Cambrist launches Compliance Solution with Alpha Bank
September 1, 2020 – Cambrist Ltd, one of Ireland’s leading fintech companies, today announces the launch its fxNOTIFY compliance solution with Alpha Bank S.A. in Greece.
Cambrist’s fxNOTIFY product suite provides Alpha Bank with a fully managed solution for compliance with the European Union’s crossborder payment regulation (EU 2019/518) and ensures that Alpha Bank presents timely and accurate foreign currency card payment pricing to its customers.
Mr. Jacob Claflin, Cambrist’s co-founder & CEO said, “We are very pleased to announce the further expansion of our compliance services with the launch of fxNOTIFY with Alpha Bank in Greece. As businesses & consumers exit this period of Covid-19 restrictions and begin to travel again, crossborder pricing and cost transparency is more important than ever.”
Mr. Grigorios C. Politis, Manager Cards and Personal Loans Division said, “Cambrist’s fxNOTIFY solution provides the foreign currency data management services we required, as we strive to provide the crossborder payment pricing transparency required by the regulation and expected by our Customers.”
Cambrist’s fxNOTIFY solution automates foreign currency cost calculations associated with payment card transactions and delivers relevant exchange rate information to cardholders, pursuant to the EU crossborder payment regulation (2019/518).
About Alpha Bank Group
The Alpha Bank Group is one of the leading Groups of the financial sector in Greece. It offers a wide range of high-quality financial products and services, including retail banking, SMEs and corporate banking, asset management and private banking, the distribution of insurance products, investment banking, brokerage and real estate management. The Parent Company and main Bank of the Group is Alpha Bank, which was founded in 1879 by J.F. Costopoulos. Today, it operates in Greece, Cyprus, Romania, Albania, Luxembourg and the UK. It employs more than 10,500 employees internationally. https://www.alpha.gr
About Cambrist Ltd.
Cambrist Ltd provides SaaS data processing solutions to retail banks, e-money issuers and their processing partners and specializes in the crossborder card payments value-chain. Cambrist is a graduate of the Accenture Fintech Innovation Lab, the Enterprise Ireland New Frontiers Programme and the winner of both the 2019 Ireland National Startup Awards and 2017 PwC Docklands Innovation Award. Learn more about Cambrist at www.cambrist.com or contact us at info@cambrist.com.