In simply 12 weeks, FintechOS says it may well assist different firms – from large banks to startups – stand up and operating with new fintech merchandise.
Picture supply: Teodor Blidarus (proper)/FintechOS
Monetary infrastructure supplier FintechOS noticed income development of 70 per cent in 2022 in contrast with the earlier yr.
The corporate, based in 2017 by Romanian entrepreneurs Teodor Blidarus and Sergiu Negut, helps insurers, banks and fintech startups and scale-ups launch monetary merchandise shortly.
Rising demand from incumbents helps enhance its income, with money from its insurance coverage clients leaping 300 per cent over the yr.
FintechOS, which is co-headquartered in London and New York, has clients akin to Groupe Société Générale, Admiral Group, and BPCE Oney. It additionally launched in North America with 5 financial institution clients in 2022.
“Established monetary companies and insurance coverage firms are dealing with an ideal storm of challenges together with nimble fintech and insurtech startups, legacy core platforms that aren’t sufficiently agile to assist trendy imperatives akin to digital transformation, personalization, and fast software growth, and strain to modernize core platforms safely and securely,” mentioned Teodor Blidarus, CEO and co-founder, FintechOS.
“The momentum that we and our clients are experiencing signifies that we’re addressing these challenges and advancing fintech enablement with options empowering digital transformation and low code/no code growth whereas permitting clients to proceed utilizing legacy core platforms or modernize them at their very own tempo. This mixture of capabilities is the essence of fintech enablement.”
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