about us | newsletter | contact | archive | members area
Dan Boiangiu, Arval
Public and private investment seems to re-gain a proper focus»

Technology is one of the main forces to have an impact on the financial sector, says ARB

There are 3 main forces that have an impact on the financial and banking sector, according to Sergiu Oprescu, Executive President of Alpha Bank and President of the Romanian Association of Banks (ARB).

2018-03-28 16:42:07

The Diplomat-Bucharest organized today the second edition of Digital Finance Conference, in partnership with ACCA and Oracle, and the support of ARB, Smart Everything Everywhere, ANIS, All to Know.

According to Sergiu Oprescu, the first force refers to customers preferences and the change of mentality. "The second force is technology, with all its subcomponents. The third one is the regulation and the way it is applied. Some say we have have entered an area of overregulation. These forces must be viewed independently, but also in correlation to see future business models."

Furthermore, Yannis Jacob-Draghici, Solution Consultant Director, Oracle, said: "Romania is one of the most competitive markets and it is very difficult to sell value in these conditions. Moreover, because wages are not growing as fast as prices, the number of clients in the financial-banking sector is suffering. Companies are trying to lure customers in a very small sector."

The full report of the event will be published in the next issue of The Diplomat-Bucharest magazine.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  1024 Views
Daily Info
Vardinogiannis Group finalized the acquisition of Marfin Bank in Romania

Vardinogiannis Group, one of the most solid and well capitalized business conglomerates in Europe, finalized the acqusition of Marfin Bank, after receiving approval from the N...

Continental to list powertrain division mid-2019

Continental is moving ahead with an initial public offering of its powertrain unit and new corporate structure in the car-parts maker's biggest overhaul in decades.

Porsche Engineering Romania relocates its headquarters in Cluj-Napoca

Two years after its official opening event, Porsche Engineering Romania inaugurated its new headquarters in Vivido Business Center in Cluj.

Dacia posts half-year sales record

Dacia posted a half-year sales record in Europe with 281,225 vehicle registrations (up 14.6 per cent) and a record 2.9 per cent share of the market, according to world sales r...

Industry 4.0: EIB supports construction of new Arctic factory in Romania

The European Investment Bank (EIB) is lending 68 million Euro to white goods producer Arctic to finance the construction of a large-scale washing machine production plant feat...

 
 
   
advertising

advertising

advertising

advertising

More on