Published on January 3, 2013
Vision & ConceptFidor Bank AGDecember 2012
Who and what is Fidor Bank? Tech Enabled Financial Services The financial industry provides the foundation of all commerce. The industry must utilize technology to cope with ever-evolving market demands and threats faced by companies, changing consumer demands, payment methods and increasing regulations. Financial services as an industry is undergoing significant change and is ripe for change. The level of emerging technology-enabled financial services businesses is at an all-time high. Fidor Bank is a fully licensed innovation-driver in that segment, offering global peer to peer banking via the development of FidorPay Account. Global Peer-to-Peer Banking By adopting the core DNA of web 2.0, peer-to-peer banking at Fidor Bank is an online based system that allows individual members to complete financial transactions of different kind (lending, financing, trading, advise) with one another by using FidorPay Account. As a technical platform and eco-system, FidorPay Account is open to third party innovations and offers. Together with the users of the Fidor Community, Fidor Bank drives financial services innovation which then is asked by B-to-B Partners. B-to-B and Lending are Main Drivers Besides servicing retail customers, Fidor Bank is focussing on the b-to-b Business. The B-to-B segment and lending are the strongest drivers of Fidor Bank´s revenue growth.
In today´s world, trust is the main issue to a Bank. Fidor Bank Vision & Name and Claim Fidor Bank is the trusted partner for storing and sending digital assets. Company´s Name Company´s Claim „fidor“ = latin form of fidere „Banking with Friends“ „I am to be trusted…“
Fidor Bank covers today´s (digital) Lifestyle in a unique combination. Fidor Bank = Innovative Banking + Global Payment + Community Global Payment Community Banking
Fidor Bank operates within fast and steady growing Markets. WEB 2.0 GAMING Regaining Trust as a Bank by: - Part of Digital Lifestyle - Integration of web 2.0 behaviour - Strong growing, international market - Interactive users/Community Global - High need of regulated services- Integration Customers in value chain Payment - In-Game shopping - Peer to peer Functionalities - Virtual Currencies - Transparency - Growing Importance - Part of Digital Lifestyle Community Banking - Higher social media activity - Growing market segment - Always online - Digital goods, content etc. - Future Growth estimated 14% p. a. MOBILE INTERNET E-COMMERCE
Fidor Bank Group serves B-to-B and B-to-C customers. Community driven Development used by Partners Fidor Bank Group B-to-B B-to-C - Corporate Accounts - Community - Third Party Integration - Primary Banking (Apps) Relation: Fidor Pay - Franchise Account including: - Whitelabel - Payment - Loan Cooperations - Deposits and Loans - Payment Service - MasterCard - Tec Service - And more…
Fidor Bank Business Model: 2 Customer Groups, 2 Sources of Revenues. B-to-B and Lending are the main Revenue-Drivers. Fidor Bank Group Interest Income Commission Income - International Retail Payment - International Retail Lending Transactions Business - FX B-to-C - Interestrate payd on Account - Precisous Metals - Saving Certificates - Virtual Currencies - MasterCard - Corporate Accounts - Granular recievebles out of e- - Payment Partners commerce business e. g. via - FX payment against installment or - Banking Licence Partners against Invoice - Whitelabel Partners B-to-B - International Portfolio cooperations - Franchise Partners - Corporate Overdrafts - Integration of third Party Offers - Interestrate payd on Account (APPs) via Fidor Pay Account Platform - MasterCard Whitelabel
Fidor Bank Group covers all strategic relevant areas Fidor Bank Group: Tec enabled Financial Services & Banking as a Service Fidor Bank: Tec Enabled Financial Services Fidor Bank AG Retail Business , Treasury, Balance Sheet German Retail Banking; German Corporate Offer Fidor Payment Services: FidorPayS Payment Service Provider International Customers Cooperation with Bertelsmann Arvato Fidor Technology Solutions: FidorTecS - Banking as a Service - Banking and Payment Software and application - International Roll Out of Fidor Technology
Fidor Bank thinks and is different! Fidor Bank Retail : Driving Innovation! Crowdsourcing, e. g. with a user-community, that allows peer-to-peer support, sharing of experiences and cooperation in order to solve financial questions; Crowdfunding, e. g. by getting paid by the bank for specific social interactions within Fidor Bank Community; User co-designed Products and user driven Prices, e. g. Product suggestions within the community, „Zins-Consenus-Group“ within Fidor Bank Community, „Like-Zins“, an interest rate that is directly connected to the amount of Likes on Fidor Bank´s Facebook profile. Crowdfunding, via third party platforms such as startnext and others; Peer to peer lending within FidorPay Account; A global payment offer, that will allow „account to account“ payments or „account to cash pick up“. Virtual Currencies, that allow participation in alternative/digital environments like Games and Social Media
Fidor Pay Konto: Tec-Platform and Eco-System enbling Cross Selling. Fidor Pay Konto Eco System In Flow Ordering of Prepaid Cards and Usage Alternative Inflow Cash Flow from and to Third Party such as Offers (Apps) Sofortüberweisen and Giropay Set Up and Management of Saving Products and Loans Exchange and Management of Foreign Currencies Buy and Sell of Precious Metals Out Flow Upload Prepaid Mobile Phone
Fidor Bank knows how to combine social media DNA with banking. „Like Zins“ is the world´s first user driven interest rate Simple Principle: The more „LIKES“ Fidor Easy Handover: Fidor Bank is Germany´s first Bank on Facebook, the higher the interest bank supporting the user to register with a rate for all FidorPay Accounts. facebook connect process.
Feedback to Fidor Bank´s Approach, Culture and Strategy. „… Lassen Sie mich aber vorab schon mal sagen, dass die Idee und Umsetzung der Fidor Bank für mich eine wirklich tolle Geschichte ist und alles was im Netz im Moment im Bereich "Social Media" unterwegs ist bei weitem übertrifft. Die gesamte Strategie ist durchdacht und stringent umgesetzt und befriedigt die Bedürfnisse des Marktes in einem hohen Maß. Für mich als Außenstehenden ist die Fidor Bank ein "Great Place to Work" mit einem sehr anspruchsvollen, glaubwürdigen und vertrauensvollem Ansatz. In ihrem Unternehmen wird die Idee Social Media wirklich verstanden und glaubhaft gelebt….“ Aus einer e-Mail an M. Kröner
Thank you! Contact: Nick Riegger, firstname.lastname@example.org
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