Fidor tecs

Fidor TecS AG

Delivering Disruptive Banking!

The Future is NOW!

„The Fidor Smart Account kills the tradi6onal bank account, like the smartphone killed the mobile phone.“ Ma#hias Kröner – CEO Fidor Bank Group

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Confiden'al Informa'on

I.  Fidor Bank: Facts & figures

II.  Fidor Bank‘s business model

III.  The applica'on IV.  fidorOS

V.  fidorOS sells

VI.  fidorOS partner opportuni'es

Bank licence in December 2009 Community users > 300,000 In account app B2B partner > 10 Full KYC customers > 65,000 SME customers > 3,000 Loan book > 185 mEUR Deposits > 232 mEUR Costs per new customer (CpC) < 25 EUR IT costs per user per year < 12 EUR

Fidor Bank – Facts & Figures!

August 2014

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V.  fidorOS sells


Fidor Bank focuses on digital banking behaviour

Source: SINIUS 2011

Digital strategy

Fully Digital

Flexible Product Plattform

Customer Centric Banking

Time-to-Market

Convenience

Security und Compliance

Complete end-to-end processes without media disruption High degree of automation

Flexible product model: products as combinations of simple basic elements API-approach instead of separate silos Personalised frontend Semantic services Integration of Social Media Entirely digital product cycle Guarantee of fast release cycles through automation of IT-processes 100% real time UX-Design from the customer‘s point of view

High Level of Security has to be guaranteed even with short release cycles Balance between Security and Convenience

Requirements for the banking core systems

Starting point for digital banking is the digital strategy, posing new requirements to the banking core systems.

Payment

Community Banking

Smart Community

Smart Payment

Smart Banking

•  Question & Answers •  Product Ratings •  Advisor Ratings •  Profile Comparisons •  Group Discussions •  Product Suggestions •  Surveys …

PLUS: Unique bonus-scheme rewarding social interaction.

•  Saving Certificates •  Loans (including Emergency Loan &

Overdraft) •  FX Trading •  Precious Metals

PLUS innovative solutions such as: •  Crowdfinance •  Peer to Peer Banking (lending and

options) •  Virtual Currencies

Combining Banking & Community

Covering the major financial needs of a digital customer: -  Independent support instead of sales (push) -  Alternative financing and investing solutions by

integrating 3rd party offers instead of proprietary product range

-  Speed banking instead of slow banking -  Collaboration instead of black box

•  Connect to Bundesbank (BIC / IBAN) •  SEPA Payments •  Closed loop transaction •  Transaction layout can be customized •  Global Money Transfers •  Card (MasterCard Issuing Licence) •  Sending money to e-mail address, phone

number, twitter domain

•  “community personal finance management”

•  Peer to peer comparisons of transactions or assets allow improvements

Customer

Fidor combines community & payment & banking and provides additional value and freedom of choice to the retail and corporate customer – the bank is build around the digital customer.

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V.  fidorOS sells


The fidor smart community is unique to banking. Instead of going to a branch and relying just on the advise of my financial adivser, I can ask the community.

Power of the Community - > 300,000 user!

The Cash-‐Manger allows me to manage all my In-‐Account Apps and to handle my transac'ons in a smart and easy way. Finally there is a bank that accommodates to my needs – from Crowd-‐financing to Social Trading. I am a workaholic, so I don‘t have much 'me. With Fidor I can execute most of my banking services within 60 seconds.

Smart, Fast, Fidor SMART Account!

BrokerBa#le to come with Bitcoin underlying. Scope of Bitcoin CooperaCon

Fidor Bank combines “peer to peer op'oning” with a virtual currency, crea'ng the worlds first user created op'on on bitcoin.

•  Exclusive Licence shelter (Hahungsdach) for Bitcoin.de Exchange in Germany and for kraken/payward Bitcoin Exchange in Europe.

•  Genera'ng constant revenues via Licence coopera'on pl. transac'on-‐related revenues.

•  Integra'ng Bitcoin transac'ons and a view to the assets into fidor cash account.

•  Combina'on of Brokertain´s BrokerBalle and Bitcoin: User created op'on on Bitcoin allows to e. g. shorten Bitcoin, if counterpart is found.

•  Bitcoin Exchanges as interna'onal distribu'on partners.

•  Extremly posi've impact an brand and web reputa'on. Bitcoin transac'ons at bitcoin exchanges will be

shown separatly in Fidor Smart Cash Account, however no storage of Bitcoins at Fidor Bank.

Fidor Tec´s leading innovations for financial services: The Bitcoin Showcase

It is important to me to have a complete overview of my asset allocaCon. This includes money I lend from third party services like Smava and a lot of other great plamorms. One more thing: Fidor even implemented virtual currencies, so I can see my investments in Bitcoins.

At a Glance – Fidor aggregates a great variety of new asset classes!

8:00 am TV News about Gold:

Asking the community to buy or not to buy?

