National Bank of Greece deploys Infosys Finacle core banking system
National Bank of Greece (NBG) has successfully deployed its new core banking system from Infosys Finacle.
National Bank of Greece deploys Infosys Finacle core
The deployment forms part of the bank’s core banking replacement project ‘Cosmos’. In its first phase, the new cloud-native platform will power all of the bank’s corporate and SME loan operations and will see the migration of about 60% of NBG’s overall loan book, with a full replacement of the bank’s back-end.
The project will further include implementation of the Finacle solution to cover retail loans and accounts.
In a LinkedIn post, Stratos Molyviatis, NBG’s group chief operating officer, claims that Cosmos is “one of the biggest technology projects ever done in Greece” with an active engagement of more than 550 people from the bank and its vendors.
“Technology leaps like that occur in an organisation every 15 to 20 years,” Molyviatis writes. “The whole endeavour is fundamental to NBG’s digital strategy and its future vision.”
In April 2020, IBM worked with EdgeVerve, a subsidiary of Infosys (in which Infosys Finacle resides), to establish a Banking Centre of Excellence in Athens, Greece, to support the implementation of the Finacle banking solution across Europe.
