kevin., the next-generation payment tech infrastructure provider of direct, safe, and resilient end-to-end financial transactions, has partnered with Switchio by Monet+, an independent software platform managing thousands of payment terminals in Europe. As a result, kevin.’s account-to-account (A2A) payments will be available on all POS (point-of-sale) terminals connected to the Switchio platform. Switchio by Monet+ works with multiple acquirers to […]

BLIK, a modern mobile payment system that was launched with the support of all major banks in Poland in 2015, is currently the most popular way to pay in this country. 21 million users of mobile banking applications in Poland already have access to BLIK, and over 10 million people use it regularly for payments. BLIK’s founders are now looking […]

Revolut, the global financial superapp with over 18 million customers worldwide, is offering payment services to all refugees, regardless of nationality, fleeing Ukraine following the Russian invasion. To ensure individuals displaced by the invasion have quick and easy access to their money, Revolut has eased many of the requirements needed to set up an account as well as a number […]

Provident Financial Romania, part of the International Personal Finance (IPF) group, the largest home credit business in Europe, has chosen DRUID technology to enable instant access to business and HR data with the aim of facilitating a boost in employee engagement and efficiency. Thus, the company has implemented EMA, a customized AI virtual assistant built to harness the full power […]

The value of remittances to Romania in 2021 reached EUR 316 million, an increase of 79% compared to 2020, as shown by data provided by Revolut app with 18 million customers globally, of which over 1.5 million in Romania. At the same time, the number of remittances generated by Revolut customers to Romania increased by 84% in 2021 compared to […]

Public Country-by-Country reporting (CbCR)  is officialised with the publication of Directive (EU) 2021/2101, amending Directive 2013/34/EU on reporting of income tax information by certain undertakings and branches. In an effort to curb tax avoidance and enhance tax transparency, public CbCR reporting will require both EU and non-EU headquartered multinational groups with a consolidated annual turnover over €750m to publicly report […]

Groupama, one of the market leaders in the Romanian insurance market, is expanding how it interacts with clients by launching a virtual assistant that is always available on the company’s website. Amelie is based on DRUID’s conversational technology and responds instantly to inquiries from Groupama customers and guests at any time of day. The Amelie virtual assistant can provide relevant […]

As a result of a new global technology partnership between Daimler Mobility and Visa, Daimler will offer “native” in-car payments. This means that entering passwords or relying on mobile devices for payment authentication may soon be a thing of the past as the vehicle itself becomes a biometrically enabled payments device, thanks to Visa’s Delegated Authentication technology. From spring 2022 […]

When it comes to technical innovation, insurance is one of those industries that tends to get left behind. It’s inevitable in a way. Insurance is a heavily regulated, highly bureaucratic sector. Caution is in it’s very DNA. But times are changing. And as with many industries, insurance is reaching a crossroads. In order to stay relevant, businesses must reimagine how […]

An increasing number of businesses are focusing on how to embed ESG (Environment, Social, and Governance) goals into their strategies. As the notion of sustainability is gaining more ground in the finance sector as well, Marius Galdikas, CEO at ConnectPay, has shared how fellow fintechs could incorporate ESG practices into their business and what impact it could have on fuelling […]

Mazars, the international tax, audit and advisory firm, launches the 2021 edition of its annual Responsible banking practices benchmark study. The global study assesses the sustainability practices of 37 of the world’s largest banks  based in Europe, Africa, the Americas, Asia-Pacific. The analysis shows that the banking industry now widely acknowledges opportunities and risks relating to sustainability matters. However, full […]

NN, leader in the Romanian life insurance and private pensions markets, and the local subsidiary of Cegeka, one of the largest European providers of IT solutions, have partnered to transform NN’s customers’ digital experience when interacting with the company’s products and services. The first step was the relaunch of the NN Direct mobile application and new features are expected to […]