From 1st January 2024, all Payment Service Providers (PSPs) operating in the EU will have the obligation to report cross border payments to local authorities on a quarterly basis. This data will be centralized into a European database, the Central Electronic System of Payment Information (CESOP) where it will be strored, aggregated and cross-checked with other European databases.
A.E. Prognosys Solutions Limited, in continuing to provide our clients with high quality Regulatory Reporting solutions is happy to announce that we have completed the development and testing of our CESOP Monitoring and Reporting solutions and we are already live with a number of PSPs.
All the details about CESOP readily available to you:
CESOP-in-detail.pdf
For more information or to arrange a meeting/demo please contact us directly by phone at +357 22 456400 or by email at info@prognosys.com.cy or through our authorized distributor in Greece
Infonet Systems Integration Ltd.