The Bank of Greece was one of the first national central banks to launch an Open Data Portal, in 2018. During the same year, Athens was named the European Capital of Innovation, for the innovative ways in which it has overcome social and economic challenges and turned them into new opportunities.
Following the financial crisis in 2010, the country has rebounded to become a very promising destination for startups and Open Banking alike.
The future of Open Banking in Greece looks encouraging. The country has bought in the advantages of technology and is working diligently to make it a country-wide norm. Time is on Greece’s side as more and more steps are taken for OB to be adopted by all major financial institutions.