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The Fidor Bank Story - Banking with friends
Frank Schwab, CEO
ABTEC
April 2014
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Financial crisis 2009
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Lost of trust in banks Tr
ust
100
0
2004 2014
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Bahrain, Feb 2011
Source: Wikimedia Commons
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New York, USA, October 2011
Source: Wikimedia Commons
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Frankfurt, Germany, October 2011
Source: Wikimedia Commons
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Number of US banks
Source: FDIC
1990 2011 2000
16,000
8,000
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Number of German banks
Source: Deutsche Bundesbank
1990 2011 2000 0
2,000
4,500
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Source: Deutsche Bundesbank
1995 2011 2003
Number of German bank branches
0
40,000
70,000
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There is a need to change the relationship
between customer and banks
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Disruptive innovation
Wikipedia
is an innovation that helps create a new market
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If I had asked people what they wanted, they would have said faster horses.
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“The future is always here - it’s just not evenly distributed yet.”
William Gibson, Fiction Novelist
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Digital Natives
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Soci
al s
tatu
s
Orientation
High
Low
Internet distant unsettled
27%
Internet Layman 12%
Responsible established 10%
Skeptic
10%
Carefree
Hedonist 12%
Efficiency Oriented Performer
14%
Digital Sovereign 15%
Source: Sinus 2011
Outsiders
Traditional Modern
Immigrants Natives
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Digital lifestyle
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And banking?
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Trust
Loan
s
Tran
sfor
mat
ion
Inve
stm
ents
Pay
men
ts
Customer
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Trust
Loan
s
Tran
sfor
mat
ion
Inve
stm
ents
Pay
men
ts
Customer
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Banking with friends
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Community
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Transparency
Sharing
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Rate bank advisors
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Rate products
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Raise & answer questions
Get money for
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250,000
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CpC < 20 €
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Trust
Loan
s
Tran
sfor
mat
ion
Inve
stm
ents
Pay
men
ts
Customer
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Emergency money
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Peer to peer loan via SMAVA
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Trust
Loan
s
Tran
sfor
mat
ion
Inve
stm
ents
Pay
men
ts
Customer
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Trust
Loan
s
Tran
sfor
mat
ion
Inve
stm
ents
Pay
men
ts
Customer
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Mobile number
Real time
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And next?
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Context
Banking Next
Do you want to buy a new B&O TV set? We can help you.
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18 €
53 € 17 €
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Source: Google
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Technology?
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The need for new Banking IT Platforms
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Apple
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IT Intensity
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IT cost per user
200
Tier 1/2 Bank Google
3,4
3,8
eBay
7,4
[in USD p.a.]
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# Web APIs
2000 2005 2014
>10,000
0
programmable web
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There are already 451 financial APIs
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CBS Country 1
Community Payments Account
Fron
t End
Web / Mobile
Product- Features
Core- Module/s FidorOS CORE
Interface to Core Banking
Country-specific Core Banking System
LAYERS
CBS Country 2 CBS Country n
Mid
dle
War
e B
ack
End
RE
STf
ul A
PIs
Fidor Operating System (fOS) is API based, modular, future-proof and free of legacy
Technology
HTML5 / Native iOS, Android
Ruby/ Ruby on Rails/ MySQL
MQ Series
CBS specific
Bonus Third party
Third party apps / in account apps
General Admin
Cor
e
Activities
Security
Fidor OS
Transaction
Authorisation
Customer
Booking
...
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FidorOS on top of local CBS
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Fidor TecS AG
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The FUTURE is NOW!
„The Fidor Smart Account kills the
traditional bank account, like the
smartphone killed the mobile phone“.
Matthias Kröner, CEO Fidor Bank Group