Matworks was established in 2009 with the aim of delivering IT, Cloud & IT Operational services to financial institutions such as Banks and payment services companies. The company’s head office is located in Limassol Old port. As of 2017, Matworks expands business in the Financial Service sector and becomes a PaaS / SaaS hosting provider for applications and platforms for institutions like digital banks, PSPs, FX and other FSIs. In January 2018, Matworks is being acquired by Creditpilot PLC. As of February 2020, Matworks launches a dedicated department for cyber security for dealing with emerging & persistent threats partnering with leader providers in the field.
