about us | newsletter | contact | archive | members area
Tal Roma, AFI Europe Romania
In 2017, the companies were facing a more competitive labour market»

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.

There are 0 comments:

Validation Code

0 Comments  |  680 Views
Daily Info
The state of the economy is a reflection of public policy, says FIC

The Foreign Investors Council (FIC) considers that recent negative economic data which drew the attention of politicians are the result of legislation that was adopted without...

Banca Transilvania to sell 350 million Euro worth of bonds

Romanian lender Banca Transilvania wants to sell subordinated bonds worth 350 million Euro, with a 10-year maturity and a fixed or variable interest rate.

Romanians want more EU efforts for stability in economy and combat of corruption

Romanians want the European Union to put more efforts for the stability of the economy, the reduction of corruption, public policy and education, according to a survey by the ...

Office spaces are being adapted to millennials' requirements, says Colliers

One third of Central and Eastern European professionals (CEE) - Poland, the Czech Republic, Slovakia, Hungary, Romania, Bulgaria - believe their workplace will change over the...

Bucharest reached over one million employees this year, says C&W Echinox

The number of employees in Class A and B office buildings in Bucharest reached around 250,000 at the end of last year, while the total number of employees in the Capital excee...





More on