Consulting services company PwC Romania has signed a strategic partnership with Romanian fintech Finqware to help financial departments optimize their internal processes using open banking technology.
PwC Romania will include Finqware solutions in its business automation services portfolio to cover the increasing demand of companies in achieving effective cash management, real time accounts reconciliation and treasury management.
“PwC Romania wants to continuously improve its portfolio with digital solutions that have a direct and clear impact on its clients’ financial reports. That’s why we look forward to implementing this partnership because the FinqTreasury platform has great potential to help our clients leverage digital transformation projects,” said Gabriel Voicilă, Technology Partner, PwC Romania”, said Gabriel Voicilă, Technology Partner, PwC Romania.
“The collaboration with PwC Romania is very important for Finqware as it provides access to customers that are already working with best consultants to define and implement their digital strategies. We are optimistic that the alliance will be fruitful in helping businesses acquire efficiencies in financial operations, helping financial experts to focus on decision making instead of spreadsheet manipulation”, said Cosmin Cosma, Co-founder and CEO at Finqware.
Through the FinqTreasury platform, an open banking corporate data hub, Finqware is uniquely positioned to become the preferred real-time cash management solution for medium to large businesses in Europe. Licensed as a Financial Payment Institution and authorized to operate in 30 EEA countries, Finqware offers both account information and payment initiation regulated services for companies to operate in real time with their accounts across banks, entities or countries. Companies like Nepi Rockcastle, Medlife, SelfPay and Romanian Post already chose Finqware as provider to implement their digital strategies.
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Headquartered in Bucharest, Finqware was established in 2018 by a team of fintech enthusiasts, each with a strong background in either banking or core IT infrastructure. Backed by institutional investors such as Elevator Ventures, Raiffeisen International venture capital arm, and Gapminder, Finqware is already a preferred provider for open banking technology for the largest banks in Central and Eastern Europe such as Banca Transilvania, Alpha Bank, CEC Bank and OTP, has a Seal of Excellence from the European Commission and is supported by Microsoft for Startups. It is renowned for being the first technology company to enable Open Banking in real-life production in Croatia and Romania and has already been recognized for its potential to become the CEE open banking leader.
On the enterprise segment, Finqware is defining the Treasury Management Automation category through its FinqTreasury SaaS platform that functions as an financial operation system for mid to high corporate companies.