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FintechOS, a startup that will retrofit old banks

Roman Janson Follow May 30, 2024 · 1 min read
FintechOS, a startup that will retrofit old banks
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In the rapidly evolving world of finance, a Romanian startup, FintechOS, has emerged as a game-changer. While fintech startups, particularly neobanks, have disrupted the traditional banking landscape, FintechOS has taken a different approach – empowering older banking and insurance companies to adapt and thrive in the new digital era.

FintechOS offers a low-code platform that enables legacy financial institutions to seamlessly integrate the latest features and products offered by the new fintech upstarts. This innovative approach has caught the attention of industry giants, as evidenced by the company’s recent $60 million “Series B+” investment round, led by BlackRock, Cipio Partners, and Molten Ventures.

Unlike other players in the market, FintechOS takes a holistic approach, working across multiple product lines, from deposits and lending to mortgages and insurance wealth. This breadth of capabilities sets the company apart and allows it to drive significant change within the organizations it serves.

Key customers of FintechOS include industry heavyweights such as Société Générale, Admiral, Benenden Health, Avant Money, and Vibrant Credit Union, spanning the U.S., U.K., Continental Europe, and the Asia-Pacific region.

The success of FintechOS is a testament to the growing recognition that legacy financial institutions must embrace digital transformation to remain competitive. By providing a seamless and cost-effective solution, FintechOS is empowering these institutions to adapt and thrive in the new fintech landscape, without the need for a complete overhaul of their core infrastructure.

As the fintech revolution continues to reshape the financial services industry, companies like FintechOS are poised to play a crucial role in bridging the gap between traditional banking and the innovative solutions offered by the new generation of fintech startups.

Written by Roman Janson Follow
Senior News Editor at new.blicio.us.