Fidor Bank, Germany-based Web 2.0 Bank, has inked a deal with an undisclosed local bank to launch in the US.
Fidor CEO Matthias Kroener said,"For Fidor Bank, this project is an outstanding opportunity and a further step in the global roll-out of the Fidor brand and Fidor vision.Even though the US is the motherland of all innovative digital developments, we see some striking market opportunities for a consumer-centric banking philosophy and product."
At the same time, the bank is also in the final stage of preparations for launching operations in the UK.
As a regulated bank, Fidor is a regulated bank and can operate its banking license in all EU-member countries.
In order to create fully compliant alliances in other regions, the lender will have to depend on entrepreneurial and consumer-centric banking partners with stellar regulatory records.
Fidor aims to develop into the EU region (including UK), US and BRIC countries in the coming few years, implementing its Better Banking for Anybody and Web 2.0 Banking model.
It also aims to implement a money-transaction network strategy which will help customers send money globally in real time at reasonable rates.