Bite-size Case Study

How Telefónica partnered with Fidor Bank to launch a mobile banking app

Published on May 30, 2019 Originally recorded 2017   3 min
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Bank as a platform conceptually means moving from a point where
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a bank is an entity which builds all of its own products and services, runs those by itself, offers those products and services under its own brand to customers which it seeks to engage with directly and own effectively from a banking standpoint. Moving from that model to one in which a bank may provide only for instance backend transaction or payment services, while allowing another company to build and deliver the frontend customer experience. In fact, that backend platform provider could support many frontend providers with the backend provider in this example specializing in processing volumes, economies of scale, and IT efficiency and the frontend provider specializing in branding, marketing, customer experience. The revenues that have traditionally accrued to banks can be divided in specific ways based on arrangements like this, as can authorization and licensing requirements.
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How Telefónica partnered with Fidor Bank to launch a mobile banking app

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