Consulting company PwC Romania has signed a strategic partnership with Romanian fintech company Finqware to support finance departments in optimizing their internal processes using open banking technologies.

PwC Romania will include Finqware solutions in its portfolio of automation services to meet the growing demand of companies for efficient bank liquidity management solutions, real-time account reconciliation and treasury management.

“PwC Romania wants to constantly improve its portfolio with digital solutions with a direct and clear impact on the financial statements of its clients. That is why we look forward to implementing this partnership, as the FinqTreasury platform has great potential to help our clients capitalize on digital transformation projects. “, said Gabriel Voisila, technology partner at PwC Romania.

“The cooperation with PwC Romania is very important for Finqware, as it provides access to clients who already work with the best consultants to define and implement their digital strategies. We are optimistic that this alliance will be fruitful in helping companies improve the efficiency of financial operations, helping financial experts to focus on decision-making, not on manipulating spreadsheets,” said Kosmin Kosma, Co-Founder and CEO of Finqware.

With the FinqTreasury platform, an open banking data center for companies, Finqware is uniquely positioned to become the best real-time cash management solution for medium and large companies across Europe. An authorized financial payment institution operating in 30 countries in the European Economic Area, Finqware provides both account information and regulated payment initiation services for companies to work in real-time with their accounts between banks, organizations or countries. Companies such as Nepi Rockcastle, MedLife, SelfPay and Poșta Română have already chosen Finqware as a supplier to implement their digital strategies.

About PwC

PwC’s mission is to strengthen trust in society and help solve important problems. We are a network of companies that are represented in 152 countries and have more than 328,000 professionals who offer quality services in the field of audit, tax and business consulting. Tell us what’s important to you and learn more about us by visiting www.pwc.ro.

PwC means the PwC network of firms and/or one of the member firms, each of which is a legal entity.

About Finqware

Headquartered in Bucharest, Finqware was founded in 2018 by a team of fintech enthusiasts, each with significant experience in banking or critical IT infrastructure. Backed by institutional investors such as Elevator Ventures, the venture capital arm of Raiffeisen International and Gapminder, Finqware is already an open banking technology provider for the largest banks in Central and Eastern Europe, such as Banca Transilvania, Alpha Bank, CEC Bank. and OTP, has a mark of excellence from the European Commission and is supported by Microsoft for startups. It is known for being the first technology company to implement Open Banking in Croatia and Romania, and has already been recognized for its potential to become the leader of Open Banking in Central and Eastern Europe.

In the corporate segment, Finqware defines the treasury management automation category through the FinqTreasury SaaS platform, which functions as a financial operations system for medium and large companies.

Article supported by PwC Romania