German Bank Backed by ABN to Start Digital Corporate Loans
- Solarisbank cooperates with Compeon; 750,000 euros in 48 hours
- Study sees pressure on traditional banks due to new providers
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(Machine translation provided by Google and reviewed by Bloomberg editors)
Berlin-based Solarisbank AG, which is backed by Banco Bilbao Vizcaya Argentaria SA and ABN Amro’s Digital Impact Fund, is expanding for the first time into fully digitized lending to businesses, Joerg Howein, Solarisbank’s product director, told Bloomberg News in an exclusive interview.