Will a big bet on banking pay for Orange – and other telcos?

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The launch of Orange Bank in November 2017 begs the question as to whether other telcos should also be pushing much deeper into financial services, as new regulation and the rise of smartphones disrupt traditional banking.

Description

Format: PDF filePages: 27 pagesCharts: 04Author: Amy SimpsonPublication Date: May 2018

Table of Contents

  • Executive Summary
  • Technology and regulation rock banking
  • Recommendations and takeaways
  • Introduction
  • How consumer financial services is changing
  • Smartphones drive fintech adoption
  • New regulation to shake up payments industry
  • Banks under pressure to innovate
  • Orange Bank, a mobile-first proposition
  • Incumbents’ response to Orange Bank
  • Telcos’ track record in financial services
  • The developing world
  • The developed world
  • Conclusions and Recommendations
  • Orange Bank looks promising
  • Telcos have multiple options in the banking market
  • Recommendations and takeaways

Table of Figure

  • Figure 1: Orange Bank provides customers with a breakdown of their spending
  • Figure 2: Orange Bank is clearly differentiated from existing banking services
  • Figure 3: Many reviews of the Orange Bank App are critical
  • Figure 4: The global mobile money industry is still expanding quickly

Technologies and industry terms referenced include: banking, Data analytics, Financial Services, fintech, GDPR, Orange Bank, partnerships, PSD2, regulation, unified bill