All phases of the project are now operational, aiming to automate processes and activities related to administering factoring facilities.

This modern platform aligns with the bank's strategic objectives of technological development and modernization.

Adina Călin, Director of the Products and Banking Services Department at CEC Bank, said: “The evolution of factoring in 2024 largely met our bank's estimates, and economic reality has underscored the need for continuous adaptation and strategic flexibility to efficiently meet market challenges. Even in a banking market marked by volatility and inflationary pressures, CEC Bank has managed to maintain its factoring client portfolio by consistently focusing on simplifying and streamlining credit flows for partners.”

The new development is set to enhance and diversify products for corporate and SME clients, drastically reduce response times for financing requests through automated workflows, and ultimately increase profitability across the client portfolio.