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Fidor extends partnership with GFT USA

Martin Greenland | 07:28 Wednesday 24th October 2018

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.”

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