O2,Telefónica 
Deutschland

The making of o2, Telefónica Deutschland Banking,

German's first mobile bank

The convergence of 2 business models

Telecommunication and financial services have similar challenges; both are impacted by digitalization.

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. o2, Telefónica Deutschland engaged Fidor to build Fidor’s first white label bank and deliver it, using the SaaS model.

Check out O2 Telefonica Deutschland

A white-label bank

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. o2, Telefónica Deutschland engaged Fidor to build Fidor’s first white label bank and deliver it, using the SaaS model.

o2, Telefónica Deutschland Banking is the main brand highlighted
in the UX, which encourages customers to deepen their connection to the brand.

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.

  • 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

fidorOS: enabler of 2.0 banking

The success of o2, Telefónica Deutschland is a combination of nurturing a digital culture and enabling it through cutting edge technology. It powers an entire digital bank. It enables 60 seconds banking. It expands through third pary offerings. It deploys very fast on the cloud.

 

Discover fidorOS    

Key features

   Online Account with Digital MasterCard

 

   Instant Transfer to Phone Book contact, social media, email

 

  Credit products: credit card, emergency loan, overdraft


   Rewards: Free data to be used or shared with friends and family


   PFM, Real time analytics with visualisation of savings opportunities


  Security features: card activation / deactivation, real time notifications


Results

 

First to market

o2, Telefónica Deutschland Bank was the first mobile-only bank launched in Germany in 2015.

 

Competitive edge

o2, Telefónica Deutschland Bank set the standard for the future of mobile finance and continues to expand its offerings.

 

Immediate adoption

Digitally savvy customers, especially millennials, have embraced it, ensuring future organic growth.

 

Bank as a Service fast deployment

The project was accomplishedin a record timeframe of five months, using Fidor’s BaaS architecture. It will enable even faster deployment to additional countries.

 

Invaluable data insights

The symbiosis between telecom data and spending behavior provides essential insights that enable o2, Telefónica Deutschland to further strengthen and drive future ideas for innovation.

 

Industry Recognition

Its rating of 4.5 stars out of 5 in app stores and the multiple awards as Mobile Bank of the year are a testament to everyone’s hard work in building o2, Telefónica Deutschland Banking.

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