Paytech ACI Worldwide introduced that Berlin-based embedded finance platform Solaris SE will consolidate all SEPA funds onto ACI Worldwide’s ACI Connetic fee hub.
Unveiled earlier this yr, ACI Connetic is a unified answer that integrates account-to-account (A2A) funds, card processing, and fraud prevention inside a single, cloud-native structure.
Based in 1975, ACI Worldwide has been a Finovate alum since 2011.
Simply months after launching its centralized fee hub, ACI Connetic, ACI Worldwide has introduced that European embedded finance platform, Solaris SE, will consolidate all SEPA funds onto ACI’s cloud-native funds answer.
“ACI Connetic represents a big step-change in our dedication to supporting monetary establishments as they navigate the complexities of the worldwide funds panorama,” ACI Worldwide CEO and President Tom Warsop mentioned. “In an atmosphere of accelerating funds complexity and regulatory calls for, ACI Connetic delivers the agility, resilience, and innovation required to drive digital transformations, sustainable development, and long-term success.”
ACI Connetic is a unified answer that integrates account-to-account (A2A) funds, card processing, and AI-powered fraud prevention inside a single, modular, cloud-native structure. ACI Connetic helps monetary establishments simplify their operations, innovate quicker, and meet rising regulatory and compliance necessities with larger agility and fewer price.
Solaris SE joins quite a lot of monetary companies corporations around the globe—together with main clearing and settlement methods—which can be integrating their fee capabilities into ACI Connetic. These early adopters embody the Financial institution of England, Swift, the US Federal Reserve, and The Clearing Home. The corporate’s partnership announcement with ACI Worldwide comes at a time when the advantages of centralized fee processing have gotten extra obvious to each monetary companies analysts and monetary establishments.
“Migrating our immediate funds capabilities to ACI Connetic marks a key milestone in Solaris’ digital transformation and development journey,” Solaris SE CEO Carsten Höltkemeyer mentioned. “It future-proofs our funds infrastructure, accelerates service innovation, and enhances the worth we ship to companions and their clients throughout Europe.”
Primarily based in Berlin, Germany, Solaris SE was initially established as part of incubator and accelerator, Finleap. As Solarisbank, the corporate secured its German banking license in 2016. The corporate rebranded to Solaris in 2022, a transfer which coincided with the agency altering its authorized standing from a German AG (Aktiengesellschaft) to an SE (Societas Europea or European firm). At this time, Solaris SE presents a Banking-as-a-Service (BaaS) platform that permits companies—from SMEs to multinational companies—to embed a variety of monetary options from digital banking and funds to playing cards and lending.
A Finovate alum since 2011 and an alum of our builders convention FinDEVr Silicon Valley, ACI Worldwide presents options that energy clever, real-time, funds orchestration to allow banks, billers, and retailers to deploy trendy fee applied sciences seamlessly and securely. The corporate serves the highest 10 banks worldwide; allows greater than 80,000 retailers immediately and by way of PSPs; and offers 1000’s of companies and organizations with billpay options. Based in 1975, ACI Worldwide now processes 25 billion cloud transactions and greater than 225 billion client transactions yearly. The corporate is headquartered in Elkhorn, Nebraska.
Photograph by Pixabay
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