indó, Iceland’s first challenger bank, has selected a key partner for services.
It has partnered with Finnish FinTech Enfuce for payments, open banking and sustainability services.
indó plans to introduce the first new bank in decades to Iceland.
Its banking licence is currently pending.
What does this mean?
indó aims to offer customers in Iceland a simpler, more transparent banking service, as is the case with most challenger banks. It plans to launch a card-linked app and will offer competitive interest rates – but funding will be deposited with the central bank.