BR ANALYSIS. Banks and fintechs facing cooperation challenge on Romanian market

Business Review | Sep 17, 2019 at 5:31 AM
  • European deals and funding activity in the fintech sector reached USD 3.3 billion in the first half of 2019.
  • Regulatory challenges and growing competition for conventional banks, which are investing heavily in their digital operations, might see fintechs and lenders focus on cooperation going forward.
  • This summer, Lithuania-based fintech Paysera was launched on the Romanian market, providing business account and money transfer services at lower fees.