PwC Romania Teams up with Fintech Finqware

PwC Romania has signed a partnership with Romanian fintech Finqware to help financial departments optimise their internal processes using Open Banking technology.

PwC Romania will include Finqware solutions in its business automation services portfolio to cover the increasing demand of companies in achieving effective cash management, real time accounts reconciliation and treasury management.

Through the FinqTreasury platform, an Open Banking corporate data hub, Finqware is positioned to become the preferred real-time cash management solution for medium to large businesses in Europe. Licensed as a Financial Payment Institution and authorised to operate in 30 EEA countries, Finqware offers both account information and payment initiation regulated services for companies to operate in real time with their accounts across banks, entities or countries. Companies like Nepi Rockcastle, MedLife, SelfPay and Romanian Post already chose Finqware as provider to implement their digital strategies.

Finqware was established in 2018. Backed by institutional investors such as Elevator Ventures, Raiffeisen International venture capital arm, and Gapminder, Finqware is already a preferred provider for open banking technology for the largest banks in Central and Eastern Europe such as Banca Transilvania, Alpha Bank, CEC Bank, and OTP.

(Source: The Paypers)