Solarisbank, a German Banking-as-a-Service platform, has partnered with Contis.
In Brief:
Contis is a leading European Banking-as-a-Service platform.
The partnership was agreed six months ago, and Solarisbank CEO Dr Roland Folz now leads Contis too.
This brings the business’ combined revenue to €100mn.
What does this mean?
Embedded finance and Banking-as-a-Service, enabling non-financial companies to offer financial products and even FinTechs to spring up with an out-of-the-box solution, is becoming an increasingly popular idea.
According to Folz, the new Contis/Solarisbank entity aims to become “Europe’s core bank” and the “backbone for all customer-centric ecosystems”. It’s important, he says, to offer a platform that is scalable, secure, and continues to adapt.
