Alior to launch pan-European digital bank with solarisBank and Raisin

Alior to launch pan-European digital bank with solarisBank and Raisin

Poland's Alior Bank is going pan-European, teaming with Berlin-based solarisBank, Raisin, and Mastercard in an effort to conquer the continent.

Slated to go live in the fourth quarter, the new digital bank will see Alior deliver multicurrency accounts with international transfers and deposits to all EU citizens, although the initial focus will be on Germany.

German banking-as-a-service platform solarisBank will provide the banking infrastructure with its technological, compliance and regulatory framework, while Raisin will use its network of partner banks to add a host of savings and investment options. Mastercard’s Benefit Optimization programme will be used to offer additional value-added services.

Daniel Daszkiewicz, head, fintech, Alior, says: "Thanks to this platform, customers will be able to access the best of each collaborator's offer in a fast and efficient way. 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."

Marko Wenthin, CCO, solarisBank, adds: "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."

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