Global professional services giant Ernst & Young has long pursued its mission to leverage data and technology to empower its client companies around the world. Now, with the announcement of a new alliance between financial technology company FintechOS and Ernst & Young SRL, also known as Ernst & Young Romania, both organizations are poised to bring a major upgrade to the digital transformation capabilities of financial institutions across Europe.
“This collaboration has the potential to transform how banks operate, from data management processes to product development and customer service,” said EY EMEIA Banking & Capital Markets Leader Nigel Moden. Other leaders of EY and FintechOS praised the technological muscle that would be brought to EY’s solutions, particularly with regard to digital security and scalability.
Moden noted that progress has been made for banks throughout European markets, but argued that “the pace must increase as competition from other industries grows. It is fundamental to invest in innovation and technology to support clients as they tackle numerous headwinds, while always maintaining focus on bringing new products to market and providing a service customers expect.”