Praxia Bank was established with one aim: to disrupt the Greek banking industry. As the first challenger bank in Greece, it looked to offer an innovative, user-friendly digital service that helps small and medium-sized businesses to grow. To achieve a successful launch, Praxia Bank selected Temenos T24 Transact to provide a robust, scalable infrastructure. The solution will provide the tools to develop flexible lending and financing products for corporate customers, as well as retail services such as deposit and loan accounts—with non-stop client access via a cutting-edge online platform. By partnering with Temenos, Praxia Bank will be able to achieve its goals of building a loan portfolio of €4 billion by 2022, while helping to stimulate economic growth in Greece.
“In Greece we are starting to see signs of economic recovery. At Praxia we believe that one way we can help the growth of the economy is by supporting small and medium businesses through financing. As a startup bank, we are starting fresh to build a bank with the customer experience in mind and without being weighed down by legacy technology. We chose Temenos to help us build the bank we envisioned because they are the market leader for core banking, providing proven products and bringing deep domain knowledge of country-specific requirements to the table. With Temenos, we will be able to offer our customers a digital experience that is second to none, and a competitive alternative in Greece.”Anastasia Sakellariou, CEO
Praxia Bank has selected Temenos’ digital banking platform to drive its growth plans for SME lending