Ask Wire, a leading Cypriot fintech specializing in real estate data and analytics, is at the forefront of a groundbreaking initiative transforming the mortgage market in Greece. Partnering with Attica Bank, Ask Wire is developing a cutting-edge Banking-as-a-Service (BaaS) platform that will redefine the homebuying experience by seamlessly integrating property listings, mortgage financing, and essential homeowner services such as property insurance, energy, etc.

The global real estate market, valued at approximately $379.7 trillion, is undergoing a digital transformation as financial institutions embrace BaaS solutions. BaaS enables banks to embed financial services directly into third-party platforms, streamlining the mortgage process for consumers and expanding market reach for banks.

Attica Bank’s new platform, announced in early February 2025, exemplifies this shift. Designed to simplify real estate transactions, it offers homebuyers access to property listings, mortgage financing, market analytics, and additional services such as discounted energy supply and technical support—all in one place.

A key feature of Attica Bank’s platform is its integration with “My Home II,” a €2 billion EU Recovery and Resilience Fund-backed initiative supporting first-time buyers with favorable mortgage terms. The program provides loans of up to €190,000, with zero interest on 50% of the loan capital, significantly reducing homeownership costs for young and moderate-income buyers.

This innovative ecosystem brings together a diverse range of service providers, including:

• Resolute Cepal Greece – Loan servicing and underwriting

• Volton – Discounted energy supply

• TMEDE – Technical support and energy inspections

• Ask Wire – Real estate data and market analytics

Through this integrated approach, buyers can identify suitable properties, assess financing options, and complete the mortgage process seamlessly.

Ask Wire has been instrumental in building the BaaS platform, leveraging its expertise in AI-driven real estate analytics. The company provides over 22,000 property listings and advanced market intelligence, helping buyers make informed decisions while enabling banks to optimize their mortgage offerings.

With operations in Cyprus, Greece, and Romania, Ask Wire’s role in this project highlights Cyprus’ potential as a fintech hub capable of scaling innovative financial solutions across borders. The expected success of this collaboration underscores the growing demand for data-driven, technology-enabled mortgage solutions in Southern and Eastern Europe.

BaaS-driven real estate platforms are reshaping the industry, offering significant benefits for all stakeholders:

• Homebuyers experience faster mortgage approvals, enhanced property recommendations, and potential savings on utilities.

• Banks reduce operational costs, enhance risk management, and expand their customer base.

• Utility providers and real estate tech firms gain new sales channels and engage buyers earlier in the home-buying process.

The BaaS market is projected to grow from $2.5 billion in 2022 to over $7 billion by 2030, signaling an accelerating shift toward integrated digital mortgage ecosystems. As Cyprus looks to embrace this trend, Ask Wire’s success with Attica Bank provides a blueprint for local banks and fintech firms to replicate and scale similar initiatives.

For more information, visit Ask Wire.