Project launch announcement

                                                                                                    Bucharest, 07.07.2025

Project launch announcement

 ‘Digitising Access for Citizens and Companies to Investment by Ensuring a Sustainable Financial Market - D A C C I A PIFS’

SMIS Code: 338233

Beneficiary: THE FINANCIAL SUPERVISORY AUTHORITY

On 26 May 2025, in the presence of Mrs. Ana Maria Bușoniu, General Manager of the Intermediate Body for the Promotion of the Information Society (OIPSI), and Mr Alexandru Petrescu, President of the Financial Supervisory Authority (ASF), the contract for the financing of the institution's digital transformation project was signed.

The project "Digitising Access for Citizens and Companies to Investment by Ensuring a Sustainable Financial Market - D A C C I A PIFS", developed within the technical assistance provided by the Romanian Digitalisation Authority, has been submitted for funding under the Smart Growth, Digitalization and Financial Instruments Program Programme 2021-2027 (PoCIDIF), Priority 2 – Digitalization in central public administration and the business environment, Action 2.2 E-Government and Digitalization for the Benefit of Citizens - 2.2.1: E-Government in Public Administration/Institutions, Measure 1: Public services intended for citizens and/or companies identified in the CSP managed by ADR and/or in accordance with the eGuv Policy

Overall objective of the project:

Implementation at the ASF level of an integrated IT system to support the authority in carrying out its current regulatory, authorisation/approval, supervision and control activities, by integrating, streamlining and automating internal work processes and flows, so as to improve the authority's business functions and contribute to ensuring financial stability and the sound functioning of non-bank financial markets, as well as strengthening consumer protection through digital transition and technological innovation.

Specific objectives of the project:

1. Developing and increasing the efficiency of electronic public services provided by ASF;
2. Making public services provided by ASF accessible through the use of high-performance electronic means;
3. Streamlining the internal work of ASF;
4. Training the staff who will manage and use the new IT system;
5. Implementing a modern, fast, and efficient decision-making process for authorising, supervising, and controlling the non-banking financial market.

Expected results:

• Streamlining and aligning operational flows across the institution with modern, European-standard tools, by digitising internal analysis flows and efficiently allocating resources to value-added activities that support the institution's objectives;
• Improving the quality of services provided to businesses and citizens and expanding the range of online services.

The total eligible value of the project, including VAT, is RON 96,431,985.00, of which the eligible non-reimbursable value from the ERDF is RON 72,275,096.77 and the eligible non-reimbursable value from the national budget is RON 24,156,888.23.

Project start date: 26 May 2025

Project completion date: 25 April 2028

Project co-funded by the European Regional Development Fund through the Smart Growth, Digitalization and Financial Instruments Program Programme 2021-2027.

For more information, please contact the project at comunicare@asfromania.ro .