Fidor Wins Gold For 'Best Neobank' on ADIB's moneysmart Digital Community at Efma Accenture Awards

•Awarded for the bank's partnership with Abu Dhabi Islamic Bank (ADIB), the region's first digital community for personal finance


DUBAI, United Arab Emirates and MUNICH, /PRNewswire/ --

  • Award winners celebrated at a ceremony in Lisbon 

Fidor won Gold in the category of 'Best Neobank' at the Efma Accenture Awards for the moneysmart digital community that was launched by ADIB in partnership with Fidor. The awards were held in Lisbonon 17 October.

The awards are part of the Efma - Accenture Banking Innovation Programme, which aims to identify and celebrate the most innovative projects in retail banking. Fidor was chosen for its community-based approach, which was made fully Shariah compliant for the Middle East region. ADIB's moneysmart launched a community in the UAE, similar to Fidor's European community, and leveraged Fidor's digital open banking software platform, fidorOS.

Today, the moneysmart community is open and thriving, and is designed to be highly interactive. It will carry articles, blogs, tips and comments from users, who can receive cashable reward points for their input. Independent experts will be on hand to provide their knowledge and objective advice.

Fidor wants to re-establish confidence in banks while empowering consumers with the most relevant services and products. Its new approach to financial services in the digital age address issues that challenge traditional banks. Fidor believes in openness, fairness, and a community-based approach to their decision-making. Because of this, it has defined a completely new banking relationship for digitally-savvy consumers and businesses.

Fidor Bank received its full banking license in May 2009. It launched into the UK in 2015 and has over 800,000 community members globally.

Philip King, Global Head of Retail Banking, ADIB, commented, "We're so glad that ADIB's moneysmart community has been recognized by Efma. The online community brings openness to the world of personal finance and is in line with our objective to guide people to make better financial decisions. Through the platform, customers can talk about financial issues, exchange advice, and create solutions. Fidor's technology enables our customers to feel engaged with many aspects of modern living that are tied to personal finance, from smart tips for saving when travelling, to big life decisions, such as buying a house."

Matthias Kröner, CEO, Fidor Group, said, "We're thrilled to win gold in the category of 'Best Neobank'. It's truly an honour to be recognised as the best new business in the space, and our work with ADIB is the perfect example of how we're striving to change fintech and bank partnerships, while also making banking more transparent and accessible for customers all over the world."

Ge Drossaert, Board Member, Fidor Group, commented, "Banking should enable consumers to do more, to take control of their financial lives, and it should fit around their lifestyles. We at Fidor pride ourselves on our community - they're our source of inspiration. Our customers tell us what they want, and enable us to stay ahead of the curve, ensuring we're always the best in the business."


© Press Release 2018

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases