Greece: National Bank Announces Establishment of Fintech Innovation Hub

On March 13, 2019, the National Bank of Greece announced the establishment of the Fintech Innovation Hub in the country, which has already commenced its operations, aiming to bolster financial innovation while balancing potential risks and emerging opportunities.

The bank hopes for the Fintech Innovation Hub to become the environment where physical and legal persons, regardless of whether they hold authorisation or not, will be able to communicate with the other fintechs and the bank.

The bank is committed to providing supervisory and regulatory support by replying to submitted queries, and instructing and informing fintechs on any issues raised.

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