Fidor Bank

from Wikipedia, the free encyclopedia
  Fidor Bank AG
logo
Country GermanyGermany Germany
Seat Munich
legal form Corporation
founding 2009
Website www.fidor.de
Business data 2018
Total assets 1,470,520 euros
insoles 1,294,033 euros
Customer credit 107,154 euros
Employee 347
management
Board Boris Joseph ( CEO )
Pascal Cirelli ( CFO / CRO )
Stefan Spannagl ( COO / CIO )
Supervisory board Jean-Yves Forel

Template: Infobox_Kreditinstitut / Maintenance / ID is missing

The Fidor Bank AG is a direct bank based in Munich ( Germany ). The business areas include traditional banking with private customers ( business-to-consumer ). Business customers ( business-to-business ) who are offered the use of the Fidor platform, various processes and a banking license as part of “Banking-as-a-Service” are handled by the subsidiary Fidor Solutions AG. Fidor Bank is part of the French Groupe BPCE .

history

In 2003, the former CEO of Direkt Anlage Bank Matthias Kröner founded the Kölsch Kröner & Co. AG together with the former private customer director of the Bayerische Hypo- und Vereinsbank Martin Kölsch.

In 2006 the company was renamed Fidor AG and in 2009 it was renamed Fidor Bank AG. The name Fidor is derived from Latin and can be translated as "I will be trusted". Originating in the context of the financial crisis , Fidor Bank wanted to counter the established banking industry with the new concept of a digital community bank that interacts strongly with its clientele via social media and accepts and implements their suggestions.

In May 2009, Fidor Bank AG was granted a full banking license by the Federal Financial Supervisory Authority (BaFin) in accordance with Section 32 of the KWG (German Banking Act).

In 2016, the French banking group BPCE took over Fidor Bank AG for around EUR 100 million. With the purchase of Fidor Bank AG, BPCE pursued the goal of driving its digital transformation and expanding its private customer business in Europe. Fidor Bank AG wanted to continue growing with the capital gained, in particular by expanding abroad.

In autumn 2018 it became known that the BPCE banking group was considering selling Fidor Bank AG. After negotiations had been slow for several months, Matthias Kröner announced his resignation as CEO in April 2019 "by mutual agreement" . He was succeeded by Boris Joseph in July of the same year.

The Fidor Bank has received several national and international awards, for example as Innovator of the Year 2019 by the business magazine brand eins .

Subsidiaries

As of 2020, Fidor Bank AG has three subsidiaries :

  • Fidor Factory GmbH - controls and operates customer service
  • Fidor Solutions AG - business customer support and service provider for customer-centered and strategic infrastructure
  • Efficient Scale GmbH - e-commerce marketplace

Products and services

In March 2010, the bank began offering accounts for private and business customers. The smart current account supplements the classic account offer with internet payment, cashless payment via Apple Pay and other banking offers: In addition to savings bonds , credit cards , installment loans and investments in foreign currencies, trading in virtual currencies such as Bitcoin is also possible. Communication between customers and with bank employees is possible via the Fidor online community .

In the last quarter of 2015, the bank launched a PayPass- compatible debit card from MasterCard and a embossed combination card that combines MasterCard, Maestro-Card and PayPass in one card.

The range of business customers includes a business account, a prepaid credit card and financing products. If desired, account users can choose from various crowdfunding offers for companies or individual projects. The HBCI functionality, which is often important for business customers , is not offered.

Fidor works with various trading platforms for crypto currencies , such as bitcoin.de or kraken.com .

On May 12, 2016, the telecommunications company Telefónica announced that it would offer its customers the first completely mobile bank account free of charge via Fidor Bank in the future. The offer called "O 2 Banking" can be opened via video chat. The mobile app has been available for Android and iOS since July 2016 . With the help of the O 2 banking app, users can access their current account easily, securely and free of charge. It supports Apple Pay , for example, and offers extensive security features such as push notifications in real time for every transaction. When using the free Mastercard , O 2 customers also receive high-speed data volume as a bonus. The bank account including a Debit Mastercard is free and open to everyone. From November 1, 2019, Fidor Bank will charge a monthly account management fee. However, customers who actively use their Fidor Smart current account or Fidor Smart business account (i.e. more than ten transactions per calendar month) will receive an activity bonus of the same amount. On April 30, 2020 it was announced that Telefónica is partnering with Fidor terminates and continues the “O 2 Banking” offer with another partner bank.

