Alior Bank’s Romanian branch has teamed up with Deutsche Telekom Group’s Telekom Romania Mobile Communications to develop a new digital financial service. And providing the online exchange for this service is none other than Alior Bank’s long-time partner, Efigence, https://www.fintechfutures.com/ informs. Alior Bank’s Romanian branch has teamed up with Deutsche Telekom Group’s Telekom Romania Mobile Communications to develop a new digital financial service, writes David Penn at Finovate (Banking Technology‘s sister company). And providing the online exchange for this service is none other than Alior Bank’s long-time partner, Efigence. “We have been working together on the Polish market in the field of technology for almost ten years with very good results,” says Marek Lesiak, Efigence’s president and CTO. “We are delighted that Alior Bank appreciates our cooperation and decided to work with us on the international market as well.” The online exchange platform from Efigence will be paired with the Telekom Banking daily online banking service, providing a new solution for customers in the Romanian market. In addition to providing the platform, Efigence designed the interface, and managed technology implementation and integration. “Through the online exchange platform, Telekom Banking’s customers benefit from real-time exchange rates for ten foreign currencies,” says head of eFX Commerce for Alior Bank, Tomasz Do?pia?. He adds that customers using the exchange benefit from being able to initiate trades with only 5% of the total amount, and then provide the balance within two working days in order to complete the transaction. Efigence’s Efi4 Digital Banking Platform supports online and mobile internet banking, features a payment and transactions automation module, as well as currency trading tools, personal finance management (PFM), and social and financial data aggregation tools for credit scoring. Modules include financial forecasting, through which customers receive contextual, relevant recommendations such as setting up a savings goal, or offers like an increase in credit limit or a personal loan based on their income and spending patterns. In August, the company was hired by Emirates NBD to help the Middle Eastern banking group build a new interface and UX for its banking platform. In addition to its long-time partnership with Alior Bank, Efigence has also partnered with Poland’s mBank and Idea Bank, demonstrating banking platform innovations such as social media integration and transaction systems for SMEs.
Wizz Air will add a route connecting Brașov, in central Romania, to Katowice, in Poland, beginning next year, the Brașov International Airport announced. The route will become operational on March 31, 2026, with flights operating every Tuesday, Thursday, and Saturday. In the upcoming winter season, the airline will operate seven routes to five countries from […]
IT Genetics, a company specializing in digitalizing services, aims to have its shares tradable at the Bucharest Stock Exchange by the end of this year, with the amount to be raised estimated at approximately EUR 2 million. The ITG group will be listed, not just IT Genetics, which is nevertheless the main pillar of the […]
Romania’s current transport minister, the Social Democrat Ciprian Șerban, offered bribes to representatives of a forest district in Iași County as a young businessman in 2012, according to recently surfaced documents and recordings. Șerban gave bribes at least six times before reporting the offense to the National Anticorruption Directorate. He did so only after being […]
David Popovici has won the gold medal in the 100-meter freestyle final at the World Championships in Singapore. It is his second win at the event, after the gold medal in the 200-meter freestyle race two days ago. The Romanian swimmer finished the race with a time of 46.51 seconds, ahead of Jack Alexy, who […]
PPF Real Estate, a global developer and investor with a real estate portfolio exceeding EUR 2 billion, announces the completion of infrastructure works for ARC, its new state-of-the-art office project in the Basarab area. The construction progresses on schedule. Reaching ground level marks, a key milestone in the development timeline. The project is moving forward […]
BRD Groupe Societe Generale, the fifth largest bank in Romania by assets, registered a net profit of RON 764 million (EUR 150 million), up 10% compared to the same period in 2024. The net loan portfolio, including leasing financing, increased by 17.4% during the mentioned period, marking a significant growth in corporate lending by 23.8% […]
