A white-label bank
Barriers to entering the competitive banking market are very high. New banks must both undergo the daunting task of obtaining a banking
license and also make a massive investment. When o2 Telefónica Deutschland found that Fidor Bank had the same spirit when it comes to serving customers, the option of a white-label bank was the clear choice.
Bank as a Service, the emerging business model including technology, a banking licence and banking expertise in running a bank was the key decision critera for o2 Telefónica Deutschland. It helps white label Fidor Bank to preserve o2 Telefónica Deutschland's brand and its offerings
while relying on experts to run their operations.
o2, Telefónica Deutschland Banking focuses on the front end experience. Fidor provides the digital foundation to build o2, Telefónica Deutschland. In addition to this, Fidor offers all services needed to run a bank in its capabity as a fully regulated EU bank. The offering includes:
- Fidor Bank's EU licence
- Mobile channel
- fidorOS digital banking platform
- Regulatory, Risk and Compliance services
- Customers Service for o2, Telefónica Deutschland's customers
- Banking and customer engagement advisory services
Discover Fidor's Bank as a Service offering