Poland-based Alior Bank has forged a partnership with Berlin-based solarisBank, Raisin, and Mastercard to set up a digital bank with pan-European footprint.

Leveraging strengths of all the partners, the challenger bank will debut during the fourth quarter of this year.

Initially, the digital bank will focus on German market, however, it will be available to all residents of the European Union in foreseeable future.

For the digital bank, Alior Bank will offer multicurrency accounts with international transfers and deposits, whereas solarisBank will deliver the banking infrastructure.

Raisin through its network of partner banks will provide savings and investment products while Mastercard will provide additional services to customers via its benefit optimisation programme.

Alior head of fintech Daniel Daszkiewicz said: “For example, a customer in Germany, while opening an account with solarisBank, will instantaneously gain access to a multicurrency account with Alior Bank and to Raisin’s savings products.”

Founded in 2008, Alior Bank offers banking products and services such as savings, personal, current, and auxiliary accounts to individual and business customers in Poland.