The Central Bank of Cyprus which is embarking on a new digital onboarding project has offered a tender to two companies, Aqubix Ltd and Infocredit Group Ltd. The joint collaboration will implement Aqubix’s KYC portal, which supports regulatory compliance and risk management for customer onboarding, and data capabilities to protect existing and new credit customers.
Aqubix boasts solutions to store and retrieve big data which enables the financial sector to operate in a consumer-empowered economy and assess risks. Without the need to visit physical branches, customers of credit institutions across the Cypriot banking landscape can easy onboarding, secure verification and authentication to give banks full assurance of knowing their customer. The agreement has secured a myriad of banking institutions onboard including the Bank of Cryprus, Hellenic Bank, the Cyprus Development Bank and Eurobanks with the support of the Bank of Cyprus governor.
