Bank of Cyprus secures international award for high-standard payment systems

The Bank of New York has awarded the Bank of Cyprus (BoC) with the ‘STP AWARD 2025’ for a fourth consecutive year, in recognition of the high-quality procedures the bank follows in the area of fund transfers via the SWIFT system, according to its announcement.

In this context, the Bank of New York is one of the correspondent banks with whom BoC cooperates for US dollar transactions.

The award was awarded to the bank in recognition of the fact that 98 per cent of payments were Straight Through Processing...