News

SDR in “Live” Operations - January 2013

We proudly announce that the First Installation in Cyprus of Synectics’ SafeDebtRecovery System has successfully gone live at the Cyprus Subsidiary of Alpha Bank at the beginning of December 2012.  Artemis, the National Credit Bureau in Cyprus, is also being updated directly from SDR.  This software product belongs to the third generation of Synectics Debt Recovery systems.  SDR was implemented on MS SQL and .Net and incorporates innovative functionality and also advanced usability and reporting features.

Synectics responds to the Cypriot Crisis - January 2013

Synectics has released two new important components of our Safe Debt Recovery Suite Software Products. 
SDR/AMC (Asset Management Company) and SDR/BB (Bad Bank) both dealing exclusively with the management of distressed assets.  These are two Products catering for two distinct cases, namely (1) a Bad Bank that was created during the restructuring of a Financial Institution and (2) an Asset Management Company that was created (by the State) to absorb bad assets from one or more Financial Institutions.  SDR/AMC & SDR/BB provide powerful management and follow-up functionality enabling the Organisation to arrive at optimum proposals, repayment schemes/schedules, and subsequent recoveries.

Information Day for the Operational Risk Management Project - October 2012

The Project is an initiative of Synectics Ltd and Frederick Research Centre, in collaboration with the Association of Cyprus Banks, and financed by the European Regional Development Fund, the EU and the Republic of Cyprus under the Framework Programme for Research, Technological Development and Innovation 2009 - 2010 Research Promotion Foundation. 

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Office Address:

18, Kyriakou Matsi
P.O. BOX 20020, CY-1600 
Nicosia, Cyprus

  • Phone:

    (+357) 22-780888
  • Fax:

    (+357) 22-780558
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