Alior Bank to launch pan-European digital bank with solarisBank, Raisin and Mastercard
Berlin / Warsaw, 14/06/2018 - During the Impact’18 conference in Cracow, Polish Alior Bank announced plans to build a pan-European digital bank, for which it will partner with Berlin-based Banking platform solarisBank as well as Raisin, Europe’s leading provider for simple saving and investment solutions with more than 100,000 customers, and Mastercard.
The new offering, which is planned to be launched in the fourth quarter of 2018, will be built on the strengths of all partners: Alior Bank will deliver multicurrency accounts with international transfers and deposits. solarisBank will add the banking infrastructure with its technological, compliance and regulatory framework, whereas Raisin through its network of partner banks, is adding various savings and investment possibilities to the offering. Mastercard’s Benefit Optimization programme will be used to offer additional value-added services for the customers. The product will be available for all EU residents with a focus on the German market during the first phase of the project.
"Thanks to this platform, customers will be able to access the best of each collaborator's offer in a fast and efficient way. For example, a customer in Germany, while opening an account with solarisBank, will instantaneously gain access to a multicurrency account with Alior Bank and to Raisin's savings products. Thanks to the cooperation with Mastercard on the other hand, customers will be able to buy additional value-added services that will facilitate clients global lifestyles. This is our first cross-border collaboration to this extent and it is a very challenging project at the same time, because it puts a bank in a totally new position."
Alior Bank’s new digital platform builds on the idea of establishing a bank which creates financial products by bundling best-in-class services offered by different fintechs and financial institutions. The open API platform will leverage the opportunities of EU directive PSD2 and open banking.
“The new platform – for which solarisBank will provide the infrastructure for accounts and transactions – is an exciting step to build a digital, financial ecosystem for Europe. Moreover, this partnership with such an innovative financial institution proves to us the success of our banking-as-a-platform approach.”
More information will be made available on wechallenge-banking.com.
About Alior Bank
Alior Bank is one of the most dynamically developing banks in Poland. With over 70 billion PLN in assets at the end of March 2018, it is the 6th largest bank in Poland by assets. Alior Bank ensures service to over 4 million clients, including over 180 thousand businesses. Alior Bank has been part of the WIG20 index for the largest and most liquid companies listed on the Warsaw Stock Exchange since 2014. More information: www.aliorbank.pl.
Head of Communications
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Solarisbank AG is the first Banking-as-a-Service platform with a full banking license that enables companies to offer their own financial products. Through APIs, partners gain access to Solarisbank's modular services including digital bank accounts and payment cards, identification and lending services, as well as services provided by integrated third party providers. Through this, Solarisbank creates a highly developed technological banking ecosystem for fintechs and established digital companies, as well as banks and corporates.
After having established itself as the banking partner of choice for blockchain and crypto businesses, Solarisbank founded Solaris Digital Assets GmbH in 2019 to further drive the adoption of digital assets. The 100% subsidiary of Solarisbank offers a custodial solution for digital assets to complement its existing banking services.
The Berlin-based company was founded back in 2016 and is led by CEO Dr. Roland Folz, board members Jörg Diewald, Dr. Jörg Howein and Thom Rasser, as well as COO Dr. Daniel Seifert and CTO Hima Mandali. To date, Solarisbank has raised more than EUR 160 million from renowned investors, including ABN AMRO’s Digital Impact Fund, BBVA, finleap, HV Holtzbrinck Ventures, Lakestar, Samsung Catalyst Fund, SBI Group, Storm Ventures, Visa, Vulcan Capital, and yabeo.