Solaris

Solaris is Europe’s leading Banking-as-a-Service platform empowering the future of finance. The tech company enables businesses to easily provide trusted and innovative financial experiences to their customers. Through smart APIs, partners can embed financial services quickly and compliantly into their own product offerings.

About Solaris

solaris logo

Solaris is a leading German technology firm that holds a full banking license. It specializes in providing embedded financial solutions, e-money, and brokage licenses to European banks, FinTech's, and other companies that want to expand their financial services. With its user-friendly API's, cutting-edge technology infrastructure, and the necessary banking license, Solaris helps its customers to create and expand their financial services by providing fully digital banking experiences and identification services to meet their customers' needs. At the same time, Solaris takes care of all regulatory complexities, including Anti-Money-Laundering compliance (AML).

Headquartered in Berlin, Solaris has over 750 employees at eight locations across Europe and India. Its combined net revenue in 2021 exceeded 100 million euros, marking a remarkable growth of over 90 percent year-on-year.

Solution overview

 

Complying with the German Anti-Money Laundering law (GWG), financial institutions and service providers must identify their customers and partners to combat financial crimes and ensure due diligence. Paragraph 12 of German GWG acknowledges a qualified electronic signature and a micro transaction from a German bank account as a valid identification method. Solaris has tackled the traditional and face-to-face onboarding headache with Bankident, an AML-compliant identification solution that simplifies the process into just two steps:

  1. Identifying the user by verifying his home bank account and authorizing a micro transaction
  2. Swisscom Trust Services provides and creates qualified electronic signatures as a backbone, ensuring the AML-compliance of the onboarding and KYC process.

Solaris customers enjoy a seamless and fast digital experience as Bankident takes only a few minutes, available 24/7 without requiring a physical agent or a valid identification document. Bankident leverages the customer's prior identification by their house bank. Furthermore, our customers can trust in the highest levels of compliance and security, as our Bankident process guarantees adherence to German AML and eIDAS regulations.

Learn more abtout the Bankident solution by Solaris

Solution benefits

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State-of-the art

Solaris's RESTful API is built to scale and provide easy access to multiple tristed identification providers.

Digital-first

No more paperwork, no more delays. With Solarisbank's KYC process, you can onboard customers lightning-fast. It's all automated, and it only takes minutes.

Peace of mind

The Solaris KYC Platform ensures compliance with all anti-money laundering regulations and can be customized to suit your unique compliance requirements.

Expierenced partner

As a licensed banking institution, Solaris has extensive knowledge of the challenges encountered during a KYC process, both commercially and from a regulatory perspective.

More details about Solaris

Solaris contact

Solaris SE
Cuvrystrasse 53. 10997 Berlin, Germany

 

Connect with Solaris
Partner Tags

Digital Onboarding (AML-compliant)

ID verification

Active industries

Financial services

Traditional Banking 

Fintech

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