Banking-as-a-Service (BaaS) provider Contis has announced that it is retiring its brand to Solaris after a successful year of partnership with the group.
Back in January, Contis struck a deal with BaaS platform Solarisbank – part of Solaris Group – to try and tackle Europe’s emerging embedded finance market.
Now, Contis will also be known as Solaris, bringing the company fully under the Solaris Group umbrella and expanding its size to 750 employees across eight countries in Europe and Asia.
Solaris Group will also be able to add UK and EEA e-money licences to its portfolio thanks to Conits’ 14 years of operations.
Lee Johnstone, Managing Director at Solaris (previously Contis MD), said: “The wealth of knowledge and product innovation that was nurtured at Contis for over a decade will continue to thrive within the Solaris Group.
“Our integration provides prospects and existing partners with a seamless point of entry to access combined solutions from across the group in a straightforward way with unmatched capabilities.”
Under its new brand, the formerly-known Contis will also gain new partners in the likes of AmEx, Binance, Samsung and more, strengthening its expertise in embedded finance by learning from established corporations with large ecosystems.
Dr. Roland Folz, CEO of Solaris said: “Solaris has established itself as the leading platform for embedded finance in Europe. Combining our forces under the Solaris umbrella enables us to deliver the widest range of financial services within one strong brand across Europe.
“With multiple licences, as well as offices in the largest European markets, our platform is unique in terms of market coverage.”