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The Fidor Bank Story - Banking with friends
Frank Schwab, CEO
ABTEC
April 2014
Financial crisis 2009
Lost of trust in banks Tr
ust
100
0
2004 2014
Bahrain, Feb 2011
Source: Wikimedia Commons
New York, USA, October 2011
Source: Wikimedia Commons
Frankfurt, Germany, October 2011
Source: Wikimedia Commons
Number of US banks
Source: FDIC
1990 2011 2000
16,000
8,000
Number of German banks
Source: Deutsche Bundesbank
1990 2011 2000 0
2,000
4,500
Source: Deutsche Bundesbank
1995 2011 2003
Number of German bank branches
0
40,000
70,000
There is a need to change the relationship
between customer and banks
Disruptive innovation
Wikipedia
is an innovation that helps create a new market
If I had asked people what they wanted, they would have said faster horses.
“The future is always here - it’s just not evenly distributed yet.”
William Gibson, Fiction Novelist
Digital Natives
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
Digital lifestyle
And banking?
Trust
Loan
s
Tran
sfor
mat
ion
Inve
stm
ents
Pay
men
ts
Customer
Trust
Loan
s
Tran
sfor
mat
ion
Inve
stm
ents
Pay
men
ts
Customer
Banking with friends
Community
Transparency
Sharing
Rate bank advisors
Rate products
Raise & answer questions
Get money for
250,000
CpC < 20 €
Trust
Loan
s
Tran
sfor
mat
ion
Inve
stm
ents
Pay
men
ts
Customer
Emergency money
Peer to peer loan via SMAVA
Trust
Loan
s
Tran
sfor
mat
ion
Inve
stm
ents
Pay
men
ts
Customer
Trust
Loan
s
Tran
sfor
mat
ion
Inve
stm
ents
Pay
men
ts
Customer
Email
Twitter
Mobile number
Real time
And next?
Context
Banking Next
Do you want to buy a new B&O TV set? We can help you.
18 €
53 € 17 €
Source: Google
Technology?
The need for new Banking IT Platforms
Google
Apple
IT Intensity
IT cost per user
200
Tier 1/2 Bank Google
3,4
Facebook
3,8
eBay
7,4
[in USD p.a.]
# Web APIs
2000 2005 2014
>10,000
0
programmable web
There are already 451 financial APIs
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