Cambrist launches CBPR2 (EU2019/518) Compliance Solution with Banque Internationale à Luxembourg
Cambrist Ltd, one of Ireland’s leading fintech companies, today announces the launch of its Notify compliance solution with Banque Internationale à Luxembourg (BIL). With Cambrist Notify’s flexible and comprehensive regulatory solution, BIL can meet their obligations under this new regulation and provide a clear and real-time comparison of currency conversion costs for their Card programmes.
Cambrist’s Notify service is a comprehensive solution for Issuers and Payments Processors for all stages of the CBPR2 (EU2019/518) regulations. It centrally aggregates card scheme and ECB foreign currency rates, provides automated cost comparison to ECB currency rates, identifies CBPR2 relevant transactions, issues the required electronic message to cardholders and provides the reporting and analysis to demonstrate compliance to the authorities. Notify can be accessed via API or alternative methods as required by client.
Stuart Green, Cambrist’s Chief Revenue Officer said, “We are honoured to partner with an innovative Bank such as Banque Internationale a Luxembourg to solve for this regulatory requirement. Notify reduces the cost and simplifies the process of delivering compliance with CBPR2 (EU 2019/518) requirements.”
About Banque Internationale à Luxembourg
Founded in 1856, Banque Internationale à Luxembourg (BIL) is the oldest multi-business bank in the Grand Duchy. It has always played an active role in the main stages of development of the Luxembourg economy. It currently operates in retail, private and corporate banking, as well as on financial markets. Employing more than 2,000 people, BIL is present in the financial centres of Luxembourg, Switzerland, Denmark, and China.
For more information please visit www.bil.com
About Cambrist
Cambrist is an award-winning technology company enabling payment card issuers & processors to better manage the foreign exchange requirements of their card programmes. Our proprietary SaaS platform and advanced data analytics, combined with our team of industry veterans & experts, supports customers around the globe.
Learn more about Cambrist at www.cambrist.com or contact us at info@cambrist.com