Fidor Bank Wins Silver Award For “Best New Business Ecosystem” at Efma Accenture Awards​​​​​​​

Published on 21. February 2018
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Fidor Bank Wins Silver Award For “Best New Business Ecosystem” at Efma Accenture Awards

  • The bank received over 68,000 votes
  • The award winners will be celebrated at a ceremony on October 25th in Rome

25 October 2017 - Fidor Bank has won silver in the category of “Best New Business Ecosystem” at the Efma Accenture Awards.

The awards are part of the Efma - Accenture Banking Innovation Programme which aims to identify and celebrate the most innovative projects in the retail banking sector globally. The competition for this category was fierce this year, and the winners were decided by public voting.

The best new Business Ecosystem awarded, called Fidor Market, is an online marketplace which connects curated Fintech, InsurTech and TradeTech offerings from the wider ecosystem, to consumers, all with the aim of bringing both much closer together in an easy and value adding way. With Fidor Market, customers can easily browse financial and insurance products, as well as convenient tools, all in one place. 

With this product, Fidor, renowned for its customer-centric approach, is once more striving to provide its customers with new, cutting-edge services, which also benefit the wider fintech community.  

It was initially launched to Fidor Bank customers in Germany as a Beta Test. Due to its widespread success, Fidor and Eight Inc have joined forces in a partnership, that will see Eight Inc. designing the future, post-Beta-phase customer experience for Fidor’s digital financial services marketplace.

Fidor Bank wants to re-establish lost confidence in banking with new and customer-focused services and wants to foster a new approach to financial services in the digital age. Traditional banks do not reflect their customers’ needs in this current digital era. Fidor Bank believes in openness, fairness, and involving customers in their decision-making process. Fidor Bank has defined a completely new banking relationship for digitally-savvy consumers and business customers.

Fidor Bank received its full banking licence in May 2009 and started business in December 2009 in Germany. It launched into the UK in 2015 and it has over 200,000 members.

Matthias Kröner, CEO, Fidor Group said: “We’re thrilled to have been recognised as one of the best new business ecosystems within banking. We at Fidor pride ourselves on the community we’ve built and that continues to serve as the driving force behind the bank. As we continue moving toward a digital, cashless society, I’m excited to see how our customers help us evolve and keep ahead of trends, ensuring we’re always the best in the business. I am also excited to see the organic adoption of our Market digital finance marketplace which will be expanded to additional markets.”

The expansion and global availability of Fidor Market with the support of Eight inc reknowned for designing the Apple Store Concept was announced during Money2020, read the announcement here.