Solaris, a German embedded finance platform, is cutting approximately 80 roles, about 20% of its 400-person workforce, as part of a restructuring to transform into an “AI-native bank” where AI agents handle operational processes and humans focus on control and governance. The cuts follow a difficult stretch for the Berlin-based banking-as-a-service provider that included previous layoffs, a write-down, and a November 2024 rescue funding round from Japanese investor SBI Group, which is now Solaris' majority shareholder. CEO Steffen Jentsch said the company plans to expand its embedded finance platform into a pan-European financial infrastructure with processes largely automated by AI, building on its German full banking license and decade of BaaS experience.
