EY has entered into a collaboration with FintechOS, a financial technology company based in New York and London with a portfolio of partners including Deloitte, PwC, Groupe Société Générale, Admiral Group, BPCE Oney and eMag.

This collaboration aims to simplify and support the launch and service of banking and insurance products and aid detailed transformation journeys through the implementation of FintechOS’ fintech enablement platform.

The alliance will combine the EY Romania sector business and regulatory knowledge with innovation and implementation skills and offer a competitive edge, scalability and security through the FintechOS cloud-native platform.

Nigel Moden, EY EMEIA banking and capital markets leader, 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 digitalize 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, while always maintaining focus on bringing new products to market and providing a service customers expect.”

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