STARTUPPER - Greek Fintech FINARTIX has signed a contract with REALMODE SERVICES - under the brand name "MoneyGate" - for the supply, implementation and maintenance of the Core Banking central banking system.
MoneyGate has applied for an EMI license from the Central Bank of Cyprus, which will allow it to operate as an Electronic Money Institution. "neobank" intends to operate as a "one-stop shop" for its corporate clients, combining support for commercial and personal banking needs.
The selected core banking solution "Capital Banker" from FINARTIX Capital Banking Solutions partner, will be installed in the cloud and its implementation is planned to be completed within the 1st quarter of 2021.
Nicolas Treppides, founder of MoneyGate, successful entrepreneur with equity interests in various companies and founder of Treppides Investments & Holdings, commented: "Choosing the right technology partners is key to success in the fintech world. At Moneygate, we are convinced that Capital Banker is the right solution for the high expectations of the company and its future clients."
"We are excited to partner with a promising financial institution that has the stability and backing of a strong corporate investment group," said Andreas Diamanteas, Executive Chairman of FINARTIX. "We see a lot of potential in the growing EMI market and a gap of mature yet flexible core banking solutions to effectively support EMI operations. FINARTIX with its partner Capital Banking Solutions guarantees customers the opportunity to obtain a leading banking solution while they can benefit from a rationalized cost of investment."
It is noted that FINARTIX - a member of the Arhs Group - is a technology company that provides products, technologies and related services to the Greek and International Banking Market, delivering integrated solutions of significant added value.
The company offers a modern and technologically advanced portfolio of Banking Products from recognized International vendors for Core Banking, Payments, Card Management, Chargeback & Dispute Management, Digital Banking, BPMS/BI, Loans Automations as well as integrated services with recognized high level executives in the field of Banking IT.