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 exhibition RomanIa – Identity representation of traditional dress in art, currently on view at the National Museum of Art of Romania (MNAR), gathers a variety of artistic representations of the traditional blouse ia, from painting and sculpture, to drawing, photography, installation, film, music, posters, fashion, books, albums, and more. It includes works by Henri […]
Over 136,000 non-EU citizens held residence permits for employment in Romania at the end of August this year, most of them coming from Nepal, Sri Lanka, Turkey, Moldova, and India, and two out of three immigrants live in Bucharest, Ilfov, Constanța, Timiș, and Cluj, according to a study conducted by the Economic and Social Council. […]
Romanian prosecutors conducted house searches in 12 locations in Bucharest and two in Târgu Mureș on Wednesday, November 26, in a case targeting former employees of bankrupt insurer Euroins. Specifically, the searches targeted 10 individuals who held executive management positions within Euroins, as well as the headquarters of legal entities controlled by the Bulgarian shareholders […]
Prices in Bucharest’s premium residential market have doubled over the past few years, reaching record highs amid a severe shortage of supply in the city’s most exclusive neighborhoods, Cushman & Wakefield Echinox said. Areas such as Primăverii, Kiseleff, Aviatorilor, and Dorobanți continue to dominate demand. Over the past 2 or 3 years, prices for premium […]
The Romanian Consulate in New York shared on social media the story of George Pomuț (George Pomutz, born Gheorghe Pomuț), the Romanian-American who facilitated the sale of Alaska to the US. Despite his role in US history, the Romanian is largely unknown today, the Consulate noted. Pomuț was born in the Hungarian town of Gyula, […]
Shares of Cris-Tim Family Holding (BVB: CFH) began trading on the Bucharest Stock Exchange on November 26 after an IPO worth RON 454.35 million (EUR 89.3 million) conducted last month. Cris-Tim is now the largest entrepreneurial company in the food sector on the BVB Main Market. The funds raised from institutional and over 8,000 retail […]
