Launch Germany’s first mobile-only, full-service bank account

  • With almost 43 million customers in Germany under the brands O2 and E-plus, telco operator Telefonica decided to enter the mobile banking market, to stay ahead of competitors also moving into the financial services space
  • The new bank will operate under a distinct business model, rewarding customers with an additional volume of data for their smartphone instead of traditional interest rates

Develop a native mobile banking solution supported by Fidor Bank

  • Through a partnership with Fidor Bank, Telefonica can offer a fully-fledged banking service, without having to develop a banking infrastructure or obtain a banking licence
  • GFT and Fidor jointly developed the new O2 Banking solution
  • The solution includes native apps for iOS and Android, leveraging the specific features of each device and operating system

Award winning mobile bank launched in record time

  • O2 Banking was ready to launch in record time. It started its operations in Germany in the summer of 2016
  • Initial response from the market was extremely positive. The new bank received the Handelsblatt and Euro Forum 2016 DIAMONDSTAR award in the area of Digital Banking