HYPERION ECONOMIC JOURNAL

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• Leliana Diana BOLCU, PhD Student, Affiliation: Valahia University of Targoviste, Romania;
• Lucian Cosmin BĂDĂLĂU, PhD Student, Affiliation: Valahia University of Targoviste, Romania;
• Veronica ȘTEFAN, PhD Professor, Affiliation: Valahia University of Targoviste, Romania;

At the present time, in Romania, the development of online services in the financial field is in a continuous change and adoption of new technologies. The tools used on the financial-banking market in our country differ from the tools used in Western European countries where this field has implemented a series of technological means in order to make services in the financial field more efficient. Open Banking, through open data standards and the interconnection of financial institutions, enables fast and secure access to customers' financial information, creating an enabling environment for automating repetitive tasks and providing personalized accounting services. Through this paper, we follow the analysis of accounting services through Open Banking technology as a significant trend in the financial-accounting sector in Romania, which offers important opportunities for streamlining processes and improving the quality of services. In order to achieve the research objectives, we will use content analysis as a research method by studying specialized articles published in recent years and up to now. We believe that the eventual outcomes of using Open Banking will consist of identifying the first stages of a digital transformation model that could benefit both accountants and their clients. However, the digitization of accounting services with the help of Open Banking technology can also bring challenges related to data security and confidentiality of financial information. In conclusion, the digitization of accounting services with the help of Open Banking technology represents a significant evolution in the field of accounting, bringing significant benefits to accountants and their clients. By correctly implementing technological solutions and appropriate security measures, this transformation can contribute to increasing the efficiency and quality of accounting services in the digital age.

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