Banking’s Tech Vanguard: 20+ CEE Startups Leading Digital Transformation

Albania , Bulgaria , Croatia , Greece , North Macedonia , Poland , Romania , Serbia ~ In an age defined by rapid technological advancement, the future of banking lies in the hands of those who embrace digital transformation. The global financial landscape, together with the one across the CEE, has been undergoing a seismic shift during the past decade, driven first and foremost by an increasingly tech-savvy customer base. Having this in mind, startups are emerging as the torchbearers of a change that traditional banks can’t afford to ignore. From mobile-first approach and personalized banking to open banking, APIs, and neobanking – these are just some of the solutions that fintech startups have been bringing to the table and changing how banking services are done – prompting banks and financial institutions to adopt these changes. According to a recent report by CEE Legal Matters on banking and finance law, digitalization is among the top priorities for the banking sectors in countries such as Bulgaria and Romania. For Kamen Bankovski, founding member of Bulgarian VC fund Vitosha Venture Partners, banks have recently been under heavy fire from the increased competition by tech innovation, incumbent startups, and changing customer expectations. […]

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