Orange Bank, the bank from French Telecom group Orange, was launched a few months ago to help shake up the banking world; with more banking being done on mobile devices and the advent of PSD2 the company thinks it is well positioned to go head to head with banks; they have seen companies like Alibaba and Tencent disrupt finance in Asia and there has been talk of big tech coming into banking too, as a telecom they feel like they were perfectly positioned to make the move; Orange has seen early success and they are looking to soon add consumer lending, mortgages and insurance. Source.
Orange Bank has already onboarded more than 100,000 customers since launch, only Revolut and Boursorama, Société Générale’s digital banking arm have made more progress in the same timeframe; this continues the wider trend across Europe as digital banking becomes a bigger part of the financial services ecosystem. Source.