Smart Fintech obtains National Bank of Romania authorization and becomes the first third party payment provider (TPP) through open banking in Romania Mihai Cristea 15/04/2021 | 13:51 Smart Fintech announced today that they have officially received the authorization from NBR (National Bank of Romania), the regulatory authority, as a Payment Institution authorized to perform Payment Initiation Services (PIS). Thus, the start-up becomes the first open banking third-party provider (TPP) licensed in Romania.
Smart Fintech is officially listed in the “ We are thrilled and proud to receive the authorization from NBR. It required a significant amount of effort from our side, but with a precious outcome: not only we’ve got the license we needed to become an active TPP in Romania, but the whole process made us analyze in-depth and in perspective all facets of our fintech’s future activities and, thus, we have managed to define a sound and solid framework for our business