NICOSIA, Cyprus — February 3, 2026
Executive Summary
ISX Financial EU PLC has announced the appointment of Andreas Artemiou as Chief Risk Officer, subject to a formal non-objection approval decision by the Central Bank of Cyprus. In his role, Artemiou will lead the company’s enterprise-wide risk management function, including credit risk, non-financial risk, cyber risk, and chargeback management. According to the company, the appointment supports its continued expansion across the European Economic Area and the United Kingdom while reinforcing its risk governance framework and regulatory compliance posture. The appointment comes as ISX Financial EU PLC continues to scale its digital financial services infrastructure and strengthen leadership across core governance functions.
Announcement Overview
ISX Financial EU PLC has announced the appointment of Andreas Artemiou as Chief Risk Officer, marking a senior leadership addition within its governance and risk management structure. The company stated that Artemiou will assume responsibility for overseeing and coordinating all aspects of risk management, including credit risk, non-financial risk, cyber risk, and chargeback management across the organisation.
According to the company, Artemiou’s appointment is subject to a formal non-objection approval decision by the Central Bank of Cyprus, reflecting the regulatory oversight applicable to authorised Electronic Money Institutions operating within the European Economic Area. Upon approval, Artemiou will work closely with the Board of Directors, executive management team, and regulatory authorities to further enhance ISX Financial EU PLC’s risk governance framework.
The company indicated that the appointment aligns with its broader strategy of strengthening governance, leadership, and regulatory engagement capabilities as it continues to expand its digital financial services offering across regulated markets.
Key Announcement Details
Announcement type: Executive appointment
Effective date: February 2026, subject to regulatory non-objection
Appointed executive: Andreas Artemiou
Role: Chief Risk Officer
Regulatory status: Appointment subject to Central Bank of Cyprus non-objection approval
Institution type: EEA-authorised Electronic Money Institution
Geographic scope: European Economic Area and United Kingdom
Strategic Context
According to ISX Financial EU PLC, the appointment of a Chief Risk Officer with extensive banking and regulatory experience reflects the company’s focus on maintaining strong risk discipline while scaling its technology-driven financial services platform. As a regulated Electronic Money Institution authorised by the Central Bank of Cyprus, the company operates within a supervisory framework that requires robust governance, risk oversight, and compliance controls.
The company stated that its continued expansion across the European Economic Area and the United Kingdom has increased the scope and complexity of its risk profile, spanning credit exposure, operational resilience, cyber risk, and transaction-related risks such as chargebacks. In this context, the appointment of a dedicated Chief Risk Officer is intended to support structured risk identification, monitoring, and mitigation across business lines.
ISX Financial EU PLC indicated that Artemiou’s background in banking, regulatory engagement, and enterprise risk management positions him to support the company’s growth strategy while maintaining alignment with supervisory expectations and internal governance standards.
Leadership Statement
“We are very pleased to welcome Andreas Artemiou to ISXX as our new Chief Risk Officer,” said Nikogiannis Karantzis, Chief Executive Officer of ISX Financial EU PLC. “His depth of experience in banking, regulatory engagement, and risk management will be invaluable, as we continue to scale our business while maintaining the highest standards of risk discipline and regulatory compliance.”
Scope of Responsibilities as Chief Risk Officer
As Chief Risk Officer, Andreas Artemiou will lead ISX Financial EU PLC’s risk management function across multiple risk categories. According to the company, this includes oversight of credit risk frameworks, non-financial risk management, cyber risk controls, and chargeback management processes.
The company stated that Artemiou will be responsible for coordinating risk governance activities across departments, supporting executive decision-making with risk analytics, and ensuring that risk management practices are embedded within business operations. His role will involve close collaboration with the Board of Directors, executive leadership, and external regulators.
ISX Financial EU PLC indicated that strengthening its risk governance framework is a priority as the company continues to develop its unified payments and financial services infrastructure for business customers across regulated markets.
Professional Background and Risk Expertise
According to the company, Andreas Artemiou brings extensive experience in enterprise risk management, credit risk, non-financial risk, capital management, and data governance. His professional background includes leading the development and implementation of risk strategies within regulated banking environments and translating supervisory and regulatory requirements into practical operational frameworks.
The company noted that Artemiou has experience conducting stress testing, developing risk analytics, and supporting front-line business teams in embedding effective risk management practices aligned with business objectives. His work has involved integrating risk considerations into strategic planning, operational execution, and governance structures.
