National Bank of Greece deploys Infosys Finacle core banking system

  • National Bank of Greece deploys Infosys Finacle core for its ‘Cosmos’ project.
  • New cloud-native platform to handle corporate and SME loans, migrating 60% of loan book.
  • Full replacement of the bank’s back-end as part of the project.
  • Finacle solution to be implemented for retail loans and accounts.
  • Described as one of Greece’s biggest tech projects with over 550 people involved.
  • Part of NBG’s digital strategy and future vision.
  • IBM collaborated with EdgeVerve to establish a Banking Centre of Excellence in Athens for Finacle implementation in Europe.
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Brink’s Strengthens Position with $6.6B NCR Acquisition

Brink's expands its services through strategic acquisition of NCR's Atleos.Highlights: Brink's acquires NCR Atleos for $6.6 billion.The deal...

Barclays Strengthens Blockchain Payments Platform Discussions

Bank explores blockchain vendors for enhanced payment solutions.Highlights: Barclays explores blockchain technology for payments.Bank engages with various vendors...

Lloyds Tightens Bank Account Opening Process in Branches

The bank limits account openings amidst ongoing service updates.Highlights: Lloyds will restrict opening some bank accounts in branches.The...

Jack Dorsey’s Block to Lay Off 4,000 Employees as AI Era Advances

Significant workforce reduction reflects shifts in technology focus.Highlights: Block announces 4,000 layoffs amid evolving AI landscape.The decision comes...