Digital Transformation: EY, FintechOS to Support Digitalization Journeys for Financial Institutions

The EY organization announces an alliance between FintechOS, a financial technology company, and Ernst & Young SRL (EY Romania) “to simplify and support the launch and service of banking and insurance products and support detailed transformation journeys through innovation, business knowledge and the implementation of FintechOS’ fintech enablement platform.”

As businesses increasingly digitalize, customer and employee behaviors change, “providing opportunities to build better customer experiences and more efficient business models.”

With digital transformation being a top priority in the industry, this Alliance “will blend the EY Romania sector business and regulatory deep knowledge with innovation and implementation skills and offer competitive edge, scalability and security through the FintechOS innovative cloud-native platform.”

Nigel Moden, EY EMEIA Banking & Capital Markets Leader, says:

“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.”

Andrei Ratiu, EY–FintechOS Alliance Leader, Ernst & Young SRL, says:

“To continue supporting the financial service industry digital transformation, EY Romania is thrilled to combine the business and technology capabilities with FintechOS. This Alliance reinforces one more time our strategy to collaborate with financial service institutions for long-term value generation initiatives and support in their strategy, business and technological endeavors to better address client and ecosystem necessities. Hence, banks and insurance companies will be able to be much faster and more efficient in the market with solid services for new or redesigned products and omnichannel optimized customers and internal journeys.”

Teo Blidarus, CEO, FintechOS, says:

“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.”

As covered, EY exists “to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets.”

Enabled by data and technology, diverse EY teams in over 150 countries “provide trust through assurance and help clients grow, transform and operate.”

Working across assurance, consulting, law, strategy, tax and transactions, EY teams “ask better questions to find new answers for the complex issues facing our world today.”

EY refers to “the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity.”

Ernst & Young Global Limited, “a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy.”


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