New, strategic cooperation has been concluded between SAS, a leading analytics and artificial intelligence company, and the National Bank of Greece, the first banking organization in Greece with 180 years of continuous operation, with the object of creating an Analytics Center of Excellence within the bank.
The National Bank, which has a base of more than 5.5 million retail customers and significantly supports the Greek economy, created this center in order to effectively meet the needs of its Digital Transformation. Utilizing SAS Viya through Microsoft Azure and adopting SAS advanced analytics and artificial intelligence technologies, the bank aims to further modernize and improve its profitability.
Through the Analytics Center of Excellence, which is based on an open platform in terms of technology using Python, R, Java, Lua etc., but also in terms of creating exclusive complex graphical analyses, the National Bank seeks to streamline all the analytics processes it has. The solution offered by SAS is to make effective use of all available data and help the organization to implement the appropriate practices that will bring positive results. In addition, the flexibility of the SAS platform combined with the flexibility of the Microsoft Azure platform Cloud helps the organization to tailor the infrastructure to the needs that arise, not only from day-to-day work, but also from new projects that arise in course.
As Mr. Pantelis Maraveas, Assistant General Manager Retail Segments, Bank Analytics & Liability Products at the National Bank characteristically stated: “Investing in analytics is a strategic decision that will help the National Bank achieve its goals. With SAS Viya and its successful development and implementation in a Cloud environment, we have improved the overall performance of the Center of Excellence in developing new analytics infrastructures, significantly reducing costs and complexity of processes and gaining flexibility, speed and efficiency in the way our work. “The long-term and very successful and profitable cooperation of the bank, since 2008, with SAS, has played a decisive role in our selection as the company has created many specialized applications for us, based on its advanced technology.”
Mr. Giannis Papatsiros, SAS Regional Lead for Greece, Cyprus, Bulgaria stated: “SAS has deep experience in the challenges of the banking sector in Greece. We are honored that an organization like the National Bank trusts SAS to support it in achieving its strategic goals. The platform on which the Center of Excellence was created, among other things, largely achieves the ‘democratization’ of analytics, giving the Bank the opportunity to utilize its data science talent, but also to attract a high level of potential from the market. »
Latest News
Number of Turkish Visitors to Greek Islands up 10-Fold After 7-Day Express Visa
More than 20,000 Turkish tourists flocked to the eastern Aegean isles during a nine-day religious period in the neighboring country
Greece to Protect 198 ‘Untouchable Beaches’
These beaches, numbering 198 across the country, fall within the Natura 2000 network and will be off-limits for concession and, by extension, for the placement of umbrellas, sunbeds, etc.
BoG: Feb. Current Account Deficit up by 1.8bln
At current prices, exports dropped by 10.3% (‑10.7% at constant prices) and imports grew by 5.7% (9.4% at constant prices).
Greece Becoming a ‘Refuge’ for German Pensioners
The government's policies to attract foreign property buyers to boot the economy is working, reports German newspaper Handelsblatt
Iran Activates Air Defense System- Reports of Attack by Israel
An Iranian official said explosions reported by Iran's media were the result of the activation of the country's air defense system, yet media reports attribute them to a drone attack by Israel
Poll: Greeks, EU Citizens Eager to Vote in European Elections
EU citizens are eager to vote in the upcoming elections for the European Parliament in June, with eight in 10 saying the current geopolitical situation makes voting imperative
Mitsotakis-Erdogan Meeting in Ankara Fixed for May 13
The Greek PM himself made the announcement from Brussels on Thursday, while he also responded to a question on Athens' intent to create a marine park in the central Aegean, an environmental initiative
Greece Aims to Boost Energy Capacity, Economy with Offshore Wind Farms
Greece’s Energy Ministry is pushing legislation to accelerate the construction of the first floating wind farms in Greek seas
Reuters: Greek Economy Surges After Decade of Pain
Nevertheless, the article also highlights some of the challenges facing the country, with a falling birthrate and labor shortages posing a threat to the long-term outlook
IMF: Greek Growth in 2024 at 2%; Debt to Ease to 158.8% of GDP This Year
Projected consumer prices are forecast to rise by 2.7%