Ancoria Bank: Now with digital presence in Greece

Press Release 11:57 - 05 March 2024

Financial Services Reporter

Since its inception, Ancoria Bank has set high targets and invested in cutting-edge technology to offer its customers a unique banking experience.

Taking advantage of its European passport license, Ancoria Bank has strategically expanded into Greece, by offering a new digital product for consumers: Microloan for Payment of the Annual Road Tax.

This product, developed internally by Ancoria Bank's expert team, is accessible through the platform wallet+ of the award-winning InsurTech company, Hellas Direct, with instant disbursement, enabled by an automated evaluation and decision-making mechanism (algorithm) based on the bank’s criteria. Notably, Ancoria Bank has already received an overwhelming response, with over 20,000 applications in just three months.

Ancoria Bank has achieved a milestone by using APIs to connect with important institutions in Greece, in order to offer this product, without a physical presence in the country. The fact that the Microloan for Payment of the Annual Road Tax has already been awarded at the Digital Finance Awards 2024 in Greece proves once again that the bank is constantly evolving by offering innovative digital solutions, which aim to make the banking experience accessible to everyone.

The positive response and trust shown by the Greek public in Ancoria Bank and to the product, strengthen its commitment to continue its banking operations in Greece by offering other innovative digital products in the near future through its European passport licence.

Ancoria Bank: Now with digital presence in Greece

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