Greek neobank Snappi achieves milestone with new ECB-issued banking license

In a significant development for European banking, Snappi, the innovative Greek neobank, has successfully obtained a universal banking license from the European Central Bank (ECB). This landmark achievement was supported by the Bank of Greece and marks the beginning of Snappi’s ambitious plans to redefine financial services in the region.

The newly acquired license empowers Snappi to offer a full spectrum of banking services, including deposit acceptance and loan provisions. Christos Megalou, Chairman of Snappi’s Board of Directors and CEO of Piraeus Bank, expressed his enthusiasm about the new license: “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.”

Gabriella Kindert, soon to be CEO at Snappi, highlighted the importance of trust in banking and Snappi’s commitment to enhancing the banking experience with innovative, customer-centric financial products. Thanasis Navrozoglou, Vice Chairman of Snappi’s Board and President & CEO at Natech, also commented on the development, noting, “Snappi is all about modern people, and this license unlocks a future of banking experiences that will speak to their hearts.”

Located in Ioannina, Snappi aims to promote decentralization and support the local community by driving the development of a regional technology ecosystem and fostering innovation. In preparation for its public launch, Snappi is focused on setting up its banking operations and integration points to deliver a superior customer digital experience, maintaining high standards of quality and reliability.

Snappi is a joint venture between Piraeus Financial Holdings and Natech, specializing in core banking software solutions. With a mission to revolutionize the financial experience for individuals and businesses, Snappi promises a fully digital, accessible, and user-friendly platform that emphasizes transparency, efficiency, and customer satisfaction. As it prepares to lead in the digital banking sector, Snappi is committed to delivering innovative solutions tailored to the evolving needs of its clients.