Natech Banking Solutions is taking the next major step in its international expansion, officially launching operations in the United States through Natech USA, Inc., headquartered in New York.
With more than 20 years’ experience in banking technology and a presence in Europe and the Middle East, the company is entering a market of more than 8,000 banks and credit unions. It aims to offer flexible solutions that allow banks to modernise their infrastructure gradually, without having to replace existing systems immediately.
To build its commercial presence in the US, Natech has appointed Michael Morais as Head of Sales, USA. He will be responsible for establishing and developing partnerships with financial institutions and fintech companies, drawing on his many years of experience in financial crime and regulatory compliance. He has held senior positions at Temenos, Oracle Financial Services and NICE Actimize, and is a Certified Anti-Money Laundering Specialist (CAMS).
Combating money laundering
Natech’s entry into the US begins in one of the most demanding areas of modern banking: anti-money laundering (AML). Natech’s solution has been tailored to Bank Secrecy Act (BSA) procedures and the requirements of FinCEN and FFIEC, with the aim of helping compliance teams reduce false positives, speed up case investigations and clearly document their decisions.
At the heart of the solution are specialised AI agents that support different stages of the AML process: from transaction monitoring and explaining risk indicators to gathering case evidence and preparing regulatory reports. The technology supports compliance staff, who retain final oversight and responsibility for decision-making. At the same time, the solution’s modular architecture allows financial institutions to integrate it gradually into their existing systems, without requiring a large-scale, high-risk replacement of their core banking system. The “module by module” approach is also a key element of Natech’s strategy for entering the US market.
Statement by Thanasis Navrozoglou
“What banks in the US need today is not another promise about the potential of artificial intelligence. They need anti-money laundering (AML) technology that meets supervisory requirements in practice and makes compliance staff’s work easier. This is exactly the technology we have been developing for more than 20 years in Europe and the Middle East, supporting, among other things, the operations of the first Greek neobank with a full banking licence from the European Central Bank,” said Thanasis Navrozoglou, President and Chief Executive Officer of Natech Banking Solutions.
Natech USA’s launch is accompanied by a new website tailored to the US market and the company’s in-person presence at leading events in the banking and fintech ecosystem.