FINANCE: Later than expected, but better late than never. Orange today officially launches its banking “Orange Bank” and intends to break into the booming segment of “New banks.”
Orange Bank was to open its doors in early July, it will ultimately not be until today, the 2nd November due to some setbacks, mainly bugs to fix. Good, because in banking, any bug can fear for the safety of your hard-earned money. So it is today that Orange launches banking adventure.
100% free and mobile (almost), Orange Bank has shaken the market “neo-banks”, failing to revolutionize. As they said at the beginning of summer of the first test service, Orange Bank takes all known trappings of “neo-banks” such as N26: Payment transcribed live on mobile, very limited costs, blocking / unblocking the blue Card, etc.
However, Orange has two advantages over its main competitors: a virtual helpline available 24h/24h made possible through IBM Watson and IA; and a network of shops that will facilitate the subscription to the service. This could allow Orange to attract customers more quickly. Obviously, being mobile banking, it will also open an account online. The only condition is to make a deposit of 50 euros.