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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.



Last I've heard BaFin actually appointed a special investigator [0] to Solaris

[0]: https://www.bafin.de/SharedDocs/Veroeffentlichungen/DE/Massn...


> 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-er...

[2] https://www.businessinsider.de/gruenderszene/fintech/neobrok...




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