The National Bank of Greece (NBG), one of the top 20 banks in Europe, is to upgrade from Temenos Globus to Temenos T24 Model Bank (T24) to centralise its European operations across seven subsidiaries.
By installing a single integrated system along with a consolidated data centre, the bank will streamline its operations and significantly reduce its total cost of ownership.
“Our existing IT set up has served us well but we realise the limitations of running separate systems in each subsidiary,” says Anthimos Thomopoulos, CFO and COO for NBG. “As we continue our expansion across Central and Eastern Europe, we must have a consolidated IT structure that can grow with our business. With T24 Model Bank installed on centralised servers, we’ll be able to support the existing network more efficiently and also roll the system out to new locations quickly, without the need for additional implementation work.”