Natech

Natech S.A. is a Greek independent software vendor (ISV).

Natech S.A.
Private
IndustryOnline banking
Founded1983 (as Computer Store)
FounderAbraham Navrozoglou
Headquarters
Stavrou Niarhou 85 Ioannina, Ioannina, Greece & Granikou 7 Marousi Athens
Key people
Athanasios Navrozoglou (CEO)
Eugenia Navrozoglou (CFO)
Dimitrios Navrozoglou (COO)
ProductsCSB2 - Core System for Banking operations
Apollo web banking - Web Banking Suite
Artemis mobile banking - Mobile Banking app
BOS - Business Operating Suite
Natech CRM v2
AML - Antimoney Laundering AML
Natech DD - Direct Debit
Natech CT - Credit transfer
MyFleet - Fleet management
Number of employees
40 as at Q1 2020
Websitewww.natech.gr

History

The company was founded in 1983 under the trading name Computer Store. It focused on delivering software and IT services mainly to cooperative institutions in Greece.

In 2010, Natech became a Microsoft Silver ISV Partner.[1] In 2011, Natech implemented its web banking suite to 4 Cooperative Banks,[2][3] started to deploy its core banking solutions to currency exchange firms and payment institutions,[4][5] and was certified ISO 9001:2008.[4] In 2012, Natech was awarded the project to implement the software for payments and transfers within the SEPA union for Greece's Loan and Consignment Fund, the largest fund in Greece.[6] and establishes a branch in Athens. As of 2012, Natech had served over 10 out of 16 of the Greek Cooperative Banks with its Core Banking Solution (CSB).[7] Since 2012 and after the banking sector consolidation in Greece which led to the resolution of many cooperative banks, the company realigned its strategy and started servicing a broader range of Financial Institutions and Banks with various Banking Payment Products.</ref>[8][5] It opened a second branch in Athens and established a global partnership network to cater to the SME Banking Sector[9]

In 2016 and in effort to approach new developers, the company tried to establish a Business Cluster with the assistance of other local IT Vendors. However the excessive brain drain in the prefecture of Epirus, which is amongst the 20 poorest regions in Europe together with the prolonged recession period was a strong impediment to the company's employment growth efforts. Later on the company resided to the local authorities and the University to attract talent from abroad[10] Still in 2016, the Cooperative Bank of Epirus launched a video customer service 7/7 through Natech.CSB web platform for the Bank’s e-banking users,[11] and Natech was certified under ISO 27001:201. In January 2017, the Greek branch of MoneyGram rolled out Natech Pay for walk-in payment centers and external retail agents. In 2018, Natech launched the new generation Core Banking System CSB2, leading to several partnerships with large clients including Ziraat Bankası, Saderat Bank, Tora Wallet (OPAP group), Crédit Agricole, Cooperative Bank of Thessaly.[12] In March 2018, Natech signed a partnership with PaymentComponents to implement its open banking API framework within Natech's CSB2.[13]In 2019 Natech expanded its presence with its Berlin branch and new extroversion steps. [14]. During 2020 Natech keeps expanding its operations and serves its customers seamlessly through new products and solutions customised to customers' needs.[15] In 2020 Ziraat Bank Greece switches to Natech banking suite [16]. Ziraat Bank the oldest Turkish bank has gone live on Natech Core Banking CSB2 and Poseidon AML flagship systems in its Greek branches.

  1. "Συνεργασία Natech-Microsoft". TechPress. 23 December 2010. Retrieved 15 May 2011.
  2. "Υπηρεσίες Web Banking στην Αχαϊκή Συνεταιριστική Τράπεζα". Δελτία Τύπου (in Greek). Banking News. Retrieved 14 May 2011.
  3. "Εγκατάσταση CSB Webanking σε 2 τράπεζες" (in Greek). Banking News. Retrieved 14 May 2011.
  4. "Natech: Πιστοποίηση κατά ISO 9001:2008". Naftemporiki. Retrieved 14 May 2011.
  5. "IntelExpress live on core solution from Natech". IBSIntelligence. 23 February 2011. Retrieved 14 May 2011.
  6. Ταμειο Παρακαταθηκων και Δανειων. "Dias suite". Retrieved 19 February 2012.
  7. "Μερίδιο Αγοράς Πληροφορικής στις Συνεταιριστικές τράπεζες". Μελέτη για ανάπτυξη νέων επιχειρήσεων στον κλάδο της πληροφορικής. University of Ioannina. Retrieved 15 May 2011.
  8. https://www.natech.gr/files/document/filename/karditsa-0.pdf
  9. "Natech Pay" (PDF). Natech.gr. Retrieved 8 October 2019.
  10. Christina Vergioto. "The Silicon Valley of Ioannina - Companies try to keep good brains in Greece" (in Greek). Star.gr. Retrieved 16 October 2017.
  11. "Banking Video Customer Service" (in Greek). Σοφοκλέους in. Retrieved 27 May 2016.
  12. "PaymentComponents, Natech partner for PSD2 and Open Banking - Retail Banker International". Retail Banker International. 28 March 2018. Retrieved 26 April 2018.
  13. Anthony Peyton (27 March 2018). "PaymentComponents and Natech partner for open banking push". Fintechfutures.com. Retrieved 8 October 2019.
  14. "O υφυπουργός Ανάπτυξης & Επενδύσεων επισκέφθηκε τη Natech". Sofokleous in. 22 January 2020.
  15. "Σε λειτουργία η πλατφόρμα δήλωσης επιταγών σε αναστολή για 4 συνεταιριστικές τράπεζες". 3 April 2020.
  16. "Ziraat Bank Greece switches to Natech banking suite". Fintech Futures. Fintech Future. Retrieved 13 July 2020. Check date values in: |date= (help)

Awards
  • 2017: Greece Startup/Scale Awards for its integrated innovation effort[1]
gollark: You feed in training data, neural connections change a bit, and then you feed in regular data and hope it works.
gollark: ... Not really...
gollark: Well, "AI" generally does mean that, but sometimes they use actual machine learning.
gollark: The 3D prints thing is a good point though.
gollark: Coloured items use metadata, right? Not NBT.

References
  1. "The first integrated omnibanking solution in Greece conquers the innovation award". MarketingWeek (in Greek). Greece: Boussias Communications. 24 April 2017.
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