CSoft Software Solutions Now in Greece with TBI Bank

TBI Bank recently started offering financial services in Greece. Our client enters the new market as an online bank with a branchless network managed by headquarters located in Athens. It offers commodity and consumer loans which are processed entirely online. As a leader for BNPL in Bulgaria and Romania, TBI brings its know-how to Greece and offers its full range of products of this nature. In this strategic undertaking, our long-standing partners once again trusted our high-tech solutions.

The development of software intended to carry out the efficient operation of the bank on the new market is undoubtedly a challenging task that our team completed effortlessly, thanks to its high expertise and experience. The client's requirements and the numerous peculiarities of the local legislation led to the development of an entirely new functionality. Regardless of which of TBI's products the users choose, they go through a fully digitized onboarding process. When opening a commodity loan, the bank automatically pays the necessary commissions to its partners - the merchants. At the same time, amounts and fees are posted directly without the requirement of additional user action. The tax due to the National Bank of Greece on loan balances is determined in like manner. The automated processing of transactions and payments we implement through API Gateway requests which in addition to speed, also provide a high level of security. Furthermore, our system creates reports required by the Credit Bureau in Greece (Tiresias S.A.) that are strictly specific. As a result, we can say that TBI Greece software is one of our boutique products without any analogue. At the same time, its development took a record short time – only 6 months. In a highly competitive environment, fast implementation was of utmost importance to our partners and succeeded to provide them with a strategic advantage.

The overall implementation of the project occurred with the assistance of several external vendors and systems. The verifications needed for online customer registration are carried out by FintechOS and Softelligence. The lack of a branch network of the bank, required the payment and repayment of loans to be proceeded through various local channels such as Cardlink, DIAS and TORA.

Currently, TBI Greece already operates with over 500 merchants in various industries, and our software solution works extremely efficiently, allowing the bank's partners and end users to quickly, easily and securely fulfill their end goals.