CEC Bank Partners with Temenos for Banking Tech Overhaul
In January 2025, Romania’s state-owned CEC Bank announced a collaboration with Temenos to modernize its retail and corporate banking systems. The initiative is designed to enhance digital banking capabilities and deliver improved customer experiences.
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UniCredit Acquires Majority Stake in Alpha Bank Romania
In November 2024, UniCredit completed the acquisition of a 90.1% stake in Alpha Bank Romania. This move significantly strengthens UniCredit’s presence in the Romanian banking sector and broadens its customer base.
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FintechOS Secures $60M in Series B+ Funding
In June 2024, Romanian fintech company FintechOS raised $60 million in a Series B+ funding round. The investment will fuel its international expansion and the continued development of its platform, which helps financial institutions accelerate digital transformation.
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Instant Factoring IFN Boosts Lending with EIF Support
In June 2024, Instant Factoring IFN, a Romanian fintech focused on micro-business financing, received a RON 5 million (€1 million) subordinated loan from the European Investment Fund (EIF). The funding will strengthen its capacity to support underbanked micro and small businesses.
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Romanian Open Banking Initiative Launched
In July 2023, the Romanian Fintech Association (RoFintech) launched the Romanian Open Banking Initiative. The program is designed to encourage collaboration and innovation in the financial sector by supporting open banking adoption across the country.
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