5 ms·

Next up, Solaris Bank and Vivid Money, that is, if BaFin wakes up.

• geff82 3y ago
  Solaris Bank is Deutsche Bank.
  • hef19898 3y ago
    Which could be used as another reason to look into them, right?
  • tagyro 3y ago
    what?! no, they are a german bank (which translates to "deutsche bank" in german) but there is no connection (afaik, my infos are 2+ years old now) between Solaris and Deutsche Bank AG.
  • geff82 3y ago
    My bad. My comment was wrong indeed. I confused Solaris Bank with norisbank. Norisbank is Deutsche Bank, Solaris Bank is NOT. You were right of course.
• sveme 3y ago
  Why solaris bank? A lot if startups are relying on them, what‘s wrong with them? Though TradeRepublic moved away from them, makes you wonder.
  • tagyro 3y ago
    Last I've heard BaFin actually appointed a special investigator [0] to Solaris [0]: https://www.bafin.de/SharedDocs/Veroeffentlichungen/DE/Massnahmen/60b_KWG_84_WpIG_und_57_GwG/meldung_2023_01_26_Solaris_SE.html https://www.bafin.de/SharedDocs/Veroeffentlichungen/DE/Massn...
  • mschuster91 3y ago
    > Though TradeRepublic moved away from them, makes you wonder. TR got its own full-bank license a few months ago [1], it makes sense for them to consolidate stuff in-house instead of paying third parties for their services. That is useful as a startup with a few thousand customers, as the requirements of actually building a bank tech stack are quite massive, but TR has >4M customers now and makes a profit [2]. [1] https://www.capital.de/geld-versicherungen/trade-republic-erhaelt-banklizenz---was-das-fuer-kunden-bedeutet-34262702.html https://www.capital.de/geld-versicherungen/trade-republic-er... [2] https://www.businessinsider.de/gruenderszene/fintech/neobroker-trade-republic-ist-erstmals-profitabel-und-nennt-kundenzahlen/ https://www.businessinsider.de/gruenderszene/fintech/neobrok...