Insight
MoneyGate in Cyprus goes live with CapitalBanker™ from Capital Banking Solutions.

Paris – November 2022 – Capital Banking Solutions announced today that the Cypriot Fintech EMI MoneyGate has gone live with CapitalBanker™ , the core banking platform from Capital Banking Solutions. The project was awarded to Capital Banking Solutions and FINARTIX Fintech Solutions SA

This partnership will allow corporate users of MoneyGate to send, manage and receive instant multi-currency payments alongside with the possibility for further extension of intelligent financial management tools all within a single app. According to MoneyGate, Capital Banking Solutions’ banking functionality and API-first, micro services-based technology allows MoneyGate to design, build and launch the service from scratch in just 4 months. With new open banking regulations, Capital Banking Solutions’ APIs also enable MoneyGate to integrate with a range of external systems to help create its multiple intelligent financial management applications and drive its product and service innovation. EMI MoneyGate will initially be available in the Cypriot and Greek market with plans to extend the offering to customers in other European countries and the UK.

The partnership of Capital Banking Solution with FINARTIX Fintech Solutions SA, added significant value to the project, driving to a smooth implementation of MoneyGate new platform.

FinTech MoneyGate aims to simplify daily financial management for private individuals, entrepreneurs, freelancers, start-ups and already successfully working businesses of different industries by automating financial and accounting tasks in a single app. The collaboration also enables the FinTech to build and launch new payment products that are GDPR/PSD2 compatible. Moreover, MoneyGate is extending its collaboration with Capital Banking Solutions by deploying its full fledge compliance services for Anti-Money Laundering and tax evasion.

Samer Hanna, CEO of Capital Banking Solutions, said, “We are proud to celebrate the launch of MoneyGate. Capital Banking Solutions has become the de facto tech technology platform of choice for digital challenger banks and Fintechs that want to launch fast and innovate rapidly. As MoneyGate has shown, our technology enables challengers to create hyper-efficient business models that deliver more value to their customers. Capital Banking Solutions has a strong presence in the CEE region and we look forward to supporting FINCI as it expands into new markets and leverages the agile product building capabilities of our platform to enhance its offering and bring innovative new ways to improve its customers’ financial lives .”

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