10:00 am Backing a crowdfinance

project: „Ecofriendly Coffee“

1:30 pm Paying back in real-‐Cme my colleague via twi#er:

Great Lunch, Joe!“

3:00 pm Going short on a Bitcoin by beWng 50 USD against

my boss

5:00 pm Buying 1,00 oz silver with only one mouse click!

Thx Community!

11:30 pm Applying for a short term loan on my smartphone.

#AwesomeParty

How does a typical day of your customer

look like?

Fidor – the lifestyle bank!

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V.  fidorOS sells


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 Ba

ck E

nd

REST

ful A

PIs

Technology

HTML5 / Native iOS, Android

Ruby/ Ruby on Rails/ MySQL

MQ Series

CBS specific

Bonus Third party

Third party apps / in account apps

General Admin

Core

Activities

Security

fidorOS

Transaction

Authorisation

Customer

Booking

...

fidorOS is modern, modular, open, API-based and free of any legacy code.

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Real 'me booking, payments, loans, …

Aggrega'on of tradi'onal assets and new P2P & social banking products

Convenient transfer of money, deposits, currencies via twiler, mobile number, email

Virtual currencies like Bitcoin, Ripple, …

Open API provides powerful and easy to understand, to setup and to use interface to access all fidorOS func'ons

FOXI Financial Open eXchange Ini'a've provides standardized formats to create applica'ons within fidorOS

Alterna've assets e.g. Miles & More points, precious metals, …

Plus -‐  Mul' language ✔ -‐  Mul' currency ✔

-‐  Mul' country ✔

-‐  Mul' CBS ✔

-‐  White label ✔

fidorOS combines general banking functionality independent from country specifics with social banking services in an unique way

Data backup on disk and tape in a separate DC location with 6 km distance to the other DC

High performance layer 2/3 firewall cluster with additional full scope IPS and IDS functionality

High performance layer 7 WAF (Web Application Firewall) cluster with additional intelligent self learning load balancer functionality

Firewall controlled web DMZ Load balanced web server nodes with extended SSL certificates and strongest SSL security setup (SLLlabs Rating A+)

Firewall controlled APP DMZ Load balanced application & service server nodes

Firewall controlled DB Server DMZ High performance n-node active-active DB cluster nodes with real time date replication

Data Center Strategy All live and performance relevant systems do have a complete redundant, real time mirrored DC setup in two different DC locations, or as a minimum requirement in two separate fire areas within the DC

fidorOS Code Security Strategy The fidorOS code itself is written with special attention to prevent any security leaks like cross-site scripting and SQL injection. Input fields are always validated.

Layer 2/3 Entry Firewall

2 x 1 GB Redundant Internet Access 2 x 1 GB Redundant Internet Access

Web Server DMZ

Layer 7 Firewall & Load Balancer

Application & Service Server DMZ

Database Server DMZ

fidorOS / Housing & Infrastructure Security

Data Backup

fidorOS: state-of-the-art infrastructure & security

API Banking – build for developers: powerful and easy to understand, to setup, and to use

{ !!"id": "5232",!!"email": "[email protected]"!

}!

GET /users/current

{!!"customers": [!! !{!! ! !"id": "16696412",!! ! !"title": "Herr",!! ! !"firstname": "Patrick",!! ! !"lastname": "Gruban"!! !}!! !]!

}!

GET /users/current/customers

fidorOS APIs Version 1: Objects

20

fidorOS APIs – an excerpt

21

fidorOS API architecture – best practice approach

22

Integrating the Developer Community. Go: http://developer.FidorTecS.com

0

200

400

600

800

1.000

1.200

1.400

1000

Transac'on Crea'on Count

fidorOS scales!

Tier 1/2 Bank Google

3,4

Facebook

3,8

eBay

7,4

200

15

Fidor

[USD]

fidorOS enables low IT costs per user per year.

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V.  fidorOS sells


CBS Fidor

fidorOS

C P B

Web Frontend

Mobile APPs

Web Interface/s

Product-‐ Features

Core-‐Module/s

Opera'ng System (Must be ordered in any case.)

Interface to Core Banking

CBS Fidor

fidorOS

P

Web Frontend

fidorOS

C P B

Web Frontend

fidorOS

P

Example III: Swiss Step 1 Example II: Russia Example I: German Logis'c Company

Fidor Set Up Full Scope Used by Fidor Bank as show case.

Core Banking Level

LAYERS

Partners can make their choice out of a unique and modular Product and Service Tool Box.

Excellent!

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V.  fidorOS sells


Partner opportuni'es I)  App partner – create an mobile/web app on top on fidorOS API

II)  In-‐Account-‐App partner – create an fidorOS applica'on

III)  Implementa'on partner – implementa'on and customiza'on of fidorOS

IV)  Opera'ng partner – opera'ng fidorOS in your data center

V)  fidorOS Reseller

There multiple opportunities to become a partner

Contact

Sandstraße 33, 80335 Munich | Germany E-Mail: [email protected] Web: www.FidorTecS.de Skype: fjschwab Frank Schwab – CEO Fidor TecS AG

Fidor tecs

Economy & Finance

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