Bank of Cyprus taps Dovetail to build payment hub

Source: Dovetail

Dovetail, the provider of best-in-class payments and liquidity management solutions, has today announced that Bank of Cyprus has selected the Dovetail Payment Solution to equip the bank with payment hub functionality covering SWIFT, Target2, SEPA Credit Transfer and Direct Debits.

The project will provide the payments foundation for its on-going digital transformation program.

Commenting on the news Dr.Andreas Stylianou, Manager Organization and Change, from the Bank of Cyprus said: ‘Payments are the life blood of our business. We needed a modern, proven payments solution that could address not only our immediate needs, but also our future payment initiatives. We selected Dovetail as a best-in-class solution. Their implementation processes and team made them uniquely qualified.”

“We are really excited that Bank of Cyprus has chosen Dovetail’s award-winning solution as a core element of their digital payments transformation. It enables the bank to make a step change in their payments business, by providing an efficient, technologically advanced solution that is easy to integrate with their existing systems and gives the flexibility and agility that the bank was looking for in enhancing their customer offerings without compromising their operational excellence”, said Martin Coen, CEO.

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