Effective immediately, Fidor AG and GFT Technologies SE have reinforced their cooperation and signed a strategic partnership agreement to focus on developing mobile financial and banking apps, as well as related sales and marketing activities. This is an initial step to shape the next generation of digital banking within a strong co-operative network. One main pillar will be the use of GFT’s Digital Innovation Labs, where both parties will combine their expertise to develop ideas, innovation and prototypes. The team will use an agile development approach to make the prototypes market-ready, and the resulting products will be launched to market as quickly as possible. GFT and Fidor have already developed the new O2 Banking solution together, which offers Germany's first mobile-only, full-service bank account. The app is now available within Apple’s App Store.
The partnership also includes the sales and marketing of Fidor Operating Systems (fOS). “Both parties had very positive experiences together during our first cooperation, O2 banking. It’s simply a matter of logic to continue working together. Our cooperation with GFT will allow us to be even more efficient in developing new offerings for the future of mobile banking", says Matthias Kröner, CEO of Fidor AG. “We’ll be pursuing new paths together primarily in the areas of prototyping and international sales". After the recently announced acquisition by the second-largest banking group in France, BPCE, the Fidor Group plans to not only develop domestic markets and expand internationally, but continue focusing on technological advancement as well. “We’re well-positioned for the future and we want to be the leaders in innovation so that we can continue to spearhead contemporary banking”, adds Kröner.
GFT is a renowned industry specialist in the financial services sector, operating worldwide with a team of 4,500 employees in 12 countries, supporting leading banks and insurance companies with advisory, creative and technology capabilities. Marika Lulay, COO of GFT Technologies SE commented, “The market for IT digitalisation solutions continues to grow – particularly in the financial sector. GFT has almost 30 years of experience in implementing complex IT projects. Fidor will ideally complement our solutions portfolio in the digital banking area, and this new cooperation seems to be a perfect match”. GFT’s Innovation Labs are already a proving ground for today and tomorrow’s digital banking environment. “Everything revolves around co-innovation, ensuring that all key stakeholders are included in the design of the customer experience right from the very start. We’ve got a lot of plans to shape the digital future of banks!”, adds Lulay.
Customer needs are changing fast as the possibilities of digitalisation continue to grow – the Fidor / GFT partnership is more than a matter of keeping pace, it is about shaping new developments for the long term.