission of the Company
Supportare i clienti nell'approccio responsabile alla loro vita finanziaria al fine di creare i presupposti per una società più prospera e più equa.
Founded
Founded in 1999.
Founders
No information is available.
Key People
- Alessandro Foti: Amministratore Delegato e Direttore Generale.
- Paolo Di Grazia: Vice Direttore Generale e Responsabile Global Business.
- Franca Cavalieri D’Oro: Head of Sustainability.
- Gianluca Fontanella: Head of Investor Relations.
Headquarters
- Sede legale: Piazza Durante, 11, 20131 Milano, Italy.
- Direzione Generale: Via Rivoluzione d’Ottobre, 16, 42123 Reggio Emilia, Italy.
Number of Employees
1,419 employees.
Revenue
- 320.3 million € (Utile netto adjusted, as of mid-2024).
Notable Achievements
- First retail trading online service in Italy.
- Listed on the FTSE MIB.
- Among the top financial technology (FinTech) companies in Europe.
- Leading a unique business model combining customer advisory and technological platforms.
What the Company is Known for
FinecoBank is known for its integrated model offering banking, credit, trading, and investment services all from a single account. It is also widely recognized for its customer satisfaction and innovation in financial services.
Products
Product Offerings
FinecoBank offers a range of financial products and services including:
Banking
- Conto Fineco: A multi-purpose bank account offering digital operations.
- Carte di pagamento: Payment cards including those with rewards like Mastercard Travel Rewards.
- Mutuo: Mortgage services.
- Prestiti: Loan services.
- CashPark: Cash management services.
- Offerta giovani: Financial services tailored for young customers.
Trading
- Prodotti e piattaforme: Various trading platforms and products.
- Portafoglio Remunerato: Remunerated portfolios.
- FinecoX: Advanced trading platforms.
- ETF (Exchange-Traded Funds): Including zero commission ETFs.
- CFD (Contracts for Difference): Offering market speculation products.
- Criptovalute: Services related to cryptocurrency trading.
- Futures e Opzioni: Futures and options trading.
- Knock out: Specific financial trading instruments.
Investment
- Consulenza e investimenti: Investment advice and consultancy.
- Investi per tema: Themed investment options including sectors like Infrastructure and Sustainability.
- Investi su attivi/passivi: Active and passive investment strategies.
- Investi per la pensione: Retirement-focused investment products.
- Formazione investing: Training programs for investors.
Private Banking
Customized wealth management solutions for high net worth individuals, combining financial advisory with advanced technology.
Key Features
- Innovative Platforms: Cutting-edge platforms like FinecoX for seamless trading experience.
- Comprehensive Financial Services: Integrated offering combining banking, credit, trading, and investment.
- Customer-Centric Designs: Services designed around high customer satisfaction rates.
- Sustainability Practices: Strong focus on ESG (Environmental, Social, and Governance) principles.
Recent Developments
New Products Launched
- FinecoX on Conto Trading: Expansion of the advanced trading platform to cover trading accounts.
Recent Partnerships
- Water Defenders Alliance: Partnership with LifeGate to address water pollution issues.
- Terre des Hommes: Collaboration with the charity organization to protect and educate children worldwide.
Innovations in Existing Products
- No Commission Promotions on ETFs: Promotions with Xtrackers, Amundi ETF, Lyxor ETF, and iShares to allow zero commission purchases.
Customer Satisfaction Initiatives
- Continuous enhancements in product offerings and customer service, achieving a 97% satisfaction rate as per KANTAR Italia.
By consolidating initiatives across banking, trading, and investing sectors and emphasizing technological innovation and sustainability, FinecoBank S.p.A. maintains a pioneering position in the European financial services industry.