PCS S.A. (www.pcs.gr), a leading provider of specialized financial software solutions, is proud to announce its strategic expansion into Central Africa through two major partnerships with Banque Commerciale du Burundi (Bancobu) and Equity Bank Kenya. These collaborations mark a significant step forward in PCS’s mission to deliver advanced custody and asset servicing solutions across the African banking sector.
At the heart of both partnerships is the deployment of the PCS Custody System, a robust and scalable platform designed to support the full spectrum of custody operations, including safekeeping, settlement, corporate actions, and regulatory compliance. This system empowers financial institutions to manage client assets with precision, transparency, and efficiency.
The flagship project with Banque Commerciale du Burundi (Bancobu) represents a transformative initiative for the Burundian financial market. PCS is implementing its Custody System to modernize Bancobu’s asset servicing infrastructure, enabling the bank to offer enhanced custodial services to institutional and retail clients. This includes improved automation, real-time reporting, and integration with regional and international financial networks.
“We are honored to collaborate with Bancobu on this strategic initiative,” said George Xenofos, CEO, PCS. “The deployment of our Custody System will not only elevate Bancobu’s operational capabilities but also contribute to the broader development of Burundi’s financial ecosystem.”
In parallel, PCS has signed a new agreement with Equity Bank Kenya, one of East Africa’s leading financial institutions and PCS loyal client for more than 13 years now. The PCS Custody System will support Equity Bank’s expansion into new asset servicing markets, reinforcing its commitment to innovation and customer-centric financial solutions.
These projects underscore PCS’s growing influence in Africa’s financial technology landscape and its ability to deliver tailored solutions that meet the evolving needs of regional banks. With a strong foundation in Europe and the Middle East, PCS is now extending its expertise to support the digital transformation of Africa’s financial institutions.
