Bright Beginnings: Hapic Launches with Geniusto [GO] Suite to Power SME Banking in Cyprus

Geniusto is proud to announce the successful go-live of Hapic, — a newly launched Electronic Money Institution (EMI) serving the SME sector in Europe, based in Cyprus, powered by Geniusto’s [GO] Suite. Following regulatory approval from the Central Bank of Cyprus, Hapic is now live and operational – bringing modern, intelligent financial services to small and medium-sized enterprises (SMEs) across the region.

From day one, Hapic chose to build its business on the Geniusto [GO] Suite – a modular, low-code, open-architected banking orchestration platform designed to accelerate innovation, ensure compliance, and scale with ambition. With Geniusto as its technology partner, Hapic has moved from licence to launch with speed, intelligence, and confidence.

The partnership enables Hapic to deliver seamless, customer-centric financial services tailored to the evolving needs of SMEs. Built with compliance at its core and automation at every layer, the [GO] Suite gives Hapic the digital foundation it needs to scale efficiently and serve its market with clarity and control.

The integration of Verification of Payee (VoP) within the [GO] Suite further strengthens Hapic’s commitment to security and compliance – helping prevent payment fraud and ensuring greater trust and transparency for SME clients. With Geniusto’s [GO] Suite – combining automation, regulatory intelligence, and Verification of Payee (VoP) controls – Hapic delivers a secure, compliant, and seamless banking experience designed around SMEs’ real needs.

Matthew Edmunds, Group CEO of Geniusto, said:
“Hapic’s launch marks a powerful step forward for SME financial services across the European Union, and we’re proud to be their technology partner from day one. By choosing Geniusto, they’ve embraced a platform that brings intelligence, speed, and scalability to the heart of their operations. We look forward to powering Hapic’s growth as they deliver exceptional digital experiences and reshape the way SMEs engage with finance.”

Igor Ustinov, CEO of Hapic, added:
“Launching Hapic has been about more than simply going live — it’s about solving real payment challenges for SMEs. Today, businesses still face issues such as rejected account applications, sudden account closures, and strict compliance barriers. At Hapic, we take a different path. Despite the wave of full digitalisation, we stay truly customer-centric while others focus on automation. Our KYB process is designed to support customers, not to reject them. Alongside seamless EU and global payments, we provide highly competitive FX conversion rates for cross-border transfers.”

This collaboration showcases how emerging EMIs can leap into market readiness – supported by advanced, open-architected fintech infrastructure designed for a brighter digital future.

About Hapic

Hapic is a newly licensed Electronic Money Institution (EMI) headquartered in Cyprus, focused on delivering modern, transparent, and efficient digital financial services. Hapic combines the reliability of traditional banking with private-banking–level service, offering convenient remote payment management supported by a modern fintech UX/UI digital platform and smart financial solutions.

About Geniusto

Geniusto is a global fintech innovator headquartered in Australia, serving regulated institutions across Europe, the UK, Southeast Asia, and North America. Through its flagship [GO] Suite, Geniusto enables banks, EMIs, payment providers, and remittance firms to streamline operations, reduce vendor complexity, and deliver smarter digital experiences. Geniusto puts more brains behind your banking – helping financial institutions thrive in a fast-changing world.

Learn more about Hapic – hapic.com

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