ISX Financial EU PLC stated that this combination of technical expertise and leadership experience is expected to support the company’s risk management objectives as it continues to scale its digital financial services platform.
Prior Executive and Leadership Roles
Before joining ISX Financial EU PLC, Andreas Artemiou served in senior leadership positions across multiple banking institutions. According to the company, he was a member of the Executive Committees at AstroBank Public Company Limited and Cynergy Bank, formerly Bank of Cyprus UK. He also held senior leadership roles at Bank of Cyprus.
In these positions, Artemiou was involved in the overall management of the institutions, including strategic planning, execution of business growth initiatives, and operational efficiency programmes. His responsibilities included contributing to organisational decision-making at the executive level and supporting alignment between business objectives, regulatory requirements, and risk management frameworks.
The company indicated that Artemiou also played a role in engaging employees around institutional vision, culture, and business objectives, supporting governance and organisational effectiveness.
Collaboration With Board and Regulators
ISX Financial EU PLC stated that, as Chief Risk Officer, Artemiou will work closely with the company’s Board of Directors, executive management, and regulatory authorities. This collaboration is intended to further enhance the company’s risk governance framework and support sustainable long-term growth.
According to the company, ongoing engagement with regulators forms a core component of its operating model as a regulated Electronic Money Institution. The appointment of a Chief Risk Officer with experience in regulatory dialogue and supervisory processes is expected to support effective communication and alignment with regulatory expectations.
Statement From Andreas Artemiou
“I am pleased to join ISXX at such an important stage of its development,” said Andreas Artemiou. “Strong risk management is fundamental to supporting innovation and long-term growth. I look forward to working with the executive management team and the Board of Directors to further enhance our risk framework while enabling the business to deliver on its strategic objectives.”
Governance and Leadership Development
According to ISX Financial EU PLC, the appointment of Andreas Artemiou forms part of a broader investment in governance and leadership capabilities. The company stated that strengthening executive oversight functions is critical as it expands its digital financial services offering and operates across multiple regulated jurisdictions.
The company indicated that robust governance structures, supported by experienced leadership, are essential to managing operational complexity and ensuring resilience within technology-driven financial services models. The addition of a Chief Risk Officer is intended to support disciplined growth and long-term stability.
Regulatory Framework and Authorisation
ISX Financial EU PLC operates as an Electronic Money Institution authorised by the Central Bank of Cyprus. As an EEA-authorised EMI, the company is subject to regulatory requirements governing capital adequacy, safeguarding of client funds, operational resilience, and risk management.
According to the company, compliance with regulatory standards is a foundational element of its business model. The appointment of a Chief Risk Officer with experience in regulatory engagement is aligned with the company’s objective of maintaining rigorous compliance standards while expanding its service offering.
Business Focus and Market Positioning
ISX Financial EU PLC described itself as a banktech company that leverages proprietary technology to deliver bespoke financial services to business customers. According to the company, its unified payments stack and infrastructure provide end-to-end transactional banking capabilities, including account-to-account payments, foreign exchange services, remittance, and payment processing.
The company stated that it serves businesses operating across the European Economic Area and the United Kingdom, providing regulated financial services through its technology-enabled platform. Its offering is designed to support business customers requiring integrated payment and transaction solutions within regulated environments.
About ISX Financial EU PLC
ISX Financial EU PLC is a banktech company founded to deliver technology-driven financial services to business customers operating across regulated markets. The company is authorised as an Electronic Money Institution by the Central Bank of Cyprus and operates within the regulatory framework applicable to EEA-authorised EMIs.
ISX Financial EU PLC leverages its proprietary technology infrastructure to provide a unified payments and financial services platform. Its services include end-to-end transactional banking, account-to-account payments, foreign exchange, remittance services, and payment processing capabilities. The company serves businesses across the European Economic Area and the United Kingdom, supporting cross-border and domestic transaction needs.
According to the company, its operating model combines regulatory compliance, risk governance, and technology-led delivery to support scalable financial services for business customers. ISX Financial EU PLC continues to invest in governance, leadership, and infrastructure as it expands its digital financial services offering across regulated markets.
Media Contact
Media Relations
ISX Financial EU PLC
Source Attribution
Source: Company announcement
