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bunq, the second largest neobank in Europe, enters the insurance market. The company upgraded its GenAI assistant Finn to make it „fully conversational”.

15 mai 2024

bunq hits 12.5 million users worldwide and over 8 billion euros in deposits. bunq’s expansion into travel insurance marks the next step in its mission to build a full-service neobank for digital nomads worldwide. 

bunq, the second largest neobank in Europe, has taken a significant step forward to upgrade its user-facing AI assistant, Finn, to be fully conversational. The challenger has also rolled out its worldwide one-time activation travel insurance, in partnership with Qover, a global embedded insurance provider. Both announcements come amid strong growth, as the neobank’s total user base surges past 12.5 million, and its deposits climb to over €8 billion.

Pushing further into AI

After a successful beta launch of its AI money assistant, Finn, bunq continues to push the industry forward by pioneering Europe’s first AI-driven banking experience. „Finn, having already answered over 100,000 questions since December 2023, can now answer back-to-back questions and provide deeper insights into users’ finances at twice the speed.” – according to the press release. 

Finn will tackle users’ questions regarding their bank accounts and spending habits, as well as recommended places to visit in new cities including cafes, restaurants and bars, based on reviews by other bunq users.

The upgrade also unlocks conversational capabilities that set Finn apart from other chatbots. Besides engaging in natural conversations and storing the history of users’ interactions with Finn, the AI assistant will serve as an extension of the bunq app, providing personalized, context-rich answers. 

Ali Niknam – founder and CEO of bunq: „At bunq, we use the latest tech to make our users’ lives easy. We’re thrilled to see so many of our users embrace Finn in their daily lives and can’t wait for them to have a chat with the all-new Finn.

As well as effectively replacing the search function in the app, bunq uses AI to handle user support questions. As of now, Finn is independently solving up to 40% of user support questions, and assisting with 75%, every day, helping users tackle any issues they might have while using bunq. 

Expanding into travel insurance and beyond

International travel is booming, nearing pre-pandemic levels with just under 1.3 billion trips in 2023. Designed to tackle the challenges faced by travelers when re-purchasing travel insurance for every trip, bunq now offers automatic worldwide coverage for anyone on the Easy Bank Pro XL plan.

„Users simply activate the feature once and enjoy coverage for all future trips. Insurance claims can be filed right in the app, via the link to Qover. Unlike many other travel insurance products, bunq’s travel insurance will cover for car rental, dental and loss of personal items for up to 1 million euros.” – the company explained. 

We’re making travel insurance effortless. It’s exactly the peace of mind we want our users to have, whether they spend, save or travel with bunq.” – says Niknam.

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Cifra/Declaratia zilei

Anders Olofsson – former Head of Payments Finastra

Banking 4.0 – „how was the experience for you”

So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”

Many more interesting quotes in the video below:


In 23 septembrie 2019, BNR a anuntat infiintarea unui Fintech Innovation Hub pentru a sustine inovatia in domeniul serviciilor financiare si de plata. In acest sens, care credeti ca ar trebui sa fie urmatorul pas al bancii centrale?