Finqware, the preferred open banking provider of companies in the CEE, was at the forefront of open banking transformation in Romania, in 2024, as well as solidified its position as a key player in the European landscape.
Finqware’s connectivity coverage spans across 19 European countries.
2025 has started with steady CEE expansion execution, among February achievements:
- 9.5 million monthly API calls
- 2200 connected companies
- Extended Hungarian coverage to reach full bank coverage for top 10 corporate banks
February: continued growth in account to account payments
- Payments: 12106 in January and 11290 in February, +25% growth vs December, fueled by Finqware’s integration into Salt Bank’s mobile app for top-ups. This seamless user experience highlighted Finqware’s ability to drive growth through innovative partnerships.
- Total Transaction Value: €31 million processed through open banking-enabled transactions, -13% vs Jan, Corporate bulk payments accounting for more than 60%.
API reliability remains stable, enabling both individuals and companies to keep their accounts connected:
- PSD2 API availability: 98.5%, a slight decrease vs December when it was 99.2%
- 2923 users created or renewed their bank connections through Finqware, granting access to account, balance, and transaction data.
What’s Next for Finqware in 2025?
2024 proved that open banking is no longer just a regulatory requirement—it’s a vital tool for businesses and individuals alike. Finqware’s plan is to speed up its international expansion in 2025, starting with the main countries in CEE.
Hungary is currently the main expansion target, with several PoC’s already started with large companies in the real estate sector. Finqware has already extended its bank connectivity coverage so as to offer ready-to-use bank integrations for account information to all business customers eager to experience the benefits of open banking.
