The second-largest French bank acquired Fidor Bank, the popular German digital startup, last month for an undisclosed sum. François Pérol, chairman of Groupe BPCE, said the acquisition would help the bank "develop a customer-centric approach enabled by a digital banking technology and to be more involved in digital and mobile banking field."
BPCE also plans to offer Fidor's proprietary digital banking platform, which facilitates banking through application programming interfaces, as a white-label service.
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