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.

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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.

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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.

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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

Solarisbank is a german full-service bank licensed by the German Federal Financial Supervisory Authority (BaFin) and the European Central Bank (ECB).

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German IBAN

Your money is held in a regulated german bank account.

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100.000 € deposit guarantee

Your funds are covered by the european deposit guarantee.

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In one place

Your deposits are not invested, moved or lent out.

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Security

Multi-level authentication for transactions & biometric login.

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Always there for you

24/7 access to your account via the Kontist App.

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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.  

Full list of changes resulting from the GDPR

How we secure your data

Kontist is built on a reliable infrastructure, which allows us to share your information with your accounting service when you opt in. We work closely with our partners fastbill and lexoffice to develop integrations that ensure the privacy and security of integrated users.

Secure integrated solutions

Our accounting partners' solutions are integrated with the Kontist App, so relevant data is automatically available and the risk of incorrect or delayed information is significantly reduced.

Authentication by user, not by third-party

Your bank data is only shared with an accounting system after you set up the integration by logging into your accounting system through the Kontist App. You can disconnect the integration at anytime.

Third party access under your control

Kontist only shares your data with the accounting systems you’ve authorized. Disconnecting your integration stops the transmission of new data and removes all accounting data from the Kontist App. For legal reasons, you need to delete synced banking transactions directly in your accounting system.

Encrypted transmission

Your data will always be SSL-encrypted when transmitted between Kontist and our integrated partners. Your data is only accessible using a unique security-token that is specific to you and your integration.