Piraeus and Qualco ink deal to develop digital mortgage platform

According to the company’s announcement, the Platform will be developed and operated through a newly established company, in which the Bank will hold a 51% stake, while Qualco will retain a 49% minority share.

This strategic initiative aims to diversify Piraeus Bank’s positioning by offering a comprehensive digital journey for mortgage customers, accelerating disbursement times and optimizing related processes. Leveraging artificial intelligence, the Platform will enhance the mortgage financing experience by simplifying steps from application to disbursement through automated and digitally supported workflows.

In the future, the Platform is expected to integrate with real estate sales platforms and other digital tools, thereby expanding the Bank’s reach in the market.

The Platform will cover both the processing of loans granted by the Bank and the exploration of financing opportunities on its behalf. Qualco is committed to the continuous development, maintenance, and evolution of the product to ensure optimal performance and profitability.

Qualco, a leading technology company offering a broad range of fintech solutions with extensive expertise in artificial intelligence and digital transformation, has been selected as the preferred partner for developing and implementing the proposed solution, as well as for providing long-term support for the project.

The law firm KLC acted as external legal advisor to Piraeus Bank for this transaction.