TheCurrencyCloud.com Adopted by Fidor Bank

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TheCurrencyCloud.com, the SaaS/PaaS currency firm has been adopted by German Bank, Fidor Bank AG.

Our integration with thecurrencycloud's API has enabled us to rapidly expand our business to include foreign exchange and payments without costly capital expenditure.

TheCurrencyCloud.com, the SaaS/PaaS currency firm is pleased to announce that its currency and payments API has gone live with German Bank, Fidor Bank AG.

Fidor Bank provides online banking and eWallet payment services to its client based of 40,000+ and in the near future will include digital companies in the publishing, entertainment, gaming, telecoms and social networks industries.

Through integration with TheCurrencyCloud’s APIs, Fidor Bank now has the first World's first multi-currency banking-regulated eWallet product (FidorPay Account) that allows Fidor Bank clients to buy currency and make payments in GBP, USD, CHF, NOK, TRY, PLN, AUD, NZD.

“The multi-currency FidorPay Account is part of our continued expansion to strengthen our ‘Digital Payments for a Digital Lifestyle' mission” says Matthias Kroner, CEO of Fidor Bank AG. “Our integration with TheCurrencyCloud’s API has enabled us to rapidly expand our business to include foreign exchange and payments without costly capital expenditure. It was a quick and simple process that has successfully enabled us to improve our services to our customers.”

Nigel Verdon, CEO and founder of TheCurrencyCloud.com says “What we offer is the latest in technology for the currency and payments market and we are delighted that Fidor Bank has used us to expand their eWallet product internationally. TheCurrencyCloud.com is suitable for any company looking to generate revenues with currency-based products or to reduce their own currency costs. What customers like is the simplicity, minimal capital expenditure and a fast time to market.”

For more information contact Martina Doherty
E: martina(at)md-comms(dot)com T: +44 (0)7951 057146

About TheCurrencyCloud.com
TheCurrencyCloud.com offers SaaS (Software as a Service) and PaaS (Platform as a Service) access to global currency markets and international payments.

The SaaS offering is effectively a ‘broker in a box’ white-label solution, which enables any organisation to start a currency business quickly and cost effectively. It can be branded in the company’s own identity, so it appears as their own platform, powered by TheCurrencyCloud.com. The PaaS offering is a rich set of currency and payments APIs aimed at firms who wish to integrate directly with TheCurrencyCloud.com to develop their own custom currency applications and/or integrate directly with existing systems.

TheCurrencyCloud.com (a trading name of FX Capital Securities Limited) is an FSA-authorised payments institution backed by Anthemis Group – a leading investor in “digitally native” financial services companies – and City of London Group – an LSE-listed financial investment company.

For more information visit http://www.thecurrencycloud.com

About Fidor Bank
Fidor Bank AG is a Munich-based licensed German Bank which offers services and products specifically created for Web 2.0, offering a simple, quick all-in-one solution system for modern web users.

Users of Fidor Bank AG interact within FidorBank’s online community. Users receive rewards for social interaction and they have the freedom to decide, whether they want to cover their financial needs with the bank or with other users (peer-to-peer)

The technical backbone of Fidor Banks product world is the FidorPay Account includes an e.wallet, multi-currency, precious metals and peer-to-peer functionalities. FidorPay Account can be accessed via web and iphone app.

For more information
FIDOR Bank AG | Nick Riegger | Sandstraße 33 | 80335 München | Germany
Tel.: +49 [0] 89 - 18 90 85 157 | Fax: +49 [0] 89 - 18 90 85 199 |info(at)fidor(dot)de |

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Martina Doherty
MD Marketing & Communications
(+44) 7951 057146
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