solarisBank AG Qorus Banking Innovation Awards 2016- Nominated

For decades banking services have been locked up in banks, forcing companies willing to offer financial services to work with uniform products offered by traditional banks not fitting to their business model. With the unbundling of finance, not only fintechs but all digital players strive to integrate financial products into their value chain. But due to stringent legal and regulatory requirements, hardly any (fin)tech firm can operate without relying on banking partners. Until now, these agile startups or tech companies were dependent on lengthy and cost-intensive analog setup processes with traditional banks. solarisBank fills this gap as a partner for companies in the fast-growing digital economy and offers a unique, custom built, technology platform, supported with a full banking license. With this API accessible banking platform solarisBank can offer single banking modules with which the partners can built their ideal financial solution. This already includes modules like account and transaction services, compliance and trust solutions as well as online loans. The banking as a platform approach also allows solarisBank to integrate third parties for instance in the fields of Know your customer (KYC) processes, eSignature or scoring in the platform. The opening to third parties, offering partners the best products possible not just the ones built by yourself, is diametrically different to traditional banks and one strength of the solarisBank approach. The platformification of banking creates not only scalability but a true network effect between all companies willing to engange.