Security and Kontist
It has never been easier and more secure to manage your business finances as a freelancer. A number of safety measures guarantee that your money, your account and your business information are always protected.
You can choose to log in to your account with fingerprint and face recognition. These unique biological features are far more difficult to copy or steal than traditional passwords.
Multi-factor authentication for transactions
In addition to your username and password, you have to enter a unique, temporary valid TAN in order to confirm money transfers. This code is sent by SMS to the verified mobile phone number attached to your account.
Task-switching privacy
When switching between apps on your mobile device, the preview image of the Kontist App is blurred, so that sensitive information such as your account balance doesn't appear in the multitasking view.
Full Control
Card blocking on demand
You can lock your Visa business debit card, in the Kontist App with just one click. Unlocking is just as easy, as is changing your card's PIN.
Virtual card security
Kontist meets Visas high security standard, which allows us to issue you a virtual card as part of our account. Since your virtual Visa card only exists as a card number in the App, it cannot be stolen.
Security on-the-go
For every transaction in your bank account or on your Kontist card, you'll get a push notification so you know what's happening with your money and can react immediately.
Jailbroken/ rooted devices are out
To protect your account and sensitive finance data, we do not allow rooted or jailbroken devices as they intentionally disable default security mechanisms of the operating systems.
How we protect your money
Solaris is a german full-service bank licensed by the German Federal Financial Supervisory Authority (BaFin) and the European Central Bank (ECB).
German IBAN
Your money is held in a regulated german bank account.
100.000 € deposit guarantee
Your funds are covered by the european deposit guarantee.
In one place
Your deposits are not invested, moved or lent out.
Security
Multi-level authentication for transactions & biometric login.
Always there for you
24/7 access to your account via the Kontist App.
Secure Limits
Maximum amounts for card transactions protect you from the debt trap.
Protecting your privacy
Kontist is committed to protecting your personal information and ensuring that you are in control of your data.
There have been big changes in data in 2018, with PSD2 and GDPR, two major EU regulations relevant to banks, coming into force more or less at the same time. PSD2 mandates access for third parties to bank account information and GDPR creates a framework for protecting personal data based on individual consent.
Although it sounds like the two are in conflict - one mandating access and the other mandating privacy - we see this as an opportunity. It’s an opportunity for you as a customer to have full access to your banking data, and the choice to share it with third parties for a richer, more personal banking experience- while also retaining control over what personal data gets shared. The two laws complement each other, and we believe that clear privacy regulations are what make trust in open banking possible.
