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f Citibank sold its retail banking operations to Raiffeisen Bank in 2015, and currently only has corporate banking operations on the local market. g First Bank was known as Piraeus Bank until 2018, when the Piraeus Bank Group left the Romanian market and sold its subsidiary to J.C. Flowers & Co.
Observator Observator is the channel's daily newscast (that airs at the Observator 12 from Monday to Friday) it is one of the most watched newscasts in Romania. It has fifth daily editions, starting at 6.00 AM, 12.00 PM on weekdays or 1 PM on weekend, 5.00 PM, 7.00 PM, and 11.00 PM/11.30 PM.
Banca Transilvania S.A. (also BT or TLV) is a banking institution with headquarters in Cluj-Napoca, Romania. The bank was founded in 1993 in Cluj-Napoca with a capital of 2 billion RON, of which 79% was Romanian and 21% foreign. BT is the largest bank in Romania in terms of assets, with a market share of over 16%. [2]
A digital bank represents a virtual process that includes online banking, mobile banking, and beyond. As an end-to-end platform, digital banking must encompass the front end that consumers see, the back end that bankers see through their servers and admin control panels, and the middleware that connects these nodes.
In April 2014, its operations continued under the new Idea Bank brand. [1] It was bought by Banca Transilvania in 2021. It was renamed to Salt Bank on 21 November 2023. [2] In November 2023, Salt Bank formed a partnership with Starling Bank, a British challenger bank, to use its cloud-based banking platform known as Engine by Starling. [3]
In February 2014, Misys bought Hungary-based IND Group, a supplier of online and mobile banking software. [20] In August 2014, Misys bought Custom Credit Systems, a US-based supplier of credit workflow and loan origination software. [21] In March 2017, D+H announced that it would be acquired by Vista Equity Partners and combined with Misys [22]
The concept was first explored in 2003 as part of the open innovation movement that was promoted by Henry Chesbrough. [4] [5] The advent of internet banking and development of online technology in the early 2000s led to interest in access to the data, which was first seen in account aggregation attempts by technology companies.
CEC Bank (prior to May 6, 2008 Casa de Economii și Consemnațiuni, but already known then as CEC), [1] [2] is a state-owned Romanian banking institution. [ 3 ] [ 4 ] In 1990, shortly after the Romanian Revolution of 1989, CEC had a 32.9% share of the Romanian market for banking; by 2006 this had fallen to 4.03%. [ 5 ]