Snappi Secures Universal Banking Licence from ECB

Greek neobank Snappi has received a universal banking licence from the European Central Bank (ECB), following a proposal by the Bank of Greece. This significant milestone authorises Snappi to offer a full range of banking services, including loans and deposits, throughout the Eurozone.

Snappi is a joint venture between Athens-based Piraeus Bank and core banking software vendor Natech. Initially announced in 2022, Snappi aims to cater to both consumers and financial institutions across Greece and Europe with a fully digital banking experience.

Christos Megalou, chairman of Snappi’s board and CEO of Piraeus Bank, described the acquisition of the Eurozone-passportable banking licence as a crucial development for the neobank. “This marks a new era in Snappi’s journey to become part of the new banking landscape in Europe,” Megalou stated.

While the exact date of Snappi’s public launch remains undisclosed, the neobank plans to focus on enhancing its banking operations and integration to deliver a modern digital experience to its customers.

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