Solaris, Europe’s embedded finance platform is pleased to welcome Bitpanda, Europe’s crypto platform, on its KYC platform.
Bitpanda will leverage Solaris full digital and scalable KYC solution Bankident “to identify customers in Germany.”
This signals a new chapter in “a longstanding partnership between Solaris & Bitpanda, with Solaris acting as issuer and processor for Bitpanda’s debit card program across the European Economic Area.”
Joerg Diewald, Chief Commercial Officer at Solaris said:
“We are proud to be providing our market-leading identification method for Bitpanda. Through using Bankident, Bitpanda will benefit from a secure and compliant solution that enables its customers to seamlessly identify themselves within seconds, which in turn helps to increase conversion rates. Providing scalability to partners is at the heart of Solaris, as we support Bitpanda in its growth journey.”
Solaris provides a multitude of “digital identification service components via RESTful APIs.”
Its KYC platform is fully compliant “with anti-money laundering laws and can be adapted to the specific needs of a company, empowering partners to own the customer journey from start to finish while keeping consistent with corporate branding.”
Maik Brodowski, Commercial lead Germany at Bitpanda said:
“To enable our customers to start trading within minutes, we strive to consistently provide a secure, compliant, seamless, and accessible experience when creating and opening their Bitpanda account, regardless of the market. Solaris’s Bankident KYC solution empowers us to achieve this goal in Germany. We are excited to extend our partnership with Solaris.”
As noted in the update, Bitpanda Technology Solutions is “one of the most scalable “Investing-as-a-Service” infrastructure in Europe and worldwide.”
The platform enables FinTechs, traditional banks, and online platforms to “offer regulated trading, investment, and custody services for stocks/ETFs, cryptocurrencies, precious metals, and commodities.”
Partners can build their own offerings on “an ISO 27001-certified and time-tested infrastructure.”
This fully modular platform allows for integration “via API or direct white label.”
As mentioned in the announcement, Solaris is Europe’s embedded finance platform. Solaris’ proprietary modular B2B tech stack and “scalable licensing system empowers its partners – from large global non-financial companies to innovative fintechs – to offer unique, customer-centric financial services.”
Founded in 2015, Solaris enabled “the Banking-as-a-Service market with an unparalleled combination of tech and banking services.”
Today, the banking and EMI-licensed tech company employs “more than 700 people at ten locations in Europe and India, with net revenues of EUR 130 million in 2022.”
