Solaris cuts 80 jobs, becomes AI-native bank

German embedded finance provider Solaris is undergoing a significant transformation, reducing its workforce by 20%, which amounts to approximately 80 positions. This strategic move is part of its pivot to become an "AI-native bank." The restructuring occurs in the wake of previous layoffs, a financial write-down, and a crucial rescue funding round secured in November 2024 from Japanese investor SBI Group. This initiative signals a major shift in Solaris's operational strategy, prioritizing artificial intelligence integration to redefine its banking services and market approach.