Monday, June 18, 2018
Alior Bank stated it will deliver multicurrency accounts with international transfers and deposits; solarisBank will add the banking infrastructure with its technological, compliance and regulatory framework; Raisin, through its network of partner banks and more than 100,000 customers, is adding various savings and investment possibilities to the offering; and Mastercard’s Benefit Optimization program will be used to offer additional value-added services to customers.
The open API platform will leverage the opportunities of EU directive PSD2 and open banking, Alior Bank added.
"Thanks to this platform, customers will be able to access the best of each collaborator's offer in a fast and efficient way," said Daniel Daszkiewicz, Head of FinTech at Alior Bank. "For example, a customer in Germany, while opening an account with solarisBank, will instantaneously gain access to a multicurrency account with Alior Bank and to Raisin's savings products. Thanks to the cooperation with Mastercard on the other hand, customers will be able to buy additional value-added services that will facilitate clients' global lifestyles. This is our first cross-border collaboration to this extent, and it is a very challenging project at the same time, because it puts a bank in a totally new position."
“The new platform – for which solarisBank will provide the infrastructure for accounts and transactions – is an exciting step to build a digital, financial ecosystem for Europe," said Marko Wenthin, co-founder and CCO at solarisBank. "Moreover, this partnership with such an innovative financial institution proves to us the success of our banking-as-a-platform approach.”
The product will be available for all EU residents with a focus on the German market during the first phase of the project, the partners stated. For further details as they develop, visit wechallenge-banking.com.
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