Allevo is one of the players active in the financial services space for the past 20 years. What’s different from most competitors is that Allevo is a privately owned company coming from an emergent market, Romania. Although it may not seem much, having to compete with companies that have access to far richer resources is not an easy game to play.
In this context, Allevo has proven constant agility in designing new software solutions that address issues of financial services institutions. Notable innovations include the design of an application that achieves integration and financial process automation, an application for achieving accounts reconciliation, an application that manages the disbursement and loan repayment flows for microfinance, an application that automates the financial flows of corporate treasury, an application that enables banks and FinTechs to operate in an Open Banking setup, and last, but not least, the open source business model.
Here is the full article on this topic as published in Finanial IT.