The system will operate under the continuous supervision of the Romanian financial regulator BLIK Romania, registered in Bucharest, has obtained authorization for the operation of the BLIK payment system. This decision will enable the development of this system in local currency (RON) and open it to Romanian payment service providers. As a first step, the operator plans to focus on […]

XIGA, an insurtech startup advancing the concept of Embedded Insurance in the Central and Eastern Europe region, and in which LIFE IS HARD holds a 10% stake through LIH Ventures, is launching the first car insurance campaign embedded within the TikTok platform in Romania. This initiative is in partnership with Tudor Bratu, an automotive content creator and former TV show […]

Allevo successfully completes a complex project, supporting 17 banks successfully connect to the new ReGIS system, operated by the National Bank of Romania. These account for half of the system’s participant banks and sum a market share of about 50%. „ReGIS is the national funds transfer system with real-time gross settlement (RTGS) for payments in lei owned and operated by […]

Starting this autumn, new customers, individuals, are one click away from accessing a General-Purpose Loan 100% online. In addition, until 31.12.2023 they can benefit from promotional interest starting with 8.49% on the platform. Patria Bank launched Patria de Oriunde digital platform in 2021 and in first phase, the focus was to offer to new individuals customers 100% online onboarding journey […]

NN paid its insurance clients and private pension funds participants total benefits of 444 million lei in the first half of 2023, up by 24% compared to the same period of last year. NN has thus continued to provide real financial support to clients in unforeseen situations they faced, as well as additional income at retirement, and closed the first […]

EuPlatesc.ro, one of the largest payment processors in Romania, aims at least 150 implementations of the newest technologies in its portfolio, Instant Refunds, dedicated to online stores, and Fast Funds, the fastest online credit granting service in Romania, in less than 1 minute, until the end of the year. Launched last year, the Instant Refunds service allows money to be […]

OTP Bank Romania has successfully submitted and validated the SAF-T (406 Declaration) fiscal control statement, becoming one of the first banks in Romania to meet this reporting requirement. For the implementation of the SAF-T project, OTP Bank collaborated with New Business Dimensions, a company specialized in reporting solutions for the banking sector. Obtaining the first SAF-T D406 declaration involved processing […]

The European Investment Fund (EIF) has signed a €5 million loan to Patria Bank, a Romanian lender specialised in financing small and microentrepreneurs with limited access to finance. The Tier II subordinated loan transaction, backed by InvestEU, will help strengthen Patria Bank’s capital position, thus facilitating further growth and development, with the ultimate goal of improving access to finance for […]

BLIK company, leader on the payment systems market in Poland, is launching in Romania, the second largest market in Central and Eastern Europe. The newly established company, BLIK Romania, will develop a unique and innovative digital payment system in RON that will bring a number of major advantages, including high security and simplifying payments by generating and using an individual […]

Lowering costs and increasing the speed of online payments have become essential in an era of growing price volatility. tbi bank is partnering with Open Banking provider IRIS Solutions to help both consumers and retailers make faster, lower-cost payments. tbi bank will offer the customers and retailers the ability to make and accept account-to-account payments using the services of IRIS […]

Mazars, the international audit, tax and advisory firm has released the fifth edition of its Financial Reporting of European Banks report, which focuses on European banks’ expected credit loss (ECL) levels in H1 2022. The report is based on an analysis of information published in the 2022 interim reports of 26 banks across 11 European countries including the UK, France, […]

EuPlatesc.ro, one of the largest payment processors in Romania, partner with nine banks on the local market, announces the integration of the Apple Pay payment service into its own platform to simplify the payment process in online stores, being a first on the local market of online payment solutions. The company estimates that more than 1 million payments will be […]