Länsförsäkringar Bank completes TCS core banking implementation
The new solution is expected to enable flexibility in services and pricing.
Sweden
Swedbank partners with Kaching Retail to develop mobile payments
The bank has also become a key investor.
Trustly and Collector Bank team for instant payments to Nordic merchants
The partnership seeks to take advantage of the popularity of online bank payments in the region.
Capgemini powers Skandiabanken’s new mortgage platform
The new tech uses the Pega Platform, the digital process automation (DPA) platform from Pegasystems
Swedish fintech Minna Tech receives €5.6m funding
The subscription management tech now aims to make customer experience easier.
Swedish refinancing start-up Anyfin eyes European expansion with €8m investment
The extended Series A round brings total investment to €13.3 million.
Europe’s dance of fintech hubs
As a strong and united ecosystem, the European fintech scene can finally discover its true potential.
nCino lands new customers in Stockholm and Sydney
DBT Foretagslan and Thinktank are BOS-sing it.
Lunar Way and Tink to the moon and back for payments
Making the most of Lunar Way’s new AISP and PISP licences.
Video: fintech news weekly round-up – 11 February 2019
Challengers Starling and Revolut, Tink, and the importance of digital assets.
API platform Tink raises €56m and expands in Europe
Now coming to countries like the UK and Spain, among others.
Banking Technology February 2019 issue out now
Superstructures: fintech reaches new heights.
Meniga wraps around consumer rewards with Wrapp acquisition
Merging both Stockholm offices.
Betalo unleashes Swedish neobank PFC
With a name like Personal Finance Co. its plans are obvious.
Bankgirot awards $77m IT outsourcing contract to Evry
30+ employees of Bankgirot will be offered new positions at Evry as part of the seven-year deal.
Cinnober to be taken over by Nasdaq for $190m
Nasdaq has made a $190 million all cash offer for Swedish trading tech firm Cinnober.
Nordea takes open banking to Sweden
So I say thank you for the innovation, for giving it to me.
Instantor unleashes World Domination Starter Kit for APIs
It isn’t the plan of a Bond villain – it’s for developers and start-ups.
Nordnet rejects AI Amelia’s advances
Swedish digital bank says it’s not you. It’s me. (Sort of.)
Infographic: B2B e-commerce – England vs Sweden
PPRO Group has created (with its hands, not its feet) this cool infographic.
Rebtel’s new digital bank for migrants lands $8m
Added to another $8m of funding.
Swedish payments firm iZettle plans IPO
IPO expected to be completed this year.
iZettle squares up to Square with e-commerce platform launch
“Biggest product launch since 2011.”
Tink unveils API developer platform
Swedish fintech Tink has introduced its API developer platform.
Qapital lands $30m funding
The latest round brings Qapital’s total funding to $47.3 million.
Danske Bank selects start-up Minna for PFM partnership
PFM solution will be integrated into mobile banking app.
Enkla in its digital prime for mortgages
Swedish twins unleash new lending venture.
Folkefinans in tech revamp with Mambu’s SaaS-based core banking system
Nordic finance and credit company Folkefinans is implementing Mambu’s core banking tech.
Nordic banks mull common payments infrastructure
Danske Bank, DNB, Handelsbanken, Nordea, OP Financial Group, SEB and Swedbank in talking mood.
BehavioSec boosted by $17.5m funding
Behavioural biometrics company now has total funding of almost $26 million.
Euronext acquires InsiderLog for €5.8m
Buys 80% of the capital of Stockholm-based insider list management firm.
Thomas Cook and Ferratum launch mobile banking app for holidays, Sumo
The first ever mobile banking app designed for holidays launched in Sweden. UK to follow.
Infographic: the world’s most cashless countries
What countries among the 20 largest economies are adapting quickest to using cashless systems like phones and contactless cards? New research (and nifty infographics) from global trading site Forex Bonuses reveals that Canada takes the top spot, narrowly edging out Sweden for the top position.
SEB and Nasdaq working on blockchain prototype for Swedish mutual fund market
Swedish financial services group SEB and Nasdaq are working on a joint project to test a developed prototype for a mutual fund trading platform based on Chain’s blockchain ledger. The aim is to increase efficiency in the processing of purchases and sales of fund units and to create a unit ledger – an area which […]
Klarna celebrates year-over-year sales, profit gains
Klarna is having quite a summer. It reported sales and profit results for the first half of 2017 that represented gains of 21% and 138%, respectively, reports Finovate (Banking Technology‘s sister company). The strong financials come amid a series of headlines that show the Swedish payments company making strides on a number of fronts. This includes […]
Trustly teams up with Qliro
Business-to-business (B2B) payment solutions company Trustly has partnered with e-commerce payment provider Qliro.
Investment firm Permira buys into Klarna’s banking ambitions
Investment firm Permira will acquire a 10% equity stake in Swedish payments and banking firm Klarna. As part of the deal, Permira will buy shares from existing shareholders General Atlantic, DST Global and Niklas Adalberth, upon receipt of approval from the Swedish Financial Supervisory Authority (Finansinspektionen). Once the transfer is complete, General Atlantic and DST […]
Klarna enters the big time with banking licence
Payments provider Klarna has powered up with a full banking licence from Finansinspektionen, the Swedish Financial Supervisory Authority. Sebastian Siemiatkowski, CEO of Klarna, says it is “now one of Europe’s largest banks with 60 million customers, 70,000 merchants and working seamlessly across borders”. With the licence, Klarna states it can broaden its product portfolio for […]
Sweden’s SEB selects CGI for trade transaction action
Swedish financial services group SEB has selected Canada-based CGI’s Trade360 solution for trade finance and emerging digital technologies, such as blockchain. CGI Trade360 is a cloud-based transaction platform and includes a portal for end-to-end transaction management, including regulatory compliance. SEB is the first bank headquartered in Europe that will implement the solution. Robert Pehrson, head […]
Nordea innovation homes in on Stockholm
Nordea Bank has teamed up with the Stockholm Fintech Hub (SFH) for innovation ambitions and to connect with start-ups, financial institutions and regulators. The bank says a number of people from Nordea will move into the space, so it can talk and work with start-ups, bigger companies, other banks and “new players” like IBM and […]
