Dynamic Works secures RIF funding for flagship product Syntellicore

Dynamic Works, a leader in financial technology, has reached a significant milestone by securing funding from the Cyprus Research and Innovation Foundation’s (RIF) DISRUPT Programme for its flagship product Syntellicore.

Dynamic Works must also secure an investment from a regulated investment fund. The investment commitment was secured following a business valuation performed by KPMG.

The awarded funds are earmarked for technological upgrades to Dynamic Works' flagship product, Syntellicore, one of the most established CRM software solutions in the financial industry, globally. This project is designed to establish Syntellicore to the leading position in transforming the global financial services sector through the creation of a smart and efficient digital financial environment by pioneering the integration of Mobile Technologies and Artificial Intelligence (AI). The enhanced product will enable financial institutions around the world to not only meet but exceed the evolving needs of their clients, adapting quickly to a rapidly changing landscape.

“We are very excited to receive this important grant from the Research Innovation Foundation (RIF)," said Angelos Gregoriou, CEO and co-founder of Dynamic Works. "We have been working in this industry for 21 years, and our hard work has paid off with strong growth in the last five years, thanks to the success of Syntellicore, our CRM Solution for the Financial Services. This grant is a big step forward for us in financial technology. It will help us make financial services much more efficient and safer”.

With the project set to last 18 months, it aims to greatly change the financial services industry. Dynamic Works will work closely with the Research Innovation Foundation (RIF) and other partners to make this innovative project successful. “We are dedicated to working together to achieve groundbreaking results with RIF’s support,” said George Georgiou, Managing Director and Co-Founder of the company. “This project is the result of many months of planning and hard work. It will set new standards for financial services, around the world.”

“Dynamic Works has been a disruptor and we are happy and proud to have supported their development journey for the last 5 years and excited for what the future awaits,” stated Pangratios Vanezis, Partner at KPMG Cyprus.

Konstantinos Michaelides, Partner at ORO Private Equity Fund II has signified the project as “an opportunity that signals the Fund’s entrance in the Cypriot FinTech sector via a proven team with untapped potential”.

The project’s first phase is already under way, with the newly formed AI team working closely to complete the first set of deliverables.