Bank of Cyprus is consolidating all information technology systems under a common IT platform to decrease the cost of maintenance and operational support of its IT infrastructure. The solution from Misys will be at the core of this '1bank' concept, enabling the bank to consolidate its core banking systems into one, reducing costs and improving efficiencies, said Misys.

Leonidas Isodiou, general manager for group information technology and organization & methods at Bank of Cyprus, said: "One of our strategic priorities is to consolidate our presence in our main markets and widen our global footprint, specifically in Russia, Ukraine and Romania.

"Misys has clear expertise in helping international banks like us to manage their growth and maintain the high level of service our customers expect. We see Misys as a strategic partner and are excited by the business plans the company has shared with us and the strategy and future roadmap of BankFusion Equation."

A service of YellowBrix, Inc.