Sweden-based consumer finance firm Ikano Bank has selected payments services provider Nets to power its lending platform, issuer processing and related services. Nets sees the deal as part of a European expansion The four-year contract will see Nets providing a “full-scale lending platform” to support Ikano Bank’s consumer finance services in all markets. The first accounts and products to be launched under the new system are expected to release later this year. Ikano and Nets are building on an existing partnership, which the latter sees as an important part of its expansion plans in Europe. Paul Axemo, head of products…
Ikano Bank builds on Nets partnership to power new lending platform