Right now, Banking-as-a-Service supplier Contis has accomplished a major step in changing into additional built-in inside the Solaris Group, with the Contis model being retired.
The combination means the general Solaris workforce consists of round 750 staff, with ten areas in eight international locations throughout Europe and Asia. Solaris inherits Contis’ 14 years of cost innovation and market-leading suite of funds and processing options and including e-money licenses for UK and the EEA to its license suite.
Dr Roland Folz, CEO of Solaris stated: “Solaris has established itself because the main platform for embedded finance in Europe. Combining our forces underneath the Solaris umbrella permits us to ship the widest vary of monetary providers inside one sturdy model throughout Europe. With a number of licences in addition to places of work within the largest European markets, our platform is exclusive by way of market protection.”
Solaris works with over 90 companions together with Amex, Binance, Samsung and Vivid Cash. Not too long ago the group printed its 2021 monetary statements and introduced new vital companions resembling ADAC and Paycell. These partnerships underline the corporate’s technique to deal with the rising embedded finance market, enabling established firms with massive ecosystems to ship progressive monetary experiences to their prospects.
Lee Johnstone, Managing Director at Solaris (beforehand Contis MD) stated: “The wealth of data and product innovation that was nurtured at Contis for over a decade will proceed to thrive inside the Solaris Group. Our integration supplies prospects and present companions with a seamless level of entry to entry mixed options from throughout the group in an easy means with unmatched capabilities.”