indó, Iceland’s first challenger bank, has selected a key partner for services.
In Brief:
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It has partnered with Finnish FinTech Enfuce for payments, open banking and sustainability services.
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indó plans to introduce the first new bank in decades to Iceland.
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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.
