Fidor Bank AG
Fidor Smart Current Account

Fidor Bank AG launched Fidor Smart Current Account which supplements classic account services with internet payments and innovative banking products. The true disruption of the Fidor Smart Current Account is based on the Fidor Operating System (fOS), a modular banking, payment and community software developed by FidorTecS AG, a wholly-owned subsidiary of Fidor Bank AG. The fOS supports almost all digital lifestyle activities including a mobile-first approach, real-time banking, peer-to-peer and crowd functionalities as well as the integration of third-party offerings within the framework of an open application programming interface (API)-based infrastructure. Fidor Bank is one of the first banks worldwide to provide these interfaces that allow service providers and programmers to connect. With this approach, Fidor Bank not only provides financial services that primarily have only been available to large companies or other banks but is opening up these financial services for the entire industry, a concept that was not previously conceivable. The fOS used by Fidor Bank is also in strong demand from other companies as a white-label solution that can be configured to their individual specifications thus providing Fidor Bank with an additional revenue stream.