Greece’s Praxia targets deposits market through Raisin
Digital lender Praxia Bank has become the first Greek bank to offer deposit products via Raisin’s savings and investments marketplace, Jane Connolly reports.
Praxia is due to fully launch its products and services for corporate and retail clients at the end of this year. Partnering with Raisin is reportedly a core part of the challenger bank’s innovative strategy, as it aims to take advantage of the operational flexibility of the cross-border model.
The Greek bank’s deposit products will be offered in Germany through Raisin’s German platform, WeltSparen.
Praxia Bank CEO, Anastasia Sakellariou, says: “This enables Praxia Bank to become a key player in the global financial market, offering our products beyond the Greek borders in line with the current trends set by pioneering banks in Europe.”
Earlier this month, Raisin announced partnerships with the UK’s credit checking service ClearScore and Italy’s ViViBanca. The Italian bank also plans to enter the German market through Raisin, offering its high-yield deposit accounts to German retail investors.
Raisin aims to offer savers across Europe the best interest rates available. The company has over 70 partner banks in more than 30 countries, serving at least 165,000 customers.
