MAP S.Platis has recently announced the successful acquisition of a Payment Institution (PI) license from the Central Bank of Cyprus (CBC).
This significant achievement adds another feather to the cap of MAP S.Platis, marking it as a key player in the FinTech industry.
The firm’s CEO, Demetris Taxitaris, expressed his pride in the company’s commitment to the FinTech industry, spanning over two decades. He emphasised the depth of their engagement in financial services, including both FinTech and InsurTech sectors. Taxitaris highlighted the company’s comprehensive approach, leveraging its technical expertise and multidisciplinary knowledge to ensure the success of every application.
The recent accomplishment of securing a PI license demonstrates MAP S.Platis’ proficiency in navigating the intricate regulatory landscape. Taxitaris underscored the complexities involved in obtaining a neobank or digital bank license, noting that this achievement is a testament to the hard work and unparalleled regulatory consulting expertise of the MAP S.Platis team.
Furthermore, MAP S.Platis is not just focused on its achievements but is also actively assisting a lineup of clients in their pursuit of Electronic Money (EMI) and Payment Institution (PI) licenses. The company is dedicated to providing support to other clients who have embarked on similar journeys.
In his statement, MAP S.Platis Group CEO Demetris Taxitaris said, “For over two decades, MAP S.Platis has been deeply engaged in the financial services industry including FinTech, and we remain fully committed to its growth. We leverage our team’s extensive technical expertise and multidisciplinary knowledge to ensure the success of every application.”
He added, “Obtaining a neobank/digital bank license can often be a challenging process for firms, and this achievement underscores our commitment to helping our clients navigate the regulatory landscape and it’s a testament to the hard work and unparalleled regulatory consulting expertise of our team. We are proud of this significant milestone for our client, and we look forward to continuing to support our clients in their financial endeavours. We’re thankful to the CBC for their cooperation and the positive outcome.”
This successful acquisition from the CBC signifies MAP S.Platis’ unwavering commitment to advancing in the FinTech realm and supporting its clients’ financial aspirations.
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