Solaris Launches Bankident Plus for Fast Customer Onboarding

Why It Matters

The solution removes manual KYC steps, accelerating customer acquisition while ensuring compliance with stricter German AML rules, a critical advantage in the competitive embedded finance market.

Key Takeaways

• Combines QES and reference transfer in one step
• Pre‑identification adds selfie and ID photo before signing
• Enables instant account activation after first SEPA top‑up
• Meets Germany’s new AML requirements without manual interaction
• Increases onboarding conversion while lowering operational risk

Pulse Analysis

Embedded finance platforms have long grappled with the friction that traditional KYC processes introduce into digital onboarding. In Germany, the recent amendment to the Anti‑Money Laundering Act tightens verification standards, forcing banks and fintechs to prove both identity and source of funds within a single transaction. Companies that cannot streamline these steps risk higher abandonment rates and costly manual reviews. Solaris, already a market leader in Europe’s embedded banking ecosystem, responded by engineering a solution that merges compliance with user‑experience, aiming to set a new benchmark for rapid account creation.

Bankident Plus accomplishes this by pairing a Qualified Electronic Signature with a reference transfer that is automatically bundled into the customer’s first SEPA top‑up. A brief pre‑identification step captures a selfie and ID document, after which the QES is applied, creating a legally binding identity proof. When the reference transfer clears, Solaris’ fraud‑prevention engine validates the name match and instantly activates the account, granting immediate access to funds. The entire workflow runs 24/7, requires no video call or human agent, and eliminates the separate verification stage that older Bankident solutions demanded.

The streamlined process translates into measurable business benefits. By removing a manual checkpoint, partners report higher onboarding conversion and shorter time‑to‑first‑use, while the integrated AML check reduces exposure to regulatory penalties. Operational risk drops as the automated fraud‑screening replaces error‑prone human reviews. For the broader embedded finance market, Solaris’ approach signals a shift toward fully digital, compliance‑by‑design identity solutions that can be replicated across jurisdictions. As regulators continue to demand tighter controls, solutions like Bankident Plus may become the de‑facto standard for fintechs seeking scalable, low‑friction customer acquisition.