Fidor Solutions has announced its extended partnership agreement with GFT USA, Inc.
The partnership will see GFT USA offer Fidor’s operating platform (fidorOS/fOS) and other services to banks across the Americas.
Fidor – which launched as a digital bank in 2009 – has over 800,000 active community members and operates in Germany and the UK.
In 2016, Fidor extended its offering to include fidorOS, the firm’s Open Banking platform under Fidor Solutions, partnering with banks, telecoms and retailers wanting to launch neobanks.
The partnership between Fidor and GFT covers three key areas:
- Sales and marketing: The partnership will jointly exhibit at conferences, such as Money 20/20 USA.
- Product development: GFT will bring its expertise in user, mobile and desktop experiences.
- Implementation: GFT already has the expertise of implementing the fidorOS platform and will be an advocate as Fidor continues expanding its offering.
Ge Drossaert, board member and group chief commercial officer at Fidor Group (pictured above), said that it was thrilled to have such support towards its solutions across the Americas.
“Recent regulations like Open Banking, and Fidor’s ongoing commitment to greater financial access to customers will only affirm the need for modern API core software in the region.
“To ensure success, it is essential that we continue strengthening these new relationships to leverage a strong local presence – choosing GFT USA, Inc was an easy choice.”
GFT has partnered with Fidor since 2016 in support of Fidor Bank’s mobile app development and O2 banking offering – a white label bank launched together with Telefonica.
Scott Johnson, head of transformation in North America at GFT, added: “Fidor has been a strategic partner of GFT across Europe and we are excited to expand the relationship into America.
“Fidor’s technology and GFT’s expertise in end-to-end digital transformation will offer banking clients robust accelerators bringing digital offerings to market rapidly and efficiently.
“This is especially valuable for small- to mid-size banks and corporates helping them [to] be more nimble and compete with larger institutions.”
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
NAB appoints new group CEO and MD
National Australia Bank (NAB) has named Ross McEwan (pictured above) as its new group chief executive officer and managing director...
The Co-operative Bank extends free SME banking offer
The Co-operative Bank has extended its free banking introductory offer for new SME customers by a year...
Cloud migration: Key considerations for financial services
More than ever, it is imperative for financial services organisations to migrate to the cloud...
Maria Harris set to leave Atom bank
Atom bank has revealed that its director of retail mortgages Maria Harris (pictured above) is set to leave to become an independent consultant in the mortgage market...
Handelsbanken reports 6% surge in UK lending
Handelsbanken has reported a 6% increase in UK lending to £21.4bn in Q2 2019, compared with Q2 2018...
Tandem reveals development of new mortgage product
Tandem Bank has revealed that it’s developing a new mortgage product which will be suitable for first-time buyers...
Goldman Sachs invests €25m in Raisin
Goldman Sachs has provided €25m of funding to Raisin...
The power of partnerships
Since our launch in September 2015, we have proven our ability to innovate in the UK savings market, which has been recognised with various savings awards...
N26 rebrands premium account
Mobile bank N26 has launched a premium accounts product named N26 You...
Sesame adds Investec Private Bank to panel
Investec Private Bank has been added to Sesame’s panel...
84% would change financial services provider due to poor complaints experience
More than eight out of 10 customers (84%) claim that they would change financial services provider due to a poor complaints experience, according to the latest research...