Praxia Bank selects Temenos T24 core banking system targeting the area of SME lending and consumer credit
- Temenos provides enterprise software for banks and financial services, with its headquarters in Geneva, Switzerland
- The project will launch Praxia as the first challenger bank in the Greek market
- The platform allows the bank to offer further digital products to its customers, like deposits, auto loans called greenfield implementation project
- Praxia has plans to launch a network of retail stores and business hubs, so the choice on system was based on the ability to deliver on its digital-first vision from in-person to online
- The onboarding process will also be completely digital, with a single front-end for any and all interactions with the bank
- Praxia aims to grow its loan portfolio to €4 billion by 2022
