Solarisbank selects Feedzai as a Risk Management partner

By Joy Dumasia

Solarisbank AG, Europe’s leading Banking-as-a-Service platform and Feedzai, the world’s leading cloud-based financial risk management platform, announced a multi-year partnership at Money20/20 Europe. The pioneering companies have joined forces to reshape banking, combining the trailblazing transformation of Banking-as-a-Service with the risk management and security expected from financial institutions while preserving the customer experience.

Solarisbank enables any company to offer financial services via APIs while easing the technical and regulatory complexities. With this new partnership, Solarisbank is leveraging Feedzai’s proprietary technology, enabling them to apply adequate risk management according to respective law requirements.

Solarisbank joins an elite list of customers who use the fully packaged Feedzai Solutions to assess risk for single and cross-channel transactions in an agile and easy-to-deploy way. In addition to Feedzai’s flexible technology, scalability played an essential role to match Solari’s growth projections for the years to come.

Roland Folz, CEO of Solarisbank, said: “We were drawn to Feedzai’s depth and breadth of experience in helping various banks fight financial crime. Using Feedzai’s financial risk management platform, we can bridge an important gap within the industry to deliver the best experience, both in terms of customer ease of use and protection from financial risk.”

Nuno Sebastiao, CEO of Feedzai, said: “We are excited to be part of Solarisbank’s growth journey by providing a best-in-class risk management tool that will be further protecting its tech-savvy customer base. A growing number of financial institutions are looking for cutting edge financial risk management technologies wrapped around a digital-first evolution approach. Solarisbank is leading this new wave of financial institutions that are unlocking the full power of the cloud.”

Recently, IBS Intelligence reported that Solarisbank AG, a European Banking-as-a-Service platform, announced that it had raised €190 million in an oversubscribed Series D funding round, valuing the company at €1.4 billion.