Bernd Wendeln, Chief Commercial OfficerThe small and mid-sized banks— without a significant market presence—find themselves caught in this web of inefficiency stemming from generic solutions that fail to address their unique requirements. This ultimately harms their ability to deliver substantial added value to their customers and further limits their market presence.
“At Natech, we recognise the need of small and mid-size banks for products tailored to their distinct workflows. Through our specially designed suite of solutions, we support them to carve out their place in the market,” says Bernd Wendeln, chief commercial officer, Natech.
The core banking system offered by Natech includes a suite of flexible and modular banking tools. Unlike large core banking systems that tend to generalise the needs of individual banks, its system provides essential solutions such as anti-money laundering (AML), know-your-customer (KYC), payments, and credit scoring. Institutions can start with these basics and gradually integrate advanced solutions as needed. This modular approach allows for seamless incorporation into clients’ existing core banking environments.
The objective is to offer clients a purpose-built and modular solution that can grow incrementally rather than burdening them with an all-at-once implementation. This method prevents overspending on unnecessary functionalities, ensuring value for money. It also reduces the risk of getting stuck in extensive migration projects that may not align with client needs. These outcomes have helped Natech maintain a perfect client retention rate. The clients, whether local or international, do not hesitate to hand over their complex projects to Natech owing to its ability to facilitate long-term fixes.
Offering its systems through distribution channels such as on-premises and SaaS-based subscription models, Natech meets the diverse needs of today's businesses.
Partnering with a Greek financial institution has allowed Natech to combine its technical expertise with the institution’s focus on client acquisition and branding to become a bankingas-a-service (BaaS) champion for businesses of all sizes across the board beyond just the banking space.
The company has shown its ambition through strategic market expansions and recent funding efforts. With two funding rounds, the first of which was successfully closed, the aim is to enhance product offerings and attract the right talent.
Natech rapidly captures market share by hiring experienced professionals from renowned global companies, leveraging deep industry insights, and amalgamating expertise in areas like digital transformation, payments, data management, customer relationship management (CRM), and loyalty programs. It focuses on integrating AI and looking at other potentials of technologies to drive transformative industry change.
At Natech, we recognise the need of small and mid-size banks for products tailored to their distinct workflows. Through our specially designed suite of solutions, we help them carve out their place in the market
At the centre of this exciting period of growth, Natech maintains its deep-rooted family ethos. Under the second generation’s leadership, the company thrives and dreams bigger. Regardless of nationality, seniority, or role, every team member is part of this family. The team comprises seasoned professionals from the core banking and broader financial services sectors, including Bernd Wendeln, who has two decades of experience in global financial services. This diverse team enables Natech expand its offering in desired regions, products, and client segments.
Natech’s in-house culture is firmly grounded in three pillars— transparency, teamwork, and trust. Such a culture doesn't shy away from failures; instead, it sees them as opportunities for learning. This approach not only attracts the right talent but also ensures that with the right people on board, the company produces products that not only meet but often surpass client expectations.
Primed to extend its presence beyond Greek shores, Natech is targeting European territories, the Middle East, Africa, and other promising markets. This expansionary vision reflects its commitment to growth and customer service.
Building on its impressive growth trajectory, Natech is poised to unveil groundbreaking features to its offerings, redefining the future of banking. These innovations aim to level the playing field, ensuring that institutions of all sizes, particularly small and medium-sized banks, can compete in the market with equal advantage.
