Fidor Bank AG - Unternehmen des Jahres - Bankwesen
Company: Fidor Bank AG, Munich, Germany
Company Description: The Fidor Bank AG (http://www.fidor.de ) is a digital bank located in Germany and the UK and currently deploying across Europe. Fidor Bank is part of Fidor Group – a financial services firm that also comprises of Fidor Solutions (a global digital banking solutions provider) and Fidor Factory (a digital marketing agency). In July 2016 Fidor Group announced its acquisition by Groupe BPCE, the second largest banking group in France. This is an important step in Fidor’s strategy as this acquisition by Groupe BPCE enables a strong international expansion, the development of innovation, and will strengthen its worldwide presence.
Nomination Category: Kategorien Unternehmen / Organisationen Awards
Nomination Sub Category: Unternehmen des Jahres - Bankwesen
Nomination Title: Fidor Bank AG
Beschreiben Sie der Jury die Aktivitäten und Leistungen der nominierten Organisation seit Anfang Juli 2015 (in bis zu 525 Wörtern):
Fidor Bank is Europe’s original digital challenger bank. Founded in 2009, Fidor is the world’s first ‘fintech bank’, pioneering the collaboration between traditional financial services and technology businesses. Fidor Bank wants to offer a customer centric banking service with the possibilities of digitalization and web 2.0. That means speed as well as modern products and services – like crowdfunding, trading of virtual currencies and 60 seconds bank transfers. The open API structure allows to include various services and a constant expanding. So Fidor also acts as a marketplace for its customers, giving them access to a large selection of financial services, products and offerings through its partnerships. The personalised approach to banking gives every customer a voice in how the bank is run, as well as giving them unprecedented control - discussing the future interest rates, or naming the current account card that the bank will use for example, are just some of the options we’ve explored before. The banking concept provides an online community for people to provide and receive financial advice, giving users rewards for doing so such as cash, improved current account and savings bond interest rates.
Fidor started its business in Germany. Now Fidor Bank in Germany counts more than 160,000 fully legitimate banking customers (including white label partners) for the retail and Corporate Account. Both account types can be opened and verified in a completely digital process.
Just as extraordinary is the growth of the Fidor online community. The German community currently counts around 380,000 users. The company launched its retail banking offer in the UK in September 2015.
As a German leader in innovation the Fidor Bank has already introduced a variety of eye-catching products and services. In 2015, its wide-ranging account offering was supplemented with the SmartCard, which as a combination product, serves as a credit card, a debit card and a contactless payment method all at the same time. This is the first time that a product of this kind has been available in Germany.
In 2016, Fidor Bank on the basis of its No-Stack Banking platform introduces together with Telefónica Germany “O2 Banking” – the first mobile-only bank account in Germany. It is the role model for every subsequent product. Until now mobile banking apps haven’t been user-friendly; O2 Banking changes that. Additionally Telefónica Germany and Fidor Bank create new benefits for the customers: There are revolutionary features and, for the first time, O2 customers can claim data bonuses. For usage they get free additional data volumes – prepaid and postpaid – for their smartphone; instead of interest.
The Fidor Bank also offers "60 seconds banking" – the emergency money system that can be used within a minute and which enables urgent investments to be completed with immediate effect: it can be activated at any time at the weekend with no waiting times or form-filling. Overdrafts can also be arranged within just 60 seconds at the Fidor Bank. In the past years Fidor Bank won many national and international awards for their innovation – e.g. und "Global Growth Company 2015" (World Economic Forum), “Model Bank of the Year 2015” (Celent).