Open Banking in Greece

Greece transposed PSD2 through Law 4537/2018, with the Bank of Greece overseeing compliance. Major Greek banks including National Bank of Greece, Piraeus Bank, Eurobank, and Alpha Bank have implemented open banking APIs.

Greece's banking sector has undergone significant restructuring following the financial crisis, resulting in a concentrated market with four major systemic banks. Digital banking adoption has accelerated rapidly, driven partly by capital controls that encouraged electronic payment usage. This digital shift creates favorable conditions for open banking services.

Athens' growing technology ecosystem and government digital transformation initiatives support emerging fintech activity. Greece's open banking development builds on increasing consumer comfort with digital financial services.