ABBank selects Cambrist’s Notify Solution for CBPR2 Compliance
March 10th, 2022 – Cambrist Ltd, an award-winning financial services technology company, today announces that Aegean Baltic Bank S.A. in Greece has chosen its Notify solution for CBPR2 compliance.
Cambrist’s Notify solution will provide ABBank with fully managed solution for compliance with phase I of the European Union’s cross-border payment regulation (EU CBPR2 2019/518). Notify will ensure that ABBank meets its regulatory obligations to present timely and accurate foreign currency card payment pricing to its customers.
Ross Leonard, Cambrist’s Chief Commercial Officer said: “We are pleased to announce the use of our Notify compliance solution by ABBank in Greece. Notify enables convenient and effective CBPR2 compliance as a fully managed service or API-only solution. Currency pricing and cost transparency is increasingly important now that cross-border card payments are returning to pre-pandemic levels.”
Takis Nikitarakos, Head of Operations and General Administration at ABBank said: “Cambrist’s Notify solution enables us to meet the obligations of the Cross Border Payments Regulation, CBPR2, while minimising changes in our own systems and removing complexities deriving from the requirements.”
Cambrist’s Notify solution automates foreign currency cost calculations associated with payment card transactions and delivers relevant exchange rate information to cardholders, pursuant to the EU Cross-Border payment regulation (2019/518). The solution currently provides CBPR2 compliance for well over 100 payment card programmes in 24 languages and 12 currencies across Europe.
About Aegean Baltic Bank
ABBank was founded in December 2002. The Bank started as a specialist in the sector of shipping and since the early days of its operation, it gained the trust of the participants in this demanding and specialized market. It was soon found among the major trustees of syndicated loans in Greece.
After a thorough investigation and assessment of the constantly changing economic environment and market’s current needs, the Bank has extended its activities by providing banking and investment products and services to a wide range of customers, including Individuals, Medium-size and Large enterprises.
From the privately owned offices in Maroussi, where Bank’s headquarters are hosted, and its branches in Piraeus and Glyfada, ABBank offers long-term support and commitment to its customers.
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