Solaris fortifies strategy with high-caliber Supervisory Board appointment

Berlin - 26.06.2024. Solaris, Europe’s leading embedded finance platform, announces the appointment of new supervisory board members. The board will be instrumental in helping Solaris execute its 5-year strategy, dedicated to achieving profitable growth, focusing on core verticals, and making regulatory compliance a key USP.


Following this year's general assembly, Solaris is excited to announce Michael Bonacker as the new supervisory board chairman. Bonacker brings a wealth of banking and transformational experience to Solaris, as the organization sets its sights on strengthening its market-leading position after proving resilient in adapting to new market conditions.


Solaris has been built on fantastic technological foundations and has shown tremendous resilience during the past 12 months to establish a pole position in the embedded finance market. While the market has huge potential, Solaris must now focus on long-term organizational transformation. I’m delighted to work with a supervisory team featuring some of the best minds across fintech and banking. Michael Bonacker


Renowned global strategist Michael Bonacker has over 30 years of professional experience in financial services including roles in management, investment banking and consulting. He has held senior management positions such as Group Head of Strategy at UBS and Head of Development at Commerzbank. His extensive background also includes roles at Credit Suisse, Oliver Wyman, BHF Bank, Lehman Brothers, Deutsche Bank and McKinsey.


Bonacker will chair a supervisory board consisting of Solaris founding investor and former chairman Ramin Niroumand, audit expert Burkhard Eckes, SBI Group executive Tomoyuki Nii, and new appointee James Freis.


Freis brings extensive fraud and cybercrime prevention expertise to the Solaris supervisory board, having previously served as the United States Department of the Treasury’s Director of the Financial Crimes Enforcement Network. He was also instrumental in initiating actions to stop the Wirecard scandal shortly after joining the organization.


Together with its partners, Solaris has led and defined the innovation phase in the fintech sector. The product and technology platform is unique in Europe. The focus on sustainable profitability and resilience will ensure market leadership and longevity of the business model. We have navigated a challenging time together and I am proud that Solaris' new chapter is also supported by leading experts on the Supervisory Board. Ramin Niroumand


About Solaris

Solaris is Europe's leading embedded finance platform. Solaris’ proprietary modular B2B tech stack and scalable licensing system empowers its partners – from large global non-financial companies to innovative fintechs – to offer unique, customer-centric financial services. Providing seamless experiences to customers across all industries. Founded in 2015, Solaris pioneered the Banking-as-a-Service market with an unparalleled combination of tech and banking services. Today, the banking and EMI-licensed tech company employs more than 700 people at ten locations in Europe and India, with net revenues of EUR 130 million in 2022.

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