FinLeap, a German fintech startup, is offering ‘banking as a platform. The Berlin-based company has launched solarisBank, a fully licensed bank designed to power an array of fintech services. The new venture has developed what is described as a modular-based banking toolkit, including various modern banking APIs. It can offer other fintech-based services too, which can in turn be offered to customers. These include account and transaction services, compliance and trust solutions, working capital financing, and online loans. Those services not only require a technology solution, but in many instances, a banking or e-money license. solarisBank will handle the whole work in this regard. The firm has already begun servicing a number of test customers. A spokesperson for the company explained that Solaris’ services are like Lego bricks and partners can pick the bricks they require and assemble custom solutions to fit their business needs. The partners can access Solaris platform services via easy-to-implement APIs. The frictionless and straight-forward integration enables the partners to launch quickly and concentrate on their core business. In addition to the focus on technological innovation, it also meets all regulatory requirements with its full bank license.
