Name

IT Smart Systems

Legal name

IT SMART SYSTEMS S.R.L.

Website

https://itsmartsystems.eu

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Enterprise Digital Transformation & System Integration

NAICS

Computer Systems Design and Related Services (5415), Computer Systems Design Services (541512), Custom Computer Programming Services (541511), Other Computer Related Services (541519)

SIC

Services-Computer Integrated Systems Design (7373), Services-Prepackaged Software (7372), Services-Computer Programming Services (7371)

akta.pro primary industry

Enterprise Architecture & Technology Roadmapping (BPAEAAAC)

akta.pro secondary industry

Enterprise Architecture & IT Operating Model (BPAHAEAB)

Keywords

• Digital transformation services
• Open banking solutions
• Digital identity management
• System integration consulting
• Enterprise cloud services

Headquarters

HQ city

Bucharest

HQ country

Romania

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. System Integration and Digital Transformation Consulting: Professional services engagement including staff augmentation, managed project delivery (Full Squad Allocation), and expert consulting engagements scoped to address specific client challenges. Works closely with client delivery management teams with full squad allocation from ITSS and support from customer teams.
2. Proprietary Software Products: Licensing and delivery of proprietary products including Ryke (payment/PFM app), Harp (HR System of Records), Momentum (Digital Identity), Fintech App Accelerator (FiMA), SmartPG Suite (Open Banking), and ITSS Recycles (Deposit-Refund System). Products are modular and extensible to a wide range of financial services, insurance, mortgage, and telco use cases.
3. Partnership-driven Delivery Revenue: As an authorized delivery partner of Ping Identity in the EMEA region, ITSS generates revenue through implementation, integration, and consulting services tied to the Ping Identity platform. Also engaged as a Third-Party Provider authorized by the National Bank of Romania for open banking services.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

IT Smart Systems is a European system integrator and digital transformation consultancy that delivers enterprise software products and professional services across digital identity, open banking, omnichannel banking, cloud transformation, and GenAI/Agentic AI automation. It combines proprietary products (Ryke, Harp, Momentum, SmartPG Suite, FiMA, ITSS Recycles) with consulting, staff augmentation, and managed project delivery for clients in banking, financial services, retail, and telecommunications.

Product overview

IT Smart Systems is a system integrator offering a portfolio of named products and professional services. The product portfolio includes Ryke (local non-bank payment/PFM app), Fintech App Accelerator/FiMA (fintech development gateway), Harp (HR performance management system), Momentum (Digital Identity as Code), SmartPG Suite (Open Banking/EU regulatory compliance), and ITSS Recycles (Romanian deposit-refund system). Services span GenAI and Agentic AI for enterprise automation, Systems of Engagement for omnichannel CX, Business Logic & Decisioning for back-office, Digital Identity security, Open Banking & EU Regulation (with Third-Party Provider authorization), Cloud Transformation, Innovation & Early Adopters, and System of Records & Operational. The company operates as a Ping Identity delivery partner specializing in Digital Identity, Open Banking, BPM, Omnichannel Banking, Cloud, and Analytics & BI.

Differentiator

Problem solved

Functional benefit

Brands

• Ryke: Local non-bank payment and PFM app introduced by Open Banking and EU Regulations.
• Fintech App Accelerator (FiMA)
• Harp
• Momentum
• SmartPG Suite
• ITSS Recycles (ITSS Reciclează)

Products and services

• Ryke Local non-bank payment and Personal Finance Management (PFM) application that leverages Open Banking and EU Regulations to enable financial services access for end users.
• Fintech App Accelerator (FiMA) Gateway solution for fintech app development enhanced through Open Banking connectivity, enabling rapid financial product origination for fintechs and established financial services firms.
• Harp HR System of Records application that automates performance management, OKR tracking, feedback collection, benefits administration, and employee development workflows for organizations seeking to improve HR efficiency and employee engagement.
• Momentum Digital Identity solution that enables Identity as Code for streamlined digital business partnerships and automated identity verification workflows.
• SmartPG Suite Comprehensive suite addressing Open Banking and EU regulatory compliance requirements for both fintechs and established financial institutions, including PSD2-compliant API integration and automated financial data aggregation.
• ITSS Recycles (ITSS Reciclează) Digital transformation solutions for Romania's Deposit-Refund System (SGR) that drive responsible waste disposal through technology.
• GenAI and Agentic AI Services Enterprise automation services using Generative AI and Agentic AI for intelligent agents, real-time decisioning, and operational efficiency, leveraging AWS Bedrock with Anthropic Claude 2 and embedding-based knowledge retrieval.
• Digital Identity Services Cloud-powered digital identity security services providing secure access management, CIAM, workforce identity, passwordless authentication, MFA, and fraud prevention, delivered as Ping Identity's EMEA authorized delivery partner.
• Open Banking & EU Regulation Services Digital payments and automated financial data aggregation services delivered as the first authorized Third-Party Provider by the National Bank of Romania, supporting PSD2 compliance and EU open banking initiatives.
• Cloud Transformation Services Cloud infrastructure services providing streamlined processes, enhanced security, and increased flexibility through AWS-native architectures including managed Kubernetes and serverless deployments, with CDC real-time streaming solutions.
• Systems of Engagement Services Omnichannel customer experience transformation services for banking and retail digital channels, designed to empower businesses to transform customer experience through an Omnichannel approach.
• Business Logic & Decisioning Services Back-office process coordination and business logic automation services that efficiently orchestrate essential procedures for a seamless customer journey execution.
• System of Records & Operational Services Core banking system maintenance, development, and modernization services for complex operational requirements, ensuring systems of record remain current and integrated with new digital channels.
• Innovation & Early Adopters Services Cutting-edge technology testing and validation services through an Innovation Hub program, helping clients leverage emerging innovations in AI, cloud, and digital identity for early product-market fit.

