Bank of Cyprus launches Praxis for business clients

Bank of Cyprus has launched a new service called Praxis aimed at offering business clients a 24-hour service. By using Praxis, clients can apply online for letters of credit, bills of collections and letters of guarantee and access information on their commercial transactions from the comfort of their offices.

Praxis is a system that abolishes time constraints on business, allowing corporate clients to transact and follow deals at any given time, in total security and save time, BOC CEO Andreas Eliades said.

The system can also cater for a number of companies which belong to the same group, allowing different level of authorisation for each user. Praxis is user-friendly with templates and on line help facilities.

BOC presented Praxis to corporate leaders last week during a presentation at the Bank’s head quarters building, where 500 clients attended and saw first hand the advantages of Praxis.