As a fully digitized bank, Fidor Bank handles all of its operational activities through its central administration in Munich. In addition, no further “physical” branch is required, as the customer is only in contact with the bank via website, e-mail, chatbot, app or telephone.

Web links

Individual evidence

  1. ↑ Annual financial statements for the 2018 financial year. Fidor Bank AG, accessed on January 23, 2020 .
  2. ↑ a b c Imprint - Fidor Bank. In: fidor.de. Retrieved November 20, 2019 .
  3. ↑ Fidor Group takes stock: 10 years of banking license - 10 years of innovation leadership and growth. (PDF; 233 KB) Press information. In: fidor.de. March 4, 2019, accessed August 28, 2020 .
  4. ^ A b Fidor Bank AG: Nobody dares to do that. (PDF) Retrieved October 30, 2019 .
  5. ↑ Marina Vogt: Fidor Bank - The Bank of the Future? Management Circle, June 28, 2016, accessed October 30, 2019 .
  6. ↑ Fidor Bank AG: Fidor Group takes stock: 10 years of banking license - 10 years of innovation leadership and growth. (PDF) Fidor Bank AG, March 4, 2019, accessed on October 30, 2019 .
  7. ^ Fidor Bank AG: Fidor AG receives full banking license. Retrieved October 30, 2019 .
  8. ↑ a b Meike Schreiber: Kröner leaves the Fidor Bank. In: Süddeutsche Zeitung. April 1, 2019, accessed October 30, 2019 .
  9. ↑ Elisabeth Atzler, Katharina Schneider: Accolade for German Fintech. In: Handelsblatt . July 28, 2016, accessed on August 8, 2019 (for a fee).
  10. ↑ Federal Gazette. Retrieved October 30, 2019 .
  11. ^ Anne-Katrin Schade: Large French bank swallows fintech pioneer. Gründerszene, July 29, 2016, accessed October 30, 2019 .
  12. ^ Ann-Sophie Crecelius: French bank BPCE is considering selling the Internet bank Fidor. FINANCE Magazin, October 1, 2018, accessed October 30, 2019 .
  13. ↑ Fidor Bank has received several awards. Press release. In: presseportal.de. Fidor Bank AG, May 18, 2017, accessed on November 12, 2019 .
  14. ↑ The most innovative companies in Germany | 2019. Retrieved October 30, 2019 .
  15. ^ Company. In: fidor.com. Retrieved March 25, 2020 (English).
  16. ↑ Axel Kannenberg: "Express-Handel": Bitcoin.de cooperates with online bank Fidor. In: heise.de. February 23, 2015, accessed January 8, 2018 .
  17. ↑ Megabytes instead of interest: Telefónica launches mobile bank account for O2. In: ariva.de. May 12, 2016, accessed April 5, 2019 .
  18. ↑ Stefanie Seidlitz: Completely mobile bank account in cooperation with Fidor Bank AG: Telefónica Deutschland starts O 2 Banking. In: blog.telefonica.de. June 25, 2016. Retrieved October 20, 2017 .
  19. ↑ Press release Telefónica Deutschland and Fidor Bank AG - o2Banking receives renowned Finanz-Award 2019. (PDF; 59.1 KB) In: fidor.de. July 11, 2019, accessed August 15, 2020 .
  20. ↑ Fidor Bank AG is adapting its fee model. (PDF; 83.7 KB) Press release. In: fidor.de. August 28, 2019, accessed October 30, 2019 .
  21. ↑ Mobile bank account: o2 Banking starts into the future with a new partner. Accessed April 30, 2020 .
  22. ↑ heise online: Telefónica's "O2 Banking" changes bank partner - account transfer necessary. Accessed April 30, 2020 .
  23. ↑ Federal Gazette. Retrieved October 30, 2019 .

Coordinates: 48 ° 8 ′ 58.5 ″  N , 11 ° 33 ′ 23.5 ″  E