Solarisbank AG is a German banking company with its own banking license. It has developed a digital API banking platform that Penta uses to provide banking services to you as a customer.
As a holder of a banking license, Solarisbank AG is a financial institution that accepts consumer and business deposits and is permitted to conduct financial transactions under German law. Solarisbank AG is regulated by the European Central Bank (ECB) and the German Federal Financial Supervisory Authority (BaFin).
As a technology company with a full german banking license, Solarisbank AG allows us to offer our own financial services.
Your deposits are protected by the European Deposit Insurance Fund up to €100,000 according to the EU standard for banking institutions.
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