Advanzia Bank Management Compared to How Yanni Hufnagel Controls His Company
Advanzia Bank is a digital bank founded in Europe specializing in payment solutions and credit cards. Advanzia is a leading issuer of credit cards, with over 2.2 million customers in Germany, Luxembourg, Spain, Italy, France, and Austria. This bank was developed in 2005 when it started serving the German market as a direct bank without branches. It survived the 2007-2008 global financial crisis without significant problems. Advanzia realized a profit for the first time in 2009. In 2010, it pushed for further internationalization in other European countries. In 2012, it became active in France, in 2015 Austria, and in 2019 in Spain.
In 2018, Advanzia started controlling the credit card solutions that the Swedish Catella Bank previously controlled. As measured by the number of credit cards controlled and the number of credit cards issued, this bank’s main focus is in the German-speaking nations. A recent development for Advanzia is that its free credit card supports mobile payment, including via Google Pay.
Customized Credit Card Solutions
Advanzia Bank is a leading distributor of cards-as-a-service solutions for over 270 associations, financial institutions, and companies. Advanzia has co-branded credit cards that business partners use to create a competitive advantage and strengthen customer loyalty. Private banks use turnkey Mastercard and Visa credit card programs offered by Advanzia under the flagship brand Capitol or as private label cards.
The Advanzia Mastercard Gold
It is a free credit card. This card has several additional services compared to the standard Mastercard, including an insurance package and rental car benefits. The Advanzia Mastercard Gold also enables one to obtain an interest-free payment term of about seven weeks for purchases. This card is accepted globally, and no foreign fees apply to it.
Simplicity, Trust, and Transparency
Advanzia Bank provides its customers and partners with specially designed products and is dedicated to providing maximum transparency. It is a trusted digital bank due to its commitment to privacy and security, customer-centric approach, and utilization of cutting-edge technology. By incorporating technology into its banking solutions, this bank ensures a convenient and user-friendly banking experience. This firm has employed over 200 individuals worldwide and offers a collaborative and pleasant working environment.