Banking-as-a-Service (BaaS) platform Solarisbank has expanded to France, Italy and Spain to become a pan-European platform.
The expansion will enable the company to offer local IBANs in the three countries.
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The Berlin-based tech company establishing local operations in the three new markets in six months. It has also hired international professionals to support its operations.
Jean-Francois Guillaumin joined Solarisbank as General Manager France, while Francisco Jaramillo is in charge of the Spanish market. Michael Koehler will lead the company’s presence in Italy.
Solarisbank managing director and general representative Timo Weber said: “With the activation of local IBANs in France, Italy and Spain, Solarisbank has become a true pan-European platform.
“Hereby we cater to the ambitious growth plans of our existing partners, but also boost our competitive edge. With the possibility to combine the right financial services tailored to individual needs, Solarisbank offers unparalleled flexibility for companies with European ambitions.”
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By GlobalDataSolarisbank has a full German banking licence. It enables other companies to offer their own financial services.
The platform provides digital bank accounts and payment cards, identification and lending services among others.
Last month, Solarisbank announced the completion of the transfer of its entire customer base to its own core banking system. The switch is expected to enhance performance and automate certain manual operations.
