Crosskey provides modern payment solution for Northmill
The Swedish tech bank Northmill has a mission to help people save money and improve their personal finances using the latest technology. Crosskey was engaged to package their new offer.
Imagine that you have a personal banker that works for you 24/7 and is able to offer you great credits, decrease the interest rate on existing ones, offer you affordable insurances, help you save money or receive interest on your savings account. But replace the personal banker with technology. That’s how Northmill describes their new consumer-focused financial service Rebilla. The development of the service led to a cooperation between Northmill and Crosskey, which began when Northmill choosed an overall solution for card issuing.
– We have packaged a complete offering for card issuing combined with back office services where several subcontractors are included to create a smooth process and a modern payment solution, says Victoria Sundberg, Business Area Manager Card & Mobile Payments, Crosskey.
The cooperation also includes a BIN sponsorship, a solution that makes it possible for banks to share the same Mastercard license. Crosskey’s long partnership with Mastercard will facilitate a quick entrance on the market for Northmill.
– Rebilla is a true challenger on the market and it has been a pleasure to be a part of the realization of its offering. Northmill has a great corporate culture and an impressive number of successful product launches in a short period of time. We are now looking forward to doing several launches together, says Victoria Sundberg.
– We aimed to introduce the best card on the market with 2 percent cashback up to SEK 50 000 and no fees. In order to achieve that we needed a partner that could match our ambitious mindset, our strong culture of innovation and the high pace in which we conduct product development. We found that in Crosskey and look forward to further cooperation, says Hikmet Ego, CEO at Northmill.
Crosskey delivers modular banking, card and capital markets services and systems. There are approximately 250 employees who take care of satisfied customers such as Ålandsbanken, Marginalen Bank and S-Banken in Stockholm, Mariehamn, Turku and Helsinki. Crosskey strives for sustainable solutions that have a positive impact on the environment.
Northmill is a tech-bank with the vision of simplifying everyone’s financial life. Founded in Stockholm, Sweden in 2006, Northmill develops customer-centric and accessible products that help everyone save money and time. Northmill has 200 000 customers and 125 employees, with over 50 percent working with IT, in three countries. Northmill Bank AB acts under the supervision of Finansinspektionen, the Swedish Financial Supervisory Authority and is subject to the Banking and Financing Business Act (2004:297). www.northmill.com.
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