Exclusive: Unite Global secures second $5.25m investment from Svea
Svea exercised an option to increase its holding from 4.95% to 9.91%.
Norway
Video: pick of the week – Tink and AmEx team up; Commerzbank agrees 10,000 job cuts
A top pick of stories from the world of finance and tech in bitesize video format, twice a week.
Tink and American Express sign European open banking deal
New AmEx customers will “seamlessly connect” to their accounts.
Nordea core banking chief Joseph Edwin leaves after six years
Joseph Edwin steps away from Nordic giant after many years leading major change.
Santander launches Prosper open banking-powered PFM app
Roll-out of Prosper has already started in Denmark.
SEB signs Google Cloud partnership extension
SEB to deploy Google services across wider segments of the bank.
Nordea to deploy AxiomSL’s RegCloud for regulatory reporting
Scandinavian bank aims to meet Finrep, Corep, AnaCredit, and SHSG requirements.
Web browser Opera hires ex-PayPal and Tencent exec to lead new fintech arm
The new EVP likens Dify’s potential to PayPal’s market disruptor status.
Norwegian web browser Opera launches fintech “Dify” in beta
Opera made two fintech-focused acquisitions last year.
Swedish neobank Northmill raises $30m to power European expansion
The first stop along the way is a new product launch in Norway.
Nordic challenger Lunar lands $47m Series C
The round arrives just seven months after its €20 million Series B extension in April.
Lunar picks Nordic API Gateway to enable account aggregation
Danish challenger bank claims to be pioneer with new service.
Web browser Opera to buy digital challenger Fjord Bank
In December 2019, the digital challenger landed a specialised bank licence.
Norway’s Husbanken selects Temenos Transact
The Norwegian state housing bank replaces legacy tech with Temenos.
Challenger bank Lunar partners with Danish esports firm Astralis
Denmark and Sweden lead European esports usage.
Nordea-backed subscription manager Subaio lands challenger bank Lunar
The Nordic bank has 150,000 customers.
Anyday and Clearhaus to take on payment giants in Norway and Spain
“We’re ready to take on the giants,” says Anyday’s CEO.
Nordic API Gateway lands $5m from Danske Bank and DNB
The fresh capital will initiate an “aggressive growth” plan to achieve pan-European coverage.
Nordea helps suppliers to get paid early amid coronavirus
Suppliers will benefit from “several hundred million euros” early.
Nordic challenger Lunar adds $21.6m to its Series B
Monzo’s former head of product Ole Mahrt will also join its board of directors.
Wirecard strikes again with Klarna payments partnership
Also this week, Wirecard teamed with Southeast Asian ride-sharing firm Grab.
Exclusive: Unite Global gets $5.25m from Svea to launch cross-border payments hub
The new hub will select 8-12 partner banks to deliver global instant payments.
Swedbank partners SIA and TietoEVRY for RT1 payments
30 million payments have already been made on the new system.
Nordic API Gateway CEO: Fintechs trying to be European too fast
“Open banking has a tendency […] to do stuff globally or do it pan-European,” says CEO.
Nets acquires Finnish firms Poplatek and Poplapay
Nordic payments group snaps up new firms to boost terminal services.
Signicat appoints new CEO and chairman
Signicat already works with DNB, Allianz and Saxo Bank.
IMF to put Nordic banks’ AML controls under microscope
International regulator investigates banks’ alleged failings.
Nordea’s chief digital officer quits ahead of bank’s next digital phase
MacLeod feels it’s “the right time” for him to leave.
Sweden’s subscription manager Minna Technologies lands deal with Norway’s SpareBank 1
Competitor Subaio has recently signed deals with various other Nordic banks.
Subaio subscription management solution live at multiple Nordic banks
Firm plans further expansion following successful projects in Scandinavia.
Norwegian challenger Bulder Bank launched by Sparebanken Vest
Bulder Bank plans to expand from mortgages in the near future.
Nordea writes off millions in IT impairment charges
The bank has racked up a €1.3 billion bill for one-off items.
Société Générale to offload SG Finans leasing business
French banking group puts Nordic wing up for sale.
How to thrive in an ever changing market, a conversation with the COO of Qualco
Spyros Retzekas, COO at Qualco says agility is the key.
Norway’s largest bank set to monopolise country with all-access mobile banking app
DNB has access to every bank in the country.
Thought Machine deploys Vault core platform at SEB innovation hub
SEB’s studio set to experiment with cloud-based core system
Danish fintechs partner to set new standards for accounting industry
Businesses can see transactions in seconds rather than days.
Nordic challenger bank Lunar Way raises €26 million
With its fresh new licence, Lunar Way is now the newest bank of the Nordics.
Mastercard acquires Nets’ real-time payment business
Nets’ Corporate Services business offers a gateway into several European markets
Norway’s SpareBank 1 picks Nets for Open Banking
The 14 savings banks in the group are preparing for PSD2.
