Temenos announced that CEC Bank, the third largest bank in Romania, has selected Temenos to modernize its retail and corporate core banking systems, https://ffnews.com/ informs. The state-owned bank is migrating from legacy systems to Temenos’ core banking platform including best-of-breed solutions for payments and data analytics. This transformation will enable CEC Bank to drive faster time to market, operational efficiency and business agility as it looks to further strengthen its position in the Romanian banking market. CEC Bank chose Temenos for its comprehensive functionality across retail, corporate banking and payments on a scalable, cloud-ready platform. Temenos Payments will be used for all domestic and cross-border payments. The bank will also benefit from Temenos’ flexible, API-based architecture, to simplify integration with its existing ecosystem and accelerate innovation with third-party services. Established in 1864, CEC Bank serves over 2 million retail, SME and corporate customers via digital channels and a network of more than 1000 branches across Romania. The bank plays a key role in delivering government programs, such as the disbursement of EU funds, while continuing to launch forward-thinking solutions such as QR code-enabled ATM withdrawals. The core banking and payments modernization project will be delivered in collaboration with Tech Mahindra and SoftCentric to ensure a smooth transition and market-specific implementation. Daniel Calin, CIO, CEC Bank, said: “Modernizing our core banking and payments infrastructure with Temenos will enable CEC Bank to deliver improved products and superior experiences for our customers. Temenos offers a best-in-class core banking solution and unifying our business lines on their agile platform will help us to scale more efficiently and innovate faster as we drive the future growth of our business.” Mark Yamin-Ali, Managing Director, Europe, Temenos, commented: “We’re delighted to be partnering with CEC Bank on this strategic project, which will help one of Romania’s largest banks to streamline its operations, increase automation and deliver faster time to value. Temenos, together with our delivery partners Tech Mahindra and SoftCentric, offers a proven path for transformation and adoption of modern banking technology. Powered by Temenos, CEC Bank is well-positioned to strengthen its leadership and drive innovation in the Romanian market.”
The Holy Light will be brought from Jerusalem to Bucharest on the evening of Saturday, April 19, and then distributed to other areas of the country, according to a press release published by Basilica.ro. The Easter Holy Light will be brought from Jerusalem by Archimandrite Teofil Anăstăsoaie, the representative of the Romanian Patriarchate at the […]
Four people have been detained for 24 hours following the violent protest in front of Romania’s Central Electoral Bureau in March, where supporters of former presidential candidate Călin Georgescu clashed with law enforcement. The individuals are accused of throwing objects at gendarmes, injuring at least one officer, and overturning...
The delegation of the United States Congress, led by Vern Buchanan, conveyed messages of support for Romania’s accession to the Visa Waiver Program during their meeting with government officials at the Victoria Palace in Bucharest on Tuesday, April 15. The American officials pledged to push for the country’s inclusion “as soon as possible.” “Representatives from […]
Crin Antonescu, the presidential candidate of the PSD-PNL-UDMR governing coalition, denied being a collaborator of the communist-era political police, the Securitate, in a press conference on Tuesday, April 15. The conference was called after the National Council for the Study of the Securitate Archives (CNSAS) announced that, in 1988, Antonescu gave a statement to the […]
Leventer Medical Group, a leading dermato-oncology center in Southeast Europe and a pioneer of Mohs micrographic surgery in the region, has received a strategic investment from private equity firm 7X Partners, which has acquired a 40% stake in the company. The partnership supports the development of Romania’s first private hospital dedicated to the integrated treatment […]
The management of Gral Medical, one of the largest Romanian players in the private medical services market, has approved an investment budget of EUR 15 million for 2025, primarily intended for the opening of a greenfield oncology hospital in the northeastern part of the country,
