From a Small Office in Ioannina to a growing Fintech Force: Reflections of a Journey

Ιn the picturesque and rainy Lake town of #Ioannina, in the North-West of #Greece, a town of ancient legends and varying landscapes, a new story was beginning to unfold some 20 years ago. Working from a humble office, right above a computer store (which actually was also the name of my family business at that time) a handful of individuals, my father included, embarked on a journey with a vision to make financial software simpler for smaller banks…and we formed Natech ∙ Financial Software. Little did we know, for the city of #Ioannina to emerge as a hub of technology and innovation.

Thanasis Navrozoglou Participated in a Discussion on the Emerging Technology Hub in Ioannina in the context of the Plasmata II Digital Art Exhibition

On Wednesday, June 28th, Thanasis Navrozoglou took part in a panel discussion held at the Palaia Sfageia hall. The panel focused on the emerging technology hub in Ioannina, exploring its prospects and challenges within the context of the digital art exhibition hosted by the Onassis Foundation Plasmata II in town.

Why Women May Rule Fintech

The theme for this year’s International Women's Day was DigitALL: Innovation and technology for gender equality. The priority for the United Nations is to leverage technological advancements to create better opportunities for women of the digital era. On the same lines, that fintech has introduced disruptive ways of ensuring equality and inclusivity in the financial sector. The fintech segment has some exemplary leaders who are transforming payments technology, or as it now called paymentology, across the globe. This article celebrates women and how they may rule the fintech space.

Why Agility in Banking is Crucial and Urgent

Rapid digitisation and growth in non-banking competitors and purely digital players have accelerated the rate at which the banking and finance industry is changing. Attempts to adopt new technologies, without thinking through the larger picture, have rendered the legacy banking process complex and functionally siloed. The banking sector needs to rethink its priorities and redesign the processes to remain relevant in the long run.

Agility can help accelerate and simplify digital transformation, while improving accountability at the front line. It can also assist banks to enhance customer journeys and incrementally build a future-ready ecosystem.

3 Lessons from the 2023 Banking Crisis

Bank failures are shockingly common in the US. With 566 bank failures since 2000, the country registers an average of 25 per year! Of course, the 2008 global economic crisis saw the maximum bank closures and the numbers have been declining since then. The bank closures from March to May 2023 were different. Leading global banks crumbled within days and shook investor confidence in the sector.

It is time banks looked inwards to learn lessons on risk governance and maintaining their reputation, while working on regaining trust. 

Credit Decisioning is Key to Redefining Lending in the Digital Era

Lending has taken a gigantic leap in the digital era, with strong growth in microlending, checkout lending, buy-now-pay-later (BNPL), and peer-to-peer lending. The growth is triggered by accessibility, as these loans are available right on the mobile app and leveraging them takes only a few taps. 

The lending space is also evolving rapidly, to accommodate the dynamic needs of borrowers. The difference between payments and lending is decreasing. With the digitisation of the entire banking and finserv ecosystem, the process of assessing the creditworthiness of a borrower has also completely transformed. Credit decisioning must evolve into a robust process that equips lenders to deliver fast while managing risks better.

Thanasis Navrozoglou as an Active Participant in the Innovation Competition Held by the University of Ioannina

On Friday, May 26th, CEO of Natech, Thanasis Navrozoglou, had the pleasure of participating as a distinguished speaker at the Demo Day of the Student Innovation Competition hosted by the Innovation & Entrepreneurship Unit of the University of Ioannina.

Natech secured €21m through RRF

Natech secured €21.2m by Resilience and Recovery Fund and "Greece 2.0".

Natech at the 7th Payments360 Conference

On Thursday 27/04 Natech was happy to participate in the Payments360 Conference, powered by DIAS S.A. Interbanking Systems, that took place at Megaron Athens Concert Hall. The area the conference focused on was “Instant Payments Disruptive Impact – Escalating new-gen Payments Landscape”.