Fidor TecS enables disruptive banking Fidor combines a full banking license with its own technology: a strong focus on APIs ensures meeting the demands of the …


There has been a lot of press recently about the launch of German Fidor Bank in the UK.

In the UK, a lot of challenger banks have launched or are in the starting blocks, so people might feel a bit blasé about the launch of Fidor. Even for people in Fintech, we might feel that Fidor has been around for a long time, so it has lost a bit of its novelty aspect.

But it would be a mistake to underestimate Fidor: if you  spend time on their company presentation above, you would see that almost each single slide (and there are 49 of them!) shows a totally new way to design a bank. From open APIs to credit scoring, from user testing to virtual currencies, this is radically different from a traditional bank.

So definitely a very good presentation to read (again), with a lot of very good metrics too.

The biggest question for Fidor (and other challenger banks) though is – in spite of all these innovations – whether consumers will find the value propositions compelling enough to switch.


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