Prognosys Solutions celebrates 20 years of regulatory compliance in Cyprus

Prognosys Solutions has celebrated its 20th anniversary of providing regulatory reporting solutions for the banking and financial industries in Cyprus.

The Friday, 20 September event, attended by industry leaders, clients, partners, and employees, highlighted the company’s two decades of achievements, innovation, and strategic vision for the future.

Established in January 2004 by Elias Afxentiou, Prognosys Solutions has grown from a pioneering startup into a national market leader.

"The company’s commitment to excellence and innovation has not only cemented its dominant position locally but has also propelled its expansion into international markets, particularly in Europe and the Middle East, where its products are highly regarded for their maturity and quality," a press release on the anniversary notes.

The celebration event was a nod to 2004, the year Prognosys Solutions was born—a year of unique technological breakthroughs and cultural milestones. This theme was reflected throughout the evening as attendees were treated to a series of surprises, including a holographic appearance by the company’s founder.

Reflecting on the company’s journey, Elias Afxentiou said, “Prognosys Solutions was founded with a vision to transform the regulatory reporting landscape. Over the past 20 years, we have achieved that vision and set new standards in the industry. Our success is a testament to our team's dedication, our clients' trust, and our relentless pursuit of innovation. As we look to the future, we remain committed to continue driving excellence and delivering solutions that empower financial institutions worldwide.”

"Prognosys Solutions helps financial institutions around the globe automate, simplify, and streamline their regulatory, compliance, financial, tax, and risk reporting. The company’s comprehensive solutions ensure that institutions can meet their reporting obligations efficiently while maintaining the highest standards of quality and consistency. Prognosys Solutions remains the go-to partner for regulatory reporting in local and international markets, constantly updated to align with the latest laws, directives, and regulations," the press release also noted.

To mark the occasion, all guests received a specially designed commemorative book titled 'Foundations of the Future: The Story of 2004,' a gift specifically crafted for the event that symbolizes the company’s deep connection to its origins and forward-looking vision.

"As Prognosys Solutions enters its third decade, the company remains focused on expanding its reach and enhancing its offerings to meet the evolving needs of the regulatory reporting sector. With a strong foundation and a clear vision for the future, Prognosys Solutions is poised to continue its leadership and innovation for many years to come. For more information about Prognosys Solutions, please visit www.prognosys.com.cy," the press release concluded.