CEC Bank’s Mobile Banking app allows payment initiation from accounts opened at other banks. CEC Bank moves to the next level in open-banking and launches initiation of payments from accounts at other banks through its Mobile Banking application. „CEC Bank is the first bank in Romania to allow the initiation of payments through Open-Banking. In a first phase the service being available for customers with accounts at Banca Transilvania, Raiffeisen […]
Arturo Gonzales Mac Dowell will deliver the keynote speech in the opening of the NOCASH Gala, themed “Embedded finance & the future of banking”. Arturo is the President & CEO of Eurobits Technologies – „the dean of open banking in Europe” as he likes to describe his company. In 2004, as general manager, he was assigned the responsibility of launching and managing Eurobits Technologies*. Arturo is a fintech banking expert […]
Visa today announced it has signed a definitive agreement to acquire Tink, a European open banking platform that enables financial institutions, fintechs and merchants to build tailored financial management tools, products and services for European consumers and businesses based on their financial data. Visa will pay total financial consideration of 1.8 billion Euros, inclusive of cash and retention incentives, to acquire Tink. Through a single API, Tink allows its customers […]
Smart Fintech launches SmartPay, the first alternative payment solution through Open Banking authorized by NBR in Romania. The fintech aims to execute in 2021 a number of several thousand payments per month through the SmartPay solution and expects the Open Banking competition to start in Romania. The new Open Banking system brings significant changes to the traditional financial market. At the European level, the demand for Open Banking services is […]
For Romania, due to the low interest in this area, the best way to move forward would be to set-up an OBIE-like entity to standardise technical requirements and consumer journeys. This would ensure that all industry participants are aware of the direction of the ecosystem. „Any other approach would be too slow to deliver considerable benefits in a reasonable timeframe,” according to a Yapily report. Open Banking usage has increased […]