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 […]
SEB supports Samsung Pay in Sweden
SEB is among the first banks in Sweden to offer Samsung Pay functionality to its customers.
Nordea brings Samsung Pay to customers in Sweden
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.
SEB to consolidate investment management ops with Simcorp Dimension
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 implements Wolters Kluwer’s OneSumX for IFRS9 reporting
Swedish Export Credit Corporation (SEK) is implementing Wolters Kluwer’s OneSumX regulatory reporting software for International Financial Reporting Standards (IFRS) 9 reporting.
Top fintech stories this week – 2 December 2016
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Sweden to launch fintech hub
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 deploys IPsoft’s virtual agent, Amelia, for customer facing ops
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.
What can we learn from Sweden’s domestic payment system quandary?
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 […]
Nordea rolls out web-based trade finance tools
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.
Finland’s Alandsbanken adopts SunGard risk management tools
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.