MEA | Business Awards 2025 14 Regulatory Reporting Provider of the Year 2025 - EMEA Based in Nicosia, Cyprus, A.E. Prognosys Solutions Limited helps clients in the financial industry simplify and streamline regulatory reporting and compliance. Established in 2004, the company’s mission is to ensure its clients meet their reporting obligations easily and quickly while improving the quality and consistency of information. CEO Elias Afxentiou tells us how Prognosys Solutions has evolved in this fast-paced industry. n today’s financial landscape, standing still isn’t an option. Regulations shift, markets evolve, and technology races ahead, often all at once. For financial institutions, regulatory reporting has become a high-stakes balancing act between speed, accuracy and compliance. To stay compliant without slowing the business down, firms need smarter, more agile regulatory reporting technology designed for a world where change is the only constant. Working in an industry that bridges technology and regulatory development is not for the faint-hearted. Staying ahead of the curve in both disciplines is challenging in the extreme. But one company that stands out for its understanding and expertise in the RegTech arena is Prognosys Solutions. By helping the financial industry simplify its regulatory reporting, the company is equipping its clients with a better understanding of the landscape, thereby improving standards of financial advice and guidance. With over 20 years’ experience in regulatory technology, Prognosys Solutions’ extensive knowledge enables the company to supplement regulatory requirements with data and business validations. This results in significant improvements to reporting outputs. But it’s the company’s approach to working with each client as an individual that really stands out. Elias explains: “Working in technology, one may not expect to hear this, but our unique selling points are honesty and trust. These are the driving forces behind all our relationships. For us, there are no big or small clients. Every client is equally important. Our clients don’t typically see us as a third-party vendor but rather as an extension of their own regulatory or IT team. They know they can depend on us and that we’ll do everything in our power to ensure their needs and requirements are met. More often than not, we exceed their expectations.” Ensuring that all solutions are constantly updated to align with the latest legislation, directives and regulations is a task that requires the highest levels of proactivity and professionalism. As regulatory reporting obligations increase in volume and complexity, Elias tells us about the company’s approach to change: “It can feel like a never-ending story, but it’s what motivates us to keep learning, improving and adapting. Our dedicated team of analysts monitor industry trends and developments, and we take a similar approach to technology. We begin experimenting with new technologies affecting our sector as early as possible. By doing this, we gain essential experience. This enables us to find the most efficient way of integrating them into our existing products.” Being based in Cyprus, on the border of Europe, Asia and Africa, Prognosys Solutions has capitalised on its unique location to generate opportunities for growth and partnership. Working initially with clients in Cyprus, the company refined its solutions in a relatively small, controlled environment before taking the logical step to expand into the rest of the EU. Later, its strategic geopolitical location gave Prognosys Solutions easy access to Middle East markets. Elias says: “Having the experience from the EU gave us a head start in these countries. Our unique perspective on the Middle East enabled us to make our solutions even more flexible and adaptable. This inevitably led to additional innovation, allowing us to offer our customers more featurerich solutions.” Prognosys Solutions’ primary focus for 2025 has been on restructuring the company to expand into new markets. Partnerships are now cemented with Fusion Compliance Technologies for the Middle East and Infonet Systems Integration for central and eastern Europe. With further expansion plans beginning to materialise, Prognosys Solutions looks set for great things in 2026. Contact: Elias Afxentiou Company: A.E. Prognosys Solutions Ltd Web Address: https://prognosys.com.cy/ I
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