FintechOS partners with EY to boost innovation of financial institutions

By Gloria Methri

The EY organization has forged an alliance between FintechOS and Ernst & Young SRL (EY Romania) to simplify and support the launch of banking and insurance products and support the transformation journey of FintechOS’ FinTech enablement platform.

The alliance will blend EY Romania’s sector business and regulatory knowledge with innovation and implementation skills and offer a competitive edge, scalability, and security through the FintechOS cloud-native platform.

Nigel Moden, EY EMEIA Banking & Capital Markets Leader, says, “This collaboration has the potential to transform how banks operate, from data management processes to product development and customer service. Across Europe, banks have made steady progress to digitalize their systems and processes, but the pace must increase as competition from other industries grows. It is fundamental to invest in innovation and technology to support clients as they tackle numerous headwinds, while always maintaining focus on bringing new products to market and providing service customers expect.”

Andrei Ratiu, EY–FintechOS Alliance Leader, Ernst & Young SRL, added, “To continue supporting the financial service industry digital transformation, EY Romania is thrilled to combine the business and technology capabilities with FintechOS. This alliance reinforces one more time our strategy to collaborate with financial service institutions for long-term value-generation initiatives and support in their strategy, business, and technological endeavors to better address client and ecosystem necessities.”

Teo Blidarus, CEO, FintechOS, said, “Working alongside EY Romania, FintechOS is excited to offer businesses a technology-driven approach to modernizing IT landscapes that result in faster time-to-market for new financial products and improved experiences for customers. Businesses can now streamline their operating models and speed up innovation with minimal disruption while delivering seamless, personalized, efficient, and scalable digital experiences. The goal is to drive growth, improve value for clients, and boost customer satisfaction through digital transformation.”