Moneyou, the online banking arm of Dutch banking group ABN Amro, has teamed up with Berlin-based fintech firm solarisBank to offer instant digital loans to customers.
Under the arrangement, Moneyou customers in Germany will be able to apply for solarisBank loans of between €1,000 and €35,000.
Go deeper with GlobalData
The loans will be authenticated using video identification and digital-based processes and fulfilled in 7 minutes.
Moneyou CEO Liesbeth Rigter said: “The instant digital loan is a new building block of our smart banking concept, which is oriented towards the reality of our customers’ lives: making self-determined decisions and using fast processes with easy-to-understand digital products.”
solarisBank CCO and co-founder Marko Wenthin added: “We see our first partnership with another bank as confirmation of our platform approach, which can bring digital companies, start-ups, banks and corporates all together to form one financial ecosystem.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
