BMW Financial Services Greece adopts RegTech for faster compliance checks
BMW Financial Services in Greece has adopted new regulatory technology to strengthen compliance and customer verification. The company is now using solutions from Natech Banking Solutions to streamline operations and meet stricter financial regulations. This move reflects a wider trend as banks and lenders turn to automation for efficiency and oversight. The deployment includes Natech’s Bancapp and e-Pothen platforms. Bancapp automates the retrieval and verification of customer banking data, allowing authorised institutions to review assets, analyse transactions, and confirm sources of funds. Meanwhile, e-Pothen supports Greece’s mandatory 'Pothen Esches' asset declaration rules by automating data collection and regulatory submissions.
The technology aims to simplify customer onboarding, cut manual processing, and speed up regulatory reporting. For BMW Financial Services, this means faster verification, reduced operational complexity, and stronger compliance with anti-money laundering requirements. Thanasis Navrozoglou, CEO & President of Natech Banking Solutions, noted that the partnership extends beyond a single tool. Instead, it provides modular banking and regulatory technology, enabling future expansion into broader compliance capabilities. This flexibility allows BMW Financial Services to further automate processes as regulations evolve.
The integration of Natech’s solutions aligns with the growing demand for automated compliance tools in financial services. BMW Financial Services Greece can now handle regulatory checks more efficiently while preparing for potential future requirements. The shift also highlights how RegTech platforms are becoming essential for firms facing tighter oversight.
