Swedish payments firm iZettle plans IPO
IPO expected to be completed this year.
IPO expected to be completed this year.
“Biggest product launch since 2011.”
Swedish fintech Tink has introduced its API developer platform.
The latest round brings Qapital’s total funding to $47.3 million.
PFM solution will be integrated into mobile banking app.
Swedish twins unleash new lending venture.
Nordic finance and credit company Folkefinans is implementing Mambu’s core banking tech.
Danske Bank, DNB, Handelsbanken, Nordea, OP Financial Group, SEB and Swedbank in talking mood.
Behavioural biometrics company now has total funding of almost $26 million.
Buys 80% of the capital of Stockholm-based insider list management firm.
The first ever mobile banking app designed for holidays launched in Sweden. UK to follow.
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.
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 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 […]
Business-to-business (B2B) payment solutions company Trustly has partnered with e-commerce payment provider Qliro.
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 […]
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 […]
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 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 […]
SEB is among the first banks in Sweden to offer Samsung Pay functionality to its customers.
Nordea has launched the beta version of Samsung Pay in Sweden. The bank’s customers can use this new payment service to make in-store payments with their mobile phones.
Sweden-based financial services group SEB has selected Simcorp Dimension as its new back office platform for transaction processing, reconciliation, settlement, accounting and derivatives processing.
Swedish Export Credit Corporation (SEK) is implementing Wolters Kluwer’s OneSumX regulatory reporting software for International Financial Reporting Standards (IFRS) 9 reporting.
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Stockholm Fintech Hub – an independent not-for-profit innovation hub – will open its doors in Q1 2017. Its aim is to promote and accelerate the development of fintech, insurtech and regtech start-ups.
SEB will be the first bank to use IPsoft’s cognitive technology for customer-facing operations in the Swedish language. The artificial intelligence (AI) solution, known as Amelia, will be integrated into the front-office set-up at SEB by the end of this year.
The Nordics have a unique model for domestic payment processing, but some of the upheavals in the system provide a lesson for other countries debating faster, upgraded payments initiatives. Owned by the eight largest banks in Sweden, Bankgirot is the clearing house for domestic payments in Sweden, and provides the banks with payment product and […]
Nordic financial services group Nordea has gone live in Frankfurt and London with a web-based trade finance solution, which it says will help to strengthen its international trade finance business.
Nordic bank Alandsbanken has chosen risk management tools from SunGard, which it says will help the bank to comply with new financial regulations. SunGard’s Ambit Risk and Ambit Performance products will be used by the bank to manage interest rate and liquidity risk and help the bank keep track of its balance sheet.