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Fintech Northmill Gets Banking License: Should Revolut, N26, and Others Be Worried?

Northmill is a Sweden-based fintech company, which, up until now, has been offering cloud-based financial services under the slogan “building the bank of tomorrow.” Since 2017 the company has been working closely with the SFSA to become a fully regulated bank. While some might think that such a rival newcomer can’t do a thing to industry giants like Revolut and N26, Northmill currently offers a consumer-focused product that could lure in potential clients from its competitors.The company...

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