MAP S.Platis Secures Payment Institution License from Central Bank of Cyprus

<p>MAP
S.Platis, a regulatory and financial advisory firm, has obtained a Payment
Institution license on behalf of one of its clients. The Central Bank of Cyprus
granted this license.</p><p>MAP
S.Platis in Financial Services</p><p>The
company has continued in obtaining Payment Institution licenses throughout the
year. The firm is currently assisting clients in their pursuit of Electronic
Money Institution and Payment Institution licenses, while also providing
support to clients who are already navigating the regulatory landscape.</p><p>Demetris
Taxitaris, the CEO of MAP S.Platis Group, expressed his satisfaction,
stating: "For over two decades, MAP S.Platis has been engaged in the
financial services industry, including fintech, and we remain fully committed
to its growth. We leverage our team's extensive technical expertise and
multidisciplinary knowledge to ensure the success of every application."</p><p>Taxitaris
added: “Obtaining a neobank / digital bank license can often be a challenging
process for firms, and this achievement underscores our commitment to helping
our clients navigate the regulatory landscape and it's a testament to the hard
work and unparalleled regulatory consulting expertise of our team.” </p><p>“We
are proud for this significant milestone for our client, and we look forward to
continuing to support our clients in their financial endeavours. We're thankful
to the CBC for their cooperation and the positive outcome.” </p><p>Range
of Services Offered by MAP S.Platis</p><p>Earlier,
<a href="https://www.financemagnates.com/">Finance Magnates</a> reported that <a href="https://www.financemagnates.com/forex/map-s-platis-concludes-second-cysec-regulatory-services-agreement/">MAP
S.Platis had successfully completed its second agreement</a> with the Cyprus
Securities and Exchange Commission (CySEC). Under this agreement, MAP S.Platis provided
its services to assist CySEC in investigating potential violations of existing
frameworks by Cypriot Investment Firms, related to the regulator's public
tender 07/2020.</p><p>Cyprus
is home to numerous financial service companies, and <a href="https://www.financemagnates.com/tag/cysec/">CySEC</a> monitors market
players for any violations. MAP S.Platis offers a wide range of services in
regulatory technology, financial advisory, Blockchain, and professional
training. Their regtech services, provided under the MAP FinTech brand, include
regulatory reporting services such as MiFIR reporting, EMIR and SFTR reporting,
ASIC reporting, best execution monitoring and reporting, CRS/FATCA reporting,
eKYC, AML transaction monitoring, and market surveillance, among others. </p>

This article was written by Tareq Sikder at www.financemagnates.com.