Natech wins best-in-class core banking at IBSi GFIA 2025

By Vriti Gothi

Natech Banking Solutions has been named the winner of the Best-in-Class Core Banking Platform category at the IBS Intelligence Global FinTech Innovation Awards 2025, recognised for its core modernisation project with the Cooperative Bank of Karditsa in Greece.

The Cooperative Bank of Karditsa completed its migration to Natech’s next-generation core banking platform in July 2024, marking a major milestone in its digital transformation strategy. The project replaced legacy systems with a modular, API-first core designed to accelerate product innovation, support embedded financial services, and enable future Banking-as-a-Service (BaaS) capabilities. According to the company, the migration was executed without customer disruption and included groundwork for a forthcoming digital wallet initiative, developed with a major Greek partner.

The development underscores a wider industry shift toward composable and cloud-ready banking platforms, as financial institutions seek to modernise infrastructure and expand their competitive reach. For regional banks in particular, modular cores are becoming essential to unlocking new revenue models and participating in broader digital ecosystems.

“Receiving this recognition from IBSi is a meaningful endorsement of the value our technology brings to ambitious banks,” said Thanasis Navrozoglou, CEO of Natech Banking Solutions. “This project reflects our mission to democratize access to modern banking infrastructure and help institutions compete through agility, composability, and innovation.”

Now in its seventh year, the IBSi Global FinTech Innovation Awards drew more than 600 submissions from over 50 countries, evaluated by an independent panel of judges.

Nikhil Gokhale, Director – Research & Digital Properties at IBS Intelligence, noted, “Natech’s collaboration with the Cooperative Bank of Karditsa marks a defining leap in core modernisation, transforming a regional cooperative into a digitally embedded financial provider. By enabling Banking-as-a-Service through an open, modular core and integrated wallet framework, the project showcases how technology and vision can jointly power ecosystem expansion and regulatory confidence.”

The recognition highlights growing momentum in Southern Europe’s digital banking evolution, where modernisation initiatives are increasingly seen as central to long-term resilience and growth.