Quantifiable outcome

• A fashion retailer increased revenue by $15M annually and cut fraud costs by $5M with Ping's ATO defenses (implemented through ITSS/Ping Identity partnership).
• +3 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability9 records

Feature6 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Ping IdentitycoreGTM or Marketing Partner · 8 April 2025Co-hosted a debate in Bucharest on the European Digital Identity Wallet (EUDI Wallet), bringing together experts from banking, telecommunications, retail, and technology. The event discussed implementation of the EUDI Wallet across EU member states by November 2026. This joint event reinforces the strategic partnership positioning both companies as thought leaders in EU digital identity.
• Ping IdentitycoreTechnology or Integration · 8 October 2024IT Smart Systems is an authorized delivery partner and EMEA Partner of the Year for 2024 (the highest partner recognition tier). The partnership focuses on delivering Ping Identity's digital identity solutions including PingOne Advanced Identity Cloud, Verified Trust for Workforce, and fraud prevention. The collaboration spans customer identity (CIAM) and workforce identity use cases across European enterprise clients. Joint go-to-market includes co-hosted events, workshops, and integrated solution delivery.
• Amazon Web Services (AWS)coreTechnology or IntegrationIT Smart Systems leverages AWS as its primary cloud platform for client implementations. Technologies used include Amazon Bedrock (Generative AI), Amazon MSK (Managed Kafka), Amazon RDS, Amazon EC2, Amazon Aurora Vector Database, AWS Lambda, and AWS IAM. AWS infrastructure underpins the company's cloud transformation and AI/GenAI service offerings.
• European Fintech AssociationsminorOthersIT Smart Systems is a driving member of European Fintech Associations, participating in industry advocacy, standards development, and regulatory dialogue across the European fintech ecosystem.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Thoughtworks: Global digital transformation consultancy specializing in custom software engineering and technology consulting for financial services and other regulated industries; comparable in technology-led delivery model and enterprise client focus.
• Tremend Software: Romanian-headquartered software engineering and consulting firm delivering custom software development for banking, telecom, and retail; directly comparable in Romanian origin, financial services focus, and system integration model.
• Netcompany: Danish IT services and digital transformation firm with strong Nordic and UK public-sector and financial services presence; comparable in size, regional focus on Europe, and system integration offering to regulated clients.
• Endava: UK-headquartered IT services firm with major Romanian delivery operations providing digital transformation and custom software engineering for financial services clients; directly comparable in size, geographic footprint, banking focus, and system integration model.

Broad incumbents

• Atos: European IT services leader with significant banking and public sector practices; directly competes on EU digital identity, open banking, and core banking modernization opportunities.
• Accenture: World's largest consulting and systems integration firm with dedicated financial services and digital identity practices; the dominant incumbent ITSS competes against on large EU transformation programs.
• Capgemini: Global SI and consulting leader with deep European banking and open banking practice; competes with ITSS on enterprise digital transformation, cloud migration, and identity modernization deals in EU markets.
• Cognizant: Global IT services giant with substantial financial services and digital practices; serves as a broader incumbent that competes for the same enterprise transformation deals that ITSS pursues.
• Sopra Steria: European-headquartered IT services firm with strong presence in banking, financial services, and public sector across France, UK, and Nordics; comparable European SI competing for similar regulated-industry transformation deals.
• Genpact: Global professional services firm focused on banking, financial services, and insurance digital transformation; competes with ITSS on enterprise systems integration and process automation engagements.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/itsmartsystems.eu
• LinkedInlinkedin.com/company/itsmartsystems
• Instagraminstagram.com/itsmartsystems

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IT Smart Systems