Northmill Bank, a neobanking group based in Sweden, recently announced it has joined forces with open banking platform Tink. Northmill reported that the partnership will allow the bank to add another layer of intelligence to its credit assessments. While speaking about the partnership, Babel Poli, VP Product at Northmill Bank, stated:
“Tink can be seen as an international leader in open-banking today and has broken many barriers leveraging their strong technical capacity. For us as a cloud-only bank, it means that we get a solution that is easy to implement and makes it possible for us to immediately start generating value for our customers.”
Northmill Bank and Tink added they will continuously keep developing their partnership.
“In the near future, the neobank will be able to offer its customers a range of services which all take full advantage of the power of open-banking. For example a full overview of expenses, simplified verification of income and additional layers of personalization that aim to help people improve their financial lives.”
As previously reported, Northmill was founded in 2006 and is on a mission to straightforward and secure financial services for everyone through new technology, innovation and “lots of passion.”
“Our mission is simple – we develop products that help people save time and money. And we are using the latest technology to do so. We want everyone to be in full control over their personal finances, wherever they are, in a way that is as accessible and customer-friendly as possible.”