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 is a large French telecom company located in France; users will be able to create an account in an Orange store or completely online; service will be open to non-Orange customers; there will be no monthly fees provided users use their attached payment card; Orange has also partnered with IBM's Watson to provide user support and is also working to add insurance products and loans to the service. Source
Orange is a large French telecom company and recently announced plans to launch their own bank; the company is hoping to capitalize on the movement to online banking and is the first telecom company to launch a bank; they are targeting 2 million clients in ten years which would represent 25% of the online banking market; 25,000 of their current customers have expressed interest in the new offering (out of its 21 million mobile clients). Source