Berlin fintech Solarisbank targets European expansion in 2021
By Douglas Busvine
BERLIN (Reuters) - Digital banking platform Solarisbank will enter a string of new European markets next year, CEO Roland Folz told Reuters on Monday, as it became the first German bank to shift its entire operation into the cloud.
The Berlin-based startup operates a so-called 'banking as a service' model, enabling partners like South Korea's Samsung Electronics to offer branded accounts and financial products to their customers.
Solaris said it had completed the migration of its core systems, digital products and databases to AWS, the cloud computing unit of Amazon, within a year of launching the project.
That positions the provider of digital bank accounts and payment cards, know-your-customer checks and lending services to expand together with its partners into countries like France, Italy and Spain.
...
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BERLIN (Reuters) - Digital banking platform Solarisbank will enter a string of new European markets next year, CEO Roland Folz told Reuters on Monday, as it became the first German bank to shift its entire operation into the cloud.
The Berlin-based startup operates a so-called 'banking as a service' model, enabling partners like South Korea's Samsung Electronics to offer branded accounts and financial products to their customers.
Solaris said it had completed the migration of its core systems, digital products and databases to AWS, the cloud computing unit of Amazon, within a year of launching the project.
That positions the provider of digital bank accounts and payment cards, know-your-customer checks and lending services to expand together with its partners into countries like France, Italy and Spain.
...
Read More on Datafloq
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