4 ms·
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.
by 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 agoLast 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...