ISX Financial EU PLC Welcomes Andreas Artemiou as Chief Risk Officer

ISX Financial EU PLC Welcomes a New Chief Risk Officer

ISX Financial EU PLC (ISXX), a prominent Electronic Money Institution authorized by the Central Bank of Cyprus, has announced the appointment of Andreas Artemiou as its new Chief Risk Officer (CRO). This significant leadership change is part of ISXX's strategic efforts to bolster its risk management capabilities and ensure compliance with regulatory standards.

As the CRO, Artemiou will oversee a comprehensive scope of risk management functions at ISXX, which includes credit risk, non-financial risk, cybersecurity, and chargeback management. His appointment is pending formal approval from the Central Bank of Cyprus, underscoring the importance of regulatory compliance in the financial sector.

A Leader with Extensive Experience

In welcoming Artemiou, ISX's CEO, Nikogiannis Karantzis, expressed enthusiasm about the appointment, noting that Artemiou’s vast experience in banking, regulatory commitment, and risk management acumen would play a vital role in ISXX's mission to expand its business while adhering to the highest standards of risk discipline.

Artemiou comes to ISX with a wealth of knowledge in various disciplines of risk management. His impressive background includes developing and implementing robust risk management strategies, aligning supervisory requirements with practical frameworks, conducting stress tests, and providing risk analysis insights. He has also been instrumental in supporting front-line teams in the effective implementation of risk management practices that align with business objectives.

His past leadership roles include serving on the Executive Committees of AstroBank Public Company Limited and Cynergy Bank, formerly Bank of Cyprus UK, where he engaged in overall bank management, strategic planning, and operational efficiency initiatives. His contributions significantly enhanced employee engagement with the banks’ vision, culture, and goals.

Strengthening Governance Frameworks

In his capacity as Chief Risk Officer, Artemiou will collaborate closely with ISXX’s Board of Directors, executive leadership, and regulatory authorities to further refine the company’s risk governance framework. This collaboration aims at supporting ISXX in achieving long-term growth while maintaining high risk management standards.

“I am excited to join ISXX during such a pivotal phase of its development,” Artemiou remarked. “Effective risk management is essential for driving innovation and ensuring sustainable growth. I look forward to working closely with the management team and the Board to enhance our risk management framework while enabling the organization to achieve its strategic objectives.”

ISX Financial EU PLC is dedicated to enhancing its governance and leadership capabilities as it broadens its digital financial services offerings. The strategic appointment of Andreas Artemiou as Chief Risk Officer reinforces the company’s commitment to sound risk management, strict regulatory compliance, and securing long-term stability in the rapidly evolving financial landscape.

About ISX Financial EU PLC

ISX Financial EU PLC is a leading banking technology company that leverages its proprietary technology to deliver tailored financial services for businesses within the European Economic Area and the UK. Its unified payment platform and infrastructure provide businesses with comprehensive transactional banking capabilities, enabling seamless A2A payments, currency exchange, remittances, and payment processing. For more information, visit www.isx.financial.