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.
Sursa International Light Art Festival, an event featuring immersive installations, projections, and light structures, will take place at the National Library of Romania from October 13 to October 19. The event brings together international and Romanian artists “in a visual dialogue about technology, architecture and sensitivity,” the organizers announced. “We wanted to build the opportunity […]
Romania’s Defense Ministry has signed a contract worth RON 50.4 million with Rheinnmetall Automecanica, a subsidiary of the German defense industry giant Rheinmetall, for the delivery of drone detection systems, Economedia.ro reported. The radar system will be delivered within 18 months at most and will reportedly be...
The former Steaua Roșie cinema in Cluj-Napoca will reopen as Edison-House of Music, a cultural hub dedicated to music and community, the organizers of the Jazz in the Park festival announced. Built in the early 1900s, the Edison building became, after World War II, the Steaua Roșie cinema. After 1989, the venue underwent several changes […]
Unprecedented amounts of precipitation have been recorded in Romania as cyclone Barbara hit the country on October 5-8, according to the authorities. At the same time, Bucharest exceeded the absolute maximum levels of rain for October. “Between October 5–8, 2025, Romania was affected by the Mediterranean cyclone Barbara, which formed over the Ionian Sea and […]
Romania is one of six European countries recently selected to develop a new artificial intelligence and supercomputing center under the EuroHPC – AI Factories program. The project, known as the AI Factory, will be Romania’s first national AI infrastructure, marking a major step toward strengthening its digital and research capabilities. The initiative will be led […]
North Bucharest Investments announces a strategic partnership with the Adrian Mutu Football Academy, marking the beginning of a collaboration focused on developing sports among children and young people, health education, and promoting an active lifestyle. As part of this partnership, the two organizations are launching the North Bucharest Investments Cup, a youth football competition taking […]
