Euromoney: "Western Europe: Pensions’ raid on mortgages heads north".
"Former software developer Alexander Widegren, who recently set up an online mortgage prototype called Enkla with his brother Marcus, illustrates the point well. He says Swedish banks’ mortgage handlers on average process just one mortgage per month. Earlier this year, he says Enkla registered around 10,000 potential borrowers in just four days while no one at Enkla was in the office. “When computer nerds go to the financial world magic happens, but when financiers go into tech nothing much happens,” he says."
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