From the juxtaposition of traditional banking with digital technology to the pace of innovation in financial services, technology has transformed the very essence of a bank. One such mover in this sector is Fidor Bank, operating from Munich, Germany, pulling all the stops to redefine what it means to provide customer-centric banking services worldwide.
Founded in 2009 by Matthias Kröner, Fidor Bank aimed to reinstate lost confidence in banking services through innovative, customer-focused approaches and products. Now serving about 100,000 clients and 300,000 community members, the FinTech company has set the bar high for comprehensive and efficient digital banking.
Key Takeaways
- Founded in 2009, Fidor Bank currently serves around 100,000 clients and more than 300,000 community members.
- Operating from Munich, Fidor Bank has redefined customer-centric banking services through innovation and transparency.
- Fidor Bank’s current products range from basic bank accounts and savings bonds, to various lending offers, all accessible from the same bank account.
- The bank has been globally recognized for its disruptive approach and use of social media, including receiving the “Global Growth Company” award from The World Economic Forum and Celent Banking Model of the year 2015.
What Differentiates Fidor Bank?
The extraordinary part of Fidor Bank is its deft use of digital strategies to create a dynamic banking system. The cornerstone of Fidor Bank’s business model is its emphasis on the customer digitization. They’ve taken the conventional banking system and added a layer of interactivity which not only empowers users but also simplifies financial management.
Beyond that, Fidor Bank stands out for its transparency and active engagement with customers. By integrating social media into their business model, Fidor has created servicing channels that are more efficient, affordable and customer-friendly. This innovative combination of banking and financial services, technology, and customer involvement truly sets Fidor Bank apart.
The Future of Fidor Bank and the Industry
With its customer-centric approach and integration of digital technology, Fidor Bank is paving the way for the future of banking. The bank has been awarded multiple global recognitions for its innovative model, which demonstrates the potential for success and growth in the digital banking industry.
As we look towards the future, digital banking seems to be the predetermined path many financial institutions are treading. Thus, Fidor Bank’s innovative model provides useful insights for the banking industry. For more information on Fidor Bank’s services, follow them on Twitter, Facebook, or LinkedIn. Visit their website for a deep dive into their services.
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