BrokAIr Reviews

Fineco Bank Review

"Fineco Bank is shaking up the online brokerage industry with its low fees and high quality customer service - but can its customers really trust it?"

Did you like this broker?

Overview of Fineco Bank

Fineco Bank is an Italian online bank founded in 1999 by Alberto Nagel and Gianfilippo Pietrafesa. It has since become one of Italy’s largest online banks, offering a wide range of financial services to consumers, businesses, and institutional investors. Fineco Bank is regulated by the Bank of Italy and the European Central Bank.

Pros of Fineco Bank

Cons of Fineco Bank

Public Opinion

Overall, public opinion on Fineco Bank is generally positive. Many customers appreciate the wide range of services offered and the user-friendly interface. The competitive rates and fees are also highly praised. The biggest complaint from customers is slow customer service, which can be a problem with any online bank.

Newsworthy Events

In 2020, Fineco Bank announced that it had acquired a majority stake in a rival online bank in Italy, Banca Sella. This move was seen as an effort to increase the company's reach in the Italian market. Additionally, in 2019, Fineco Bank was one of the first banks in Italy to launch an open banking platform, allowing customers to access their financial data from third-party providers. This platform is seen as a major step forward for financial technology in Italy.