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Escrow and E-money: the intelligent way to move money

solarisBank Escrow and E-Money is an advanced, API-accessible system for settling and clearing thousands of transactions in real-time. Enabled by our German full banking license and e-money capabilities, Escrow and E-money fully addresses your business’ compliance concerns, and features various customizable components, serving a variety of business needs across industries.

Taking the pain out of compliance

Within the EU, custodianship of funds and money transfers of all kinds—Escrow, E-money, gift cards, crowdfunding—are governed by a s of regulations. The most prominent of these is the EU Payment Services Directive. These regulations limit the types of payment-related services your company can perform without the appropriate licensing.
solarisBank’s full banking license, issued in Germany, ensures regulatory compliance for all types of money transfers. More than an E-money license, it’s regulated by the German regulator, the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) and can be passported to countries throughout the EU, allowing your business to operate seamlessly across the continent.
This all happens in the background, of course. With solarisBank Escrow and E-Money, your business stays at the forefront. Your customers interact with your brand while Escrow and E-Money operates in the background to settle, clear, and transfer funds in real-time, ensuring security, safety, and compliance.

PSD

Complies with the EU Payment Services Directive, which requires appropriate licensing

Umbrella Banking License

Regulated by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)

Available KYC

Customer Identification powered by PostIdent and video identification providers

Escrow and E-money’s components combine to power your business

solarisBank Escrow and E-money is made up of a number of different interlocking components to enable several business use cases.

Account Analysis

solarisBank automatically accesses and analyzes an applicant’s online banking activity for key risk indicators.

Cards

solarisBank has partnered with MasterCard to issue several card types.

E-money license

Issuers of E-money must be covered by the appropriate license and comply with PSD II.

KYC

solarisBank has partnered with IDnow to provide automated KYC where required.

Scoring

solarisBank’s algorhythmic risk analysis dynamically creates a score for each loan applicant.

  • Account Analysis

    solarisBank automatically accesses and analyzes an applicant’s online banking activity for key risk indicators.

  • Cards

    solarisBank has partnered with MasterCard to issue several card types.

  • E-money license

    Issuers of E-money must be covered by the appropriate license and comply with PSD II.

  • KYC

    solarisBank has partnered with IDnow to provide automated KYC where required.

  • Scoring

    solarisBank’s algorhythmic risk analysis dynamically creates a score for each loan applicant.

Modern, easy-to-integrate tech

solarisBank Escrow and E-Money’s sophisticated tech represents a significant advance in the state of the art. Say goodbye to manually checking and uploading batch files. Our intelligent layer means you can automate the key processes for your business with lines of code rather than manual labor. When used in prepaid and gift cards, this automatic, real-time settling of accounts can mean huge savings in processing and overhead for your business. In applications like P2P and Escrow, this means your customers and partners get their e-money instantly, and funds arrive as fast as SEPA and receiving banks can process and transfer them.

Pioneer Spotlight

Open-loop fashion gift cards powered by Escrow and E-money

fashioncheque

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If you don’t understand, ask your developer how w00t this is.
✓ Our API structure is optimized for human understanding. Hence RESTful and not SOAP, or whatever the other old-school banks use.
✓ Webhooks anyone? No more wasting resources by running loops and constantly pinging our servers for completed actions. (For non-techies, this is like a push notification so you don’t always have to hit the refresh button to see if something has been done)
✓ Go home XML, you’re drunk. Hello JSON! It’s nice to look at simple, short, readable code and understand it at first glance. Much more human-friendly.
✓ Access our sandbox through our developer playground! Yup. We have a playground.

Pioneer Spotlight

Convenient P2P payments powered by Escrow and E-money

Cringle

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