FidorTecS AG—a software company for the banking sector—is a fully owned subsidiary of Fidor Bank AG, an online banking system that employs Web 2.0 technologies to drive financial services innovation in internet payments; peer-to-peer lending; financing; and trading; as well as crowd funding, or virtual currencies. As consumers develop behavior patterns for using social media tools, they also look for new ways to interact and engage with banks. FidorTecS acknowledges these changes and offers a one-stop solution to help financial services providers and companies across all industries to complement their commerce systems and make sure technical development keeps pace with the speed of the market—thanks to one of the most innovative banking and community-applications platforms in the industry.
“MySQL Enterprise Edition includes the most comprehensive set of advanced features, management tools, and technical support in the market and plays an essential role in our innovative banking applications. It is simple to use and to develop on, is cost-effective, and meets our technical requirements perfectly—contributing significantly to the fact that we will reach breakeven one year ahead of schedule,” said Andreas Hellwig, CIO, FidorTecS AG.