Help the traditional banking industry overcome emerging fintech companies.
According to foreign media reports, Romanian FintechOS has received US $ 14 million in Series A financing, led by Earlybird Venture Capital and Digital East Fund. OTB Ventures and existing investors Gapminder Ventures and Launchub participated. The financing will be used for FintechOS ‘business growth in Europe and to expand the market to Southeast Asia and the United States.
Fintech was founded in 2017 and is headquartered in Romania. It was co-founded by Teodor Blidarus and Sergiu Nrgut, and currently has customers in more than 20 countries.
Under normal circumstances, the upgrading of traditional banks and insurance companies’ products is relatively slow, and often takes months or years. Fintech companies that have risen in recent years can generate a new product based on customer needs in just a few weeks.
Strong state-owned banks and joint-stock banks may require demand in a specific area. For example, the mobile phone app of a traditional bank is usually a large iteration every three months. The main reason is that its system architecture cannot support rapid iteration. With FintechOS, iterations can be achieved in January or even a week.
What is “OS”?
OS is the most basic system software that runs directly on “bare metal”. The commercial and industrial operating systems are the “bridge” for traditional industries to the digital continent.
FintechOS is a plug-and-play product that allows traditional banks and insurance companies to quickly create a personalized product based on customer needs. Based on the characteristics of full components, FintechOS ‘product modules are similar to building blocks and can be built on demand. What is needed to customize what is on-line and what .
FintechOS system’s multiple subdivision schemes have been launched: T1 is positioned as a digital transformation solution for financial institutions, and digital credit card operation solutions have served more than 30 banks. The intelligent asset management technology platform named JT² is now serving financial institutions. 200.
At present, the company has established partnerships with Microsoft, FY, Deloitte, Pubilcis Sapient and CapGemini, and operates in multiple markets at the same time. With the FintechOS platform, traditional banks and insurance companies can initiate multi-cloud SaaS deployments, transition to cloud and field deployments, and work with existing infrastructure.
Teodor Blidarus says FintechOS was created not for technology, but for customers. FintechOS helps traditional banks and insurance companies upgrade their products so that customers can enjoy smarter and smoother services.
EarlyBird’s partner Dan Lupu said that FintechOS ‘vision is to change the way financial institutions respond to market and regulatory changes, and EarlyBird is proud to be one of them.
Reference article: The battle of the giant “OS”