AxFina, the outsourcing provider for business processes and digital banking, focuses on Central and South Eastern Europe (CSEE). EBRD aims to strengthen the financial sector in this region on the basis of this investment. In this way, EBRD is seeking to support banks more effectively in dealing with the consequences of COVID 19. Moreover, segments of the population which were not able to make use of banking services up until now will gain access to digital banking products.
The investment commitment of EBRD helps AxFina to make loan and asset servicing available to banks in the region. At the same time, it will also enhance transparency for consumers and regulatory authorities. Melis Ekmen Tabojer, EBRD Director, Financial Institutions, commented: "The investments are in line with our mandate to support the banking and servicing industry in our regions. We believe that asset and loan servicing is a critical tool for every banking market to allow its economy to prosper."
Continue reading and learn more about Vienna, the insider's tip among FinTech locations