Piraeus Bank has signed a shareholders agreement with technology firm Qualco to develop a digital solutions platform, with an initial focus on the mortgage sector.
The new platform will be established and managed by a company that Piraeus Bank will control with a 51% stake, while Qualco will hold a minority share of 49%.
Digital Transformation
This strategic initiative is designed to set Piraeus Bank apart by providing a comprehensive digital experience for mortgage customers, expediting approval times and refining related processes.
By harnessing artificial intelligence, the platform aims to enhance the mortgage financing journey, streamlining the application-to-disbursement process through automated and digital methods.
In the future, the platform will connect with real estate websites and other digital tools, broadening the bank’s market presence.
The platform will facilitate both the processing of loans issued by the bank and the identification of additional financing opportunities. Qualco is dedicated to the ongoing development, maintenance, and evolution of the platform to ensure its optimal performance and profitability.
Qualco, a prominent technology company specializing in a wide array of fintech solutions and equipped with significant expertise in artificial intelligence and digital transformation, has been chosen as the preferred partner for developing and implementing this solution, as well as providing long-term project support.
According to the announcement, the law firm KLC served as external legal counsel to Piraeus Bank for this transaction.
