Case Study
Banking on a better Tomorrow
Tomorrow offers a sustainable mobile banking experience that enables its users to achieve a positive impact with their money. The users’ deposits are invested in sustainable projects, including renewable energies and social housing developments and for every euro a user pays with their Tomorrow card, Tomorrow protects 1 m² of rainforest from deforestation. Premium “Zero” users can even offset their carbon footprint entirely. Kitted out with the full suite of banking features, Tomorrow combines a state-of-the-art user experience with a sustainable philosophy.
Challenge
To make their vision of a platform for ethical finance a reality, Tomorrow knew that at the center of their proposition they needed to offer a fully-fledged bank account. This would act as the central hub to which further value-added services around sustainable investing could then be added. This, however, was no easy feat:
- To offer a basic bank account and card, the German regulator demands a banking license. However, due to the immense operational effort and sunk costs required for getting a banking license, Tomorrow looked for a licensed provider that could shoulder these burdens.
- Further, Tomorrow needed to move quickly. The European mobile banking market was getting increasingly crowded and new features were being launched at a rapid rate. Tomorrow was in search of a partner that was on eye-level in terms of technological capability and speed.
- Finally, the partner of choice needed to accommodate Tomorrow’s unique brand – not just in terms of design, but also in terms of infrastructure. After all, Tomorrow wanted to offer features that allowed for investments with positive social and environmental impact.
Our solution
A fully-fledged mobile banking experience
With Solaris’ digital banking APIs, Tomorrow is able to offer its customers a modern mobile banking account complete with SEPA credit transfers & direct debits, real-time push notifications and automatic categorization of transactions – all without having to obtain an own banking license. What’s more, with sub-accounts, which Tomorrow lovingly calls “Pockets”, users can set savings targets and manage their spending behavior for improved financial wellbeing. Naturally, Tomorrow keeps full control of the app design, creating a wholistic brand experience.
A card for your conscience
No account is complete without a card. With Solaris’ Visa debit cards, Tomorrow’s users have the full control: setting a new pin, blocking and unblocking the card and setting specific card limits can be done within the app at any time. But that’s not all - to fulfil its promise of sustainable banking, Tomorrow offers a card made entirely of sustainably sourced wood – an eye-catching statement for a plastic-free world. In a rush? Tomorrow’s cards are also compatible with Google Pay & Apple Pay for an easy tap & go payment experience.
The project in numbers
What they say about us
“With its fast processes and well-established technology, Solaris is the ideal partner for us to implement our mission: to bring sustainable banking into the mainstream.”
Co-Founder of Tomorrow