Bucharest, June 24, 2025 – The Romanian Natural Disaster Insurance Pool (PAID) has entered into a strategic partnership with Romanian fintech company Finqware to implement FinqTreasury – an advanced platform for financial operations automation. The integrated solution adopted by PAID addresses today’s needs for efficient financial flow management, especially in a context where transaction volumes are constantly growing and both insurance premium payments and compensation payouts are increasingly processed in real time.
“In an industry where complex financial flows are becoming more dynamic and response speed is critical, digitalization is no longer optional – it’s a necessity. We chose to work with Finqware to solve one of our major operational challenges – the real-time and automated reconciliation of incoming payments and the efficient disbursement of compensation to policyholders. FinqTreasury offers us control, transparency, and efficiency – all essential for the proper functioning of the housing insurance system,”
Said Nicoleta Radu, General Manager of PAID Romania.
Through the integration of Finqware’s open banking technology, PAID Romania will benefit from:
- Real-time automatic reconciliation of insurance premiums, directly from API-connected bank accounts;
- Elimination of manual processes based on traditional bank statements;
- Automation of compensation payments to customers, with full traceability;
- Significant reduction of operational risk and costs associated with manual financial processing.
“FinqTreasury is not just a next-generation banking connectivity tool – it’s a true financial orchestration platform. Our collaboration with PAID Romania shows how insurance companies can move to an integrated, automated, and real-time operating model. It’s a necessary step for the entire industry in the digital era, especially as we enter a new phase where payments must be executed and confirmed instantly,”
Said Cosmin Cosma, CEO of Finqware.
About PAID Romania
PAID is a privately owned reinsurance-insurance company established through the association of insurance companies to offer mandatory home insurance, in accordance with Law no. 260/2008. As defined by the law, PAID manages the mandatory home insurance system in Romania, which covers three key natural risks: Earthquake – Flood – Landslide.
About Finqware
Finqware is a Romanian fintech licensed as a pan-European payment institution, specializing in financial automation and banking integration through open banking technology. Through its solutions – such as FinqLink and FinqTreasury – Finqware supports the financial digitalization of companies like FAN Courier, MedLife, Signal Iduna, One United Properties, Rompetrol, Electrica SA, Autonom, and many others. At the same time, Finqware’s platform is used by banks such as Banca Transilvania, CEC Bank, and Salt Bank to provide next-generation payment services powered by open banking technology.
Press Contacts:
Finqware – press@finqware.com | www.finqware.com
PAID Romania – comunicare@paidromania.ro | www.paidromania.ro
