Traditional banks have only one option to survive. This option is, to adopt technology, to partner with emerging fintech ecosystems and to drop the dinosaur mentality.

I sat down with Daniel Nicolescu, a seasoned executive in the finance and technology industry, former CEO of PAYU in the CEE region and Co-founder of Symphopay, a company from Romania funded by GECAD Ventures. 

Symphopay created a technology that seeks to help banks and retailers to better understand their customers at the POS by providing real-time data to banks and retailers and enable them to create unparalleled loyalty programs. 

Welcome to the future.