About Bank of Cyprus
The Bank of Cyprus Group is the leading banking and financial services group in Cyprus, providing a wide range of financial products and services which include retail and commercial banking, finance, factoring, investment banking, brokerage, fund management, private banking, life and general insurance. The Bank of Cyprus Group operates through a total of 99 branches in Cyprus, of which 13 operate as cash offices. Bank of Cyprus also has representative offices in Russia, Ukraine and China.
The Bank of Cyprus Group employs 3,672 staff worldwide. At 31 December 2019, the Group’s Total Assets amounted to €21.1 bn and Total Equity was €2.3 bn. The Bank of Cyprus Group comprises Bank of Cyprus Holdings Public Limited Company, its subsidiary Bank of Cyprus Public Company Limited and its subsidiaries.
For more informations : www.bankofcyprus.com
HPS announced that Bank of Cyprus, the largest banking and financial services group in Cyprus, completed the migration to HPS’ PowerCARD
Nicosia & Casablanca, May 28th , 2020 - HPS, the leading multinational provider of payment solutions, today announced that Bank of Cyprus, the largest banking and financial services group in Cyprus, completed the migration to HPS’ PowerCARD solution to replace its legacy systems.
After having successfully migrated its Switch from Base24 to PowerCARD-Switch, Bank of Cyprus completed the migration of its Card Management System from Bevertec to PowerCARD-Issuer.
With PowerCARD, the bank now completely relies on a powerful, future-proof and flexible platform to offer new products and services. This gives Bank of Cyprus access to a modern and digital payment platform that processes any transaction from any channel, initiated by any means-of-payment.
Markos Shiarly, Manager Cards & Payments at Bank of Cyprus
“With PowerCARD, we are now in a position to launch new, innovative and disruptive card payment solutions in the spirit of continuous improvement and enhanced customer experience. We have further optimized the time-to-market duration of new products and improved our system availability. Despite all our legacy’s platform specificities, HPS has successfully migrated our Switching and Card Management System activities to PowerCARD.”
Sebastien Slim, Regional Director for Europe at HPS
“We are proud to be Bank of Cyprus’ strategic partner in the implementation of their new Switch and Card Management System. HPS is a trusted partner and a veteran in matters of change and modernization, with extensive and acute expertise in legacy systems’ replacement. We have production-proven migration processes and tools including well identified step-by-step actions, migration loading routines ready from day 0, agile cutover preparation through multiple dress rehearsal, and a flexible migration strategy.”