TBI Bank joins Romanian Fintech Association (RoFin.Tech) to support innovation development for startups and corporations

Both startups and corporations need access to strategic guidance, legal professionals, a secure environment to test and experiment, an introduction to partners, and so much more to capture the best opportunities. In that spirit, TBI Bank, a Southeastern Europe challenger bank, joined forces with RoFin.Tech, the leading Romanian Fintech Association, to support businesses all around the country. This partnership aims to contribute to the digitalization of the Romanian financial sector with positive impact on the economy and overall society.

As a bank with a fintech mindset, joining the Association is the natural step for TBI’s transformation journey. The financial institution has gained major experience in creating innovative solutions to provide a next gen banking for its customers. Therefore, TBI is open to share its knowledge, insights and best practices with companies from all across Romania and thus accelerate their growth.

The COVID-19 pandemic has further highlighted the importance of digital technology in business and created an opportunity for entrepreneurs to develop innovative, tech-enabled solutions. Fintech innovations are at the forefront of many disruptive technology trends and are helping to boost financial inclusion for both individuals and businesses.

The Romanian Fintech Association – RoFin.Tech was founded with the main goal in representing the interests of the Romanian technology companies which are building proprietary technology products. RoFin.Tech’s main goals are to increase the penetration of digital, tech and entrepreneurship into financial services and to create and grow the offline and online channels needed for Romanian fintech companies to expand their operations internationally.

“We want to build a smart future and find ways in which the Romanian companies may better serve the fintech ecosystem. To achieve that, we want to be part of a unique ecosystem that connects change-makers and leading organizations. Together with our partners, we are creating a distinctive system designed to develop and implement the technologies of tomorrow”, said Gergana Staykova, Market Leader at TBI.

”TBI Bank Romania is one of the agile banks that in recent years have launched innovative products and started behaving similarly to a fintech company. We are glad that it formalizes this tendency to adopt technological innovation by joining as a support partner of the Romanian Fintech Association. We believe in a consistent collaboration between RoFin.tech and TBI Bank members and look forward to announcing such partnerships soon for the benefit of Romanian financial services clients”, said Cosmin Cosma, President of  Romanian Fintech Association, CEO and Founder Finqware.

RoFin.Tech is also a founding member of the European Digital Finance Association (EDFA), an EU-wide association representing fintech companies across the Union in their interactions with EU institutions.

TBI Bank is an inclusive lender focusing on consumers, merchants, and SMEs by providing financing and additional embedded services through a wide network of ‘phygital’ channels and platforms. Currently operates in Bulgaria, Romania, Germany, Lithuania and Greece. TBI Bank is part of 4finance, one of Europe’s largest digital consumer lending groups. Through various digital channels, an own network of 300 physical locations and trusted partnerships with nearly 13,000 small and large merchants and retailers, TBI has a customer portfolio of 2 million clients in 2021 and issued nearly 500,000 loans. Its successful business model and customer-focused approach resulted in becoming one of South-Еastern Europe’s most profitable and efficient banks.

The Romanian Fintech Association was founded in January 2020 and currently brings together 21 members representing start-ups and scale-ups in the financial technology industry (fintech). It has two well-founded objectives since its founding: connecting the association to national and European financial authorities that can impact the fintech industry, but also creating and facilitating as many development opportunities as possible for members of the association. RoFin.Tech is a founding member of the European Digital Finance Association (EDFA), an EU-wide association representing fintech companies across the Union in their interactions with EU institutions.