Solaris Boosts European Presence with ACI Worldwide's Cloud-Native SEPA Instant Payments Migration
Berlin-based embedded finance platform Solaris has bolstered its position in the European market by migrating all SEPA instant payments to ACI Worldwide's cloud-native platform, Connetic. This strategic move, effective since November 2023, aligns with the EU's new cost-equivalence rule for instant payments, driving innovation in retail and corporate sectors.
Solaris, acting as an infrastructure provider for digital financial services, has expanded its collaboration with ACI Worldwide. By consolidating SEPA instant payments on Connetic, Solaris strengthens its role in the embedded finance market and improves its service levels. Carsten Holtkemeyer, CEO of Solaris, sees this migration as a decisive step in their growth strategy, future-proofing their payment infrastructure.
ACI Worldwide, in turn, solidifies its presence in Europe with this deepened partnership. Connetic, a flexible platform that can be operated in various cloud environments or as Software-as-a-Service, caters to the growing complexity in global payment traffic. Tom Warsop, CEO and President of ACI Worldwide, highlights the need for resilience and innovation from financial institutions in the face of increasing regulatory density.
Solaris' migration to ACI Connetic unifies its technical foundation and enhances efficiency in onboarding new Banking-as-a-Service (BaaS) customers. This strategic shift, driven by regulatory changes, positions both Solaris and ACI Worldwide for growth in the evolving European payment landscape.
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