Anastasia Sakellariou, Praxia Bank CEO

Greek digital bank, Praxia Bank, has announced a partnership with European deposits marketplace Raisin in a bid to expand its deposit offerings through WeltSparen(Raisin’s German deposits platform).

According to the bank, it aims to be a part of an international online deposit marketplace and therefore, is aiming to utilize the operational flexibility of its cross border digital model.

Anastasia Sakellariou, Praxia Bank CEO said: “We are a new digital bank seeking to do things differently, to offer a seamless and easy-to-access banking experience with technology on our side. As we approach the launch date of a range of products and services for our corporate and retail clients in the fall of 2019, we have opted to reinforce our deposit base through Raisin’s platform. 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.”

The new product offering that is expected to be launched in the fall of 2019, will offer products and services that address the digital trends, thereby working towards improving the banking experience.

Recently, Raisin’s saving platform, WeltSparen partnered with Commerzbank in order to address the bank’s corporate clients in Germany.

Founded in 2018, Praxia Bank is a privately-owned bank with an international shareholder structure operating under the Deposit and Investment Guarantee Fund and the supervision of the Bank of Greece.

by Megha Bhattacharya
Market Analyst at IBS Intelligence
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