In recent years, banks in the Central and Eastern Europe (CEE) region have transitioned away from paper-based approaches to banking, and the COVID-19 pandemic has only accelerated that shift. As a result, the industry has witnessed a rapid adoption of electronic identification (eIDs) to execute transactions online and the implementation of application programming interfaces (APIs) to perform compliance checks.
Technology has enabled financiers to automate various workflows and processes, leading to significant cost reductions. The industry can now cater to the needs of SMEs like never before, providing faster and more efficient financial services.
Find out more about the latest developments around digitalisation and SME banking watching the session “How can technology drive SCF market development and financial inclusion across CEE?” at the Tallinn SCF Summit 2023. https://lnkd.in/ehWQtTmH
- Eugen Osmochescu, Program Manager at IFC - International Finance Corporation;
- Georgi Penev, Director at the Bulgarian Fintech Association;
- Jakub Kopinski, Director for Trade Finance Sales at the mBank S.A.;
- Rudolf Pfeffer, Counsel and Head of Banking and Finance (Slovakia) at Wolf Theiss;
- Olena Gryniuk, CEE Regional Director at SME Banking Club.