EY unveils FintechOS partnership

EY has announced an alliance between FintechOS, a financial technology company, and Ernst and Young SRL (EY Romania) to simplify and support the launch of banking and insurance products and the implementation of FintechOS’ fintech enablement platform.

The alliance, which comes as digital transformation has become a top priority in the industry, will blend the EY Romania sector business and regulatory deep knowledge with innovation and implementation  skills and offer competitive edge, scalability and security through FintechOS’ cloud-native platform. 

As businesses increasingly digitalise, customer and employee behaviours change, providing opportunities to build better customer experiences and more efficient business models.

Nigel Moden, EMEIA banking and capital markets leader for EY, said: “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 digitise 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.”

Andrei Ratiu, EY–FintechOS alliance leader of EY SRL, said: “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.

“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 optimised customers and internal journeys.”

Teo Blidarus, CEO of FintechOS, added: “Working alongside EY Romania, FintechOS is excited to offer businesses a technology-driven approach to modernising 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, personalised, efficient, and scalable digital experiences. Ultimately, the goal is to drive growth, improve value for clients, and boost customer satisfaction through digital transformation.”