Platformis, a provider of digital solutions for managing the relationship between homeowners’ associations and residents, announces the integration of FinqLink, a PayByBank payment method powered by Open Banking and developed by Finqware. The new functionality enables residents to pay maintenance fees directly from their bank account to the homeowners’ association’s account, without funds passing through intermediary platform accounts.
This marks an important shift in how recurring residential payments are managed in Romania, introducing a direct, instant, and compliant PayByBank flow based on regulated Open Banking infrastructure.
The partnership is launched in a market context where payment transparency, regulatory compliance, and operational risk reduction have become essential criteria for the digitalization of services dedicated to homeowners’ associations.
By adopting FinqLink, an account-to-account payment model, Platformis fully eliminates the traditional intermediary fund-collection approach—where payments are routed through the accounts of payment processors or digital platforms—and replaces it with direct bank-to-bank payments initiated by users via their own banking applications.
This Open Banking–based PayByBank flow significantly reduces operational complexity, compliance risk, and settlement delays, while improving traceability and financial visibility.
Unlike other market models, where residents’ payments are initially collected into intermediary accounts and transferred days later, FinqLink enables direct and instant PayByBank payments from the payer’s bank account to the homeowners’ association’s account.
Implemented by Finqware, a pan-European payment institution authorized by the National Bank of Romania, FinqLink ensures that Platformis does not hold or manage user funds. As a result, the payment flow remains clear, auditable, and fully aligned with applicable regulatory requirements.
From the very beginning, we never wanted to act as an intermediary for funds—we wanted to eliminate that role entirely. Today, that solution exists through FinqLink. By integrating PayByBank payments directly into homeowners’ association accounts, we can offer a modern, transparent, and compliant solution that meets both user expectations and regulatory requirements,”
FinqLink is Finqware’s PayByBank solution, built on Open Banking technology regulated at European level under the PSD2 Directive and authorized in Romania by the National Bank of Romania.
With FinqLink, users can pay maintenance fees:
directly from their banking app
without cards or cash
without creating additional accounts
For homeowners’ associations, PayByBank payments mean immediate settlements, simplified reconciliation, and better visibility over incoming funds. For residents, the experience becomes faster, safer, and easier to use.
Open Banking enables exactly this type of PayByBank flow: payments initiated directly from the customer’s bank account and settled straight to the beneficiary, without buffer accounts or unnecessary complexity. With FinqLink, payment details are pre-filled, significantly reducing manual errors and simplifying both the user experience and operational processes,”
Through this partnership, Platformis and Finqware promote a model of responsible digitalization for homeowners’ association payments—one built on existing banking infrastructure, European regulatory standards, and a clear separation between technology providers and fund holders.
The integration of FinqLink represents an important step forward in modernizing recurring residential payments through PayByBank, delivering a scalable, secure, and compliant solution for a segment used daily by hundreds of thousands of people.
Platformis is a modern software solution designed to streamline property management by automating repetitive processes and providing precise control over data, financial records, and reporting. Used by homeowners’ associations across Romania, the platform supports the digitalization of residential administrative processes by enabling transparent and structured interaction between administrators and property owners, centralizing information, notifications, and rapid access to relevant data.
Finqware is a Romanian fintech authorized as a pan-European payment institution, specializing in financial automation and bank connectivity through open banking technology. Through its solutions — including FinqLink and FinqTreasury — Finqware supports the financial digitalization of companies such as FAN Courier, MedLife, Signal Iduna, One United Properties, Rompetrol, Electrica SA, Autonom, and many others. At the same time, the Finqware platform is used by banks such as Banca Transilvania, CEC Bank, and Salt Bank to deliver next-generation payment services based on open banking technology.
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