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Northmill Bank appoints Tobias Palmborg Chief Technology Officer

Northmill Bank appoints Tobias Palmborg Chief Technology Officer, Northmill Bank

Swedish neobank Northmill Bank has recruited Tobias Palmborg to serve as its new CTO.

At Northmill Bank, Palmborg will be tasked with scaling up and accelerating the technology and product organization, strengthening the connection to the core business, and preparing for continued expansion. He will also occupy a role in Northmill Bank’s Management Team.

Said Hikmet Ego, Northmill Bank CEO, “We are happy to welcome Tobias to Northmill Bank! He has a wide experience and international expertise, and has a deep knowledge of how a modern and agile tech and production organization works. Today, over fifty percent of our employees work with tech and we have the ambition to continue our long-term commitment and grow profitably. We want to be a positive driver for more customer-centric financial products, and have a high degree of relevance and personalization in our offerings. Tobias will play an important role in this exciting and business-critical work.”

Prior to signing on with Northmill, Palmborg served as online gambling provider NetEnt’s CTO. In this role, he oversaw the construction process for a content distribution platform, acquired and integrated competitor Red Tiger, and put technology organization in place for Evolution to place a standing bid on NetEnt.

“There is another dimension to Northmill Bank which attracted me,” Palmborg said of his choice to join Northmill. “A genuine desire to improve people's financial lives, and with the help of technology and genuine customer focus, create a banking experience that doesn’t exist today. There’s also a culture of courage where they dare to challenge and question things, that feels very inspiring. There is already a natural scalability and a high operational efficiency in place. I look forward to continuing developing and creating a product and technology organization, which not only supports the business, but actively pushes towards the goal of improving our customers' financial lives.”

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