Eurobank
“Can a Greek systemic bank leverage open banking APIs and cross-border payment rails (UPI, PSD2) to deepen its role as a financial hub across Southeast Europe and new corridors like India?”
HQAthens, Greece
IndustryBank / National
The story
Eurobank is one of Greece's largest systemic banks, operating across Greece, Cyprus, and Luxembourg with approximately €28 billion in total assets. While primarily a traditional retail and corporate lender, Eurobank has invested in open banking infrastructure (its own Open Banking Portal since at least 2025) and has made moves into cross-border payments via UPI/NPCI. The bank's embedded finance posture is that of an incumbent banking group building out API-first connectivity rather than embedding third-party fintech services.
Last 12 months
Product timeline
2025
Eurobank Private Bank Luxembourg S.A. launched its PSD2-compliant Open Banking API (XS2A) production interface in November 2025 using Salt Edge.· banking
2026
Eurobank launched the Eurobank Open Banking Portal (openbanking.eurobank.gr), offering Regulatory and Premium APIs for account information, payments, and funds confirmation.· banking
2026
Eurobank became the first European lender to enable cross-border remittances from Greece and Cyprus to India via UPI in collaboration with NPCI.· banking
Regulated entities
2
regulatory licences held by Eurobank
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
3 layers disclosed in Eurobank’s embedded-finance stack
Card network
Lending
in the full report
Open banking
in the full report
Accounting gap: none
16 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.