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.
