Modernising a bank is no small feat—especially across multiple countries and regulatory systems. But BKR member firm Eurofast recently proved just how impactful strategic expertise can be when paired with the right timing and trust.
In 2024–2025, a regional mid-sized financial institution operating in Southeast Europe (referred to as SouthEdge Bank for confidentiality) partnered with Eurofast to overhaul its compliance, HR, and payroll infrastructure. The bank was facing urgent regulatory pressure, outdated systems, and fragmented operations across Cyprus, Greece, and Bulgaria.
Eurofast stepped in with a clear transformation strategy that tackled multiple pain points at once:
- Developed a unified compliance framework aligned with EU regulations, including readiness for the Instant Payments Regulation (IPR)
- Introduced a cloud-based payroll system across three jurisdictions, standardising contracts, taxes, and contributions
- Automated onboarding, KYC, and approval flows to reduce manual intervention
- Delivered focused compliance training for internal HR and legal team
The results were both measurable and immediate:
- 40% reduction in IT operational costs
- 50% drop in payroll administration time
- 100% regulatory readiness well ahead of EU deadlines
- 20% increase in customer satisfaction thanks to faster service delivery
What this case makes clear is that regulatory compliance and innovation aren’t opposing goals. With the right expertise, they can work in tandem to deliver efficiency, agility, and better customer outcomes.
Eurofast continues to support financial institutions across the region with services including:
✔️ Cross-border payroll
✔️ Compliance structuring
✔️ HR digitisation
✔️ Entity setup & transformation planning
For more information, reach out to: [email protected]
