explains Mahbod Asgari,
Solaris becomes the new partner for the ADAC credit card
30 September 22
• ADAC financial services will cooperate with Solarisbank AG in the future
• The card program with the Landesbank Berlin runs until the second Half of 2023 with all services
• Credit card holders will follow all the necessary steps informed
• The card program with the Landesbank Berlin runs until the second Half of 2023 with all services
• Credit card holders will follow all the necessary steps informed
Munich, 30. September 2022. ADAC Finanzdienstleistungen GmbH and Solarisbank AG will cooperate on the ADAC credit card program in the future. Solaris dissolves the Landesbank Berlin (LBB) as a co-branding partner for the ADAC credit card in the second half of 2023.
Until then, the partnership with LBB will continue. All previous services are still available to card users to the usual extent.
ADAC Finanzdienste GmbH and LBB discussed this in October 2021
informed that their cooperation in the credit card business will expire and that a new banking partner will take over in 2023. All agreements that regulate the transfer of the cooperation have now been made with Solarisbank AG.
The ADAC credit card portfolio can thus be handed over to the new co-branding partner.
“With Solaris we have the ideal partner for the ADAC credit card program
found, with which we can continue and further develop our portfolio seamlessly. The needs of our existing customers have top priority." "With the modern and powerful platform of our new partner, we can all be successful
Continue services for our members and at the same time further expand the range of services,”
found, with which we can continue and further develop our portfolio seamlessly. The needs of our existing customers have top priority." "With the modern and powerful platform of our new partner, we can all be successful
Continue services for our members and at the same time further expand the range of services,”
CEO of ADAC SE.
“As Europe's leading provider of banking-as-a-service, we are very pleased that we were able to convince our new cooperation partner with innovative processes and solutions and that we can take over the high-quality card range for ADAC members from 2023. We are convinced that ADAC has enormous potential for the further expansion of contextual financial services. Together we will shape the future of this exciting ecosystem shape,”
said Roland Folz,
CEO of Solarisbank AG.
For the current approximately 1.3 million users of the ADAC credit card, there will be no changes as a result of the change of co-branding partner, they do not have to take any action until further notice: the credit cards can continue to be used can be used and the complete service package - including fuel discount and insurance benefits, as well as customer service, will also be fully available in the future. Together with the LBB, the ADAC is early informed about the next steps.
About ADAC SE
ADAC SE, based in Munich, is a stock corporation under European law
offers mobility-oriented services and products for ADAC members, non-members and companies. It consists of 26 subsidiaries and affiliated companies, including ADAC Versicherung AG, ADAC Finanzdienstleistungen GmbH, and ADAC Autovermietung GmbH and ADAC Service GmbH. As a growth-oriented market participant, ADAC SE is driving the digital transformation across all businesses, relying on innovation and sustainable technologies. In the 2020 financial year
ADAC SE had around 2,900 employees and generated sales of 1.026 billion euros.
About Solaris
Solaris is Europe's leading embedded finance platform and financial industry
innovator. The technology company enables companies to offer their customers secure and innovative financial services. Through APIs, partners can quickly and easily integrate financial services into their own product offering.
Solaris is headquartered in Berlin and employs over 750 people at eight other locations in Europe and India. Combined net sales in 2021 exceeded EUR 100 million, a growth of over 90 percent compared to the previous year is equivalent to.
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