Dutch insurer Nationale-Nederlanden to launch digital payment accounts in 2025
Dutch insurance group Nationale-Nederlanden is preparing to launch digital payment accounts in the Netherlands as it looks to further cultivate its financial services operations.
Nationale-Nederlanden to launch digital payment accounts
In an interview with Fintech Futures, a spokesperson from Nationale-Nederlanden – one of the largest insurance and asset management providers in the Netherlands – says the group is “in the preparation phase of launching payment accounts, including joint accounts and individual accounts” for its retail customers.
The payment accounts are to be made available exclusively in an app-only capacity, the spokesperson says, with the new offering due to launch “over the course of 2025”.
The spokesperson describes the proposition as a “natural addition” to the group’s current financial services remit, which has been predominantly supported by its retail banking proposition, NN Bank (powered by Temenos), since its launch in April 2011.
Commenting on the news in a LinkedIn post, Temenos’ president of product and chief operating officer Prema Varadhan says the Swiss vendor is “looking forward to continue being their technology partner on the journey, as we move towards the full launch of the digital bank”.
The Nationale-Nederlanden spokesperson adds that the endeavour to launch new digital payment accounts is part of a wider effort to “increase engagement among our customers”.
NN Bank currently provides a range of banking services for around 1.25 million retail customers in the Netherlands, including mortgages, savings accounts, lending services and investment products, operating as an extension to the individual life and non-life insurance products supported by the wider group.
According to its latest financial statement, the bank generated a net profit of €127.1 million in 2023, up from €81.5 million in 2022, supported in part by a 92% increase in net interest income to €383.5 million, alongside a 22% rise in total income to €437.6 million.
