Orange gets green light for mobile bank - Mobile World Live

Orange gets green light for mobile bank

05 OCT 2016

Orange received approval from French financial regulator ACPR and the European Central Bank to take a controlling stake in Groupama Banque.

The French operator now has the green light for its ambitious mobile banking plans, which involves rebranding Groupama Banque as Orange Bank from the start of 2017.

Orange, which announced it was buying 65 per cent in Groupama Banque earlier this year, intends to launch its bank in the first half of next year and aims to attract more than two million customers in France.

andre-coisne-400x250To this end, it has appointed Andre Coisne (pictured) as CEO of the bank. Orange Bank is part of the Orange Group’s customer experience and mobile banking function, which is led by Marc Rennard, deputy CEO.

Coisne, who has a background in the financial services industry rather than working in telecoms, has been in place for four months.

Author

Richard Handford

Richard is the editor of Mobile World Live’s money channel and a contributor to the daily news service. He is an experienced technology and business journalist who previously worked as a freelancer for many publications over the last decade including...

Read more

Related

Tags