Greek neobank, Snappi has received a universal banking licence from the European Central Bank (ECB), following the proposal of the Bank of Greece.
The regulator’s approval comes as the first milestone in snappi’s plans to provide next-generation financial services. With the full banking license, snappi is now authorized to conduct a comprehensive range of banking activities, including accepting deposits and offering loans.
Christos Megalou, Chairman of Snappi’s Board of Directors and CEO of Piraeus Bank, said: “I am very pleased that Snappi has been granted a Eurozone-passportable banking license. This is a significant step in the bank’s development and marks a new era in Snappi’s journey to become part of the new banking landscape in Europe, starting from Ioannina, Greece.”
Snappi is a joint initiative between Piraeus Financial Holdings, the parent company of Piraeus Bank, and Natech, a premier fintech firm that specialises in core banking software solutions. Ahead of public launch, snappi said it plans to focus on enhancing the setup of its banking operations and integration points to deliver a fresh customer digital experience with high quality and reliability.
“We know that banking is built on trust, and receiving the banking licence is an important milestone for us. Our aim is to evolve the client banking experience by providing customer-centric, innovative, and competitive financial products and solutions,” added Gabriella Kindert, who will be assuming the role of CEO at snappi.
