Solarisbank, Europe’s leading Banking-as-a-Service platform, today announced a partnership with Berlin-based neobroker fina to bring its white-label securities brokerage solution to the market.
The new solution will give partners easy access to securities brokerage services over a single API. With this approach Solarisbank extends the existing product portfolio and delivers an all-in-one solution for its partners to participate in the highly competitive, but booming German brokerage market. Therefore, Solarisbank provides a license umbrella, allowing partners to perform investment brokerage as tied agents of Solarisbank.
The product will allow access to on-exchange and off-exchange trading and in the initial phase it will be possible to trade stocks, ETFs and funds. It will be also possible to set up ETF savings plans. An expansion of the offer is planned for the future. Solarisbank’s securities brokerage service includes automated taxation for German residents.
“We are delighted that fina is one of the first securities brokerage partners in Germany to leverage Solarisbank's robust and fully regulated infrastructure to deliver on our vision of financial inclusivity. This enables us to redefine the front-end experience of online brokerage - making investing into diversified asset classes more accessible and inclusive for a new generation of diverse investors,” says Léonie Rivière, CEO & Co-founder of fina.
Jörg Diewald, CCO of Solarisbank adds: “With fina, we are winning a next-generation neobroker as a partner. The business idea - providing financial education for millennials and the GenZ - in combination with a target group-specific brokerage product is an innovative approach to promoting financial inclusion. With the brokerage product, we add a key building block to our platform and enable both fintechs and embedded finance pioneers to generate added value. We look forward to working with fina and will continue to develop the offering together in the future.”