Feedzai, an American cloud-based financial risk management platform, and Berlin-based Banking-as-a-Service (BaaS) platform Solarisbank announced a multi-year partnership at Money20/20 Europe.
With this new partnership, Solarisbank is leveraging Feedzai’s proprietary technology which enables them to apply an effective risk management which is in line with respective law requirements.
The companies have joined forces to combine BaaS with the risk management and security that is expected from financial institutions, while preserving the customer experience.
The flexibility of Feedzai’s risk management solution means they can scale as Solarisbank grows, helping the company to keep up with a regulatory and geo-political landscape that is in a constant state of flux as well as more comprehensively protect customers from threats.
Solarisbank companies to offer financial services via APIs while easing the technical and regulatory complexities of banking.
“We were drawn to Feedzai’s depth and breadth of experience in helping various banks fight financial crime.
Using Feedzai’s financial risk management platform we can bridge an important gap within the industry to deliver the best experience, both in terms of customer ease of use and protection from financial risk.”
said Roland Folz, CEO of Solarisbank.
“We are excited to be part of Solarisbank’s growth journey by providing a best-in-class risk management tool that will be further protecting its tech-savvy customer base.
A growing number of financial institutions are looking for cutting edge financial risk management technologies wrapped around a digital-first evolution approach. Solarisbank is leading this new wave of financial institutions that are unlocking the full power of the cloud.”
said Nuno Sebastiao, CEO of Feedzai.
This article first appeared on Fintech News Switzerland.