Finance Monthly - May 2023

8 Finance Monthly. The Monthly Round-Up FintechOS PARTNERS WITH EY TO SUPPORT INNOVATION FOR FINANCIAL INSTITUTIONS The EY organization today announces an alliance between FintechOS, a financial technology company, and Ernst & Young SRL (EY Romania) to simplify and support the launch and service of banking and insurance products and support detailed transformation journeys through innovation, business knowledge and the implementation of FintechOS’ fintech enablement platform. As businesses increasingly digitalize, customer and employee behaviors change, providing opportunities to build better customer experiences and more efficient business models. With digital transformation being a top priority in the industry, this Alliance will blend the EY Romania sector business and regulatory deep knowledge with innovation and implementation skills and offer competitive edge, scalability and security through the FintechOS innovative 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 a service customers expect.” Andrei Ratiu, EY–FintechOS Alliance Leader, Ernst & Young SRL, says: “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. Hence, banks and insurance companies will be able to be much faster and more efficient in the market with solid services for new or redesigned products and omnichannel optimized customers and internal journeys.” Teo Blidarus, CEO, FintechOS, says: “Working alongside EY Romania, FintechOS is excited to offer businesses a technology-driven approach to modernizing IT landscapes, resulting in faster time-to-market for new financial products and improved experiences for customers. With this Alliance, businesses can streamline their operating models and speed up innovation with minimal disruption, while delivering seamless, personalized, efficient, and scalable digital experiences. Ultimately, the goal is to drive growth, improve value for clients, and boost customer satisfaction through digital transformation.”

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