Bank of Cyprus Expands Integral Relationship

Bank of Cyprus has expanded its existing partnership with Integral to offer real-time pricing and risk management capabilities as part of its online banking platform.

The roll out will see the bank offer instant debiting and crediting of accounts without any additional charges and the services will be delivered via a range of API formats, offering integration with existing systems. Integral says the deal makes Bank of Cyprus the first Cypriot bank to offer e-trading services to its clients.

“Integral’s advanced technology along with our close working relationship has helped us expand our trading business, supporting the foreign exchange transactional needs of our banking clients in Cyprus,” says Michael Kyrou, manager of global markets & treasury sales at Bank of Cyprus. “Overall, this contributes to a more seamless client experience, on top of offering highly competitive pricing.”

Harpal Sandhu, CEO of Integral, adds, “We are supporting another leading regional bank with their online banking and risk management capabilities, in a bid to make transactions even faster and more automated. This partnership represents the increasing shift towards use of cloud-based technologies to reduce complexities within banking systems. As banking becomes increasingly digital, Bank of Cyprus will benefit from our dynamic SaaS offering, enabling them to deliver highly configurable embedded FX solutions to their customers.”