Klarna lands $200m from CBA for Australia launch
CBA will own half of Klarna’s Australian and New Zealand business.
Sweden
Central banks in Europe, Japan and Canada assess potential digital currencies
Central banks in Canada, the UK, Japan, Switzerland, and Sweden are teaming up.
Swedish mobile loan app Bynk rebrands to neobank Rocker
The fintech is launching in wider Europe and plans for listing.
Nets acquires Finnish firms Poplatek and Poplapay
Nordic payments group snaps up new firms to boost terminal services.
API builder Tink launches in Italy and Portugal, opens Madrid and Milan offices
Tink has bagged transaction data from 32 FIs across the regions.
Swedish AI start-up Bokio raises €4m led by local investor Creandum
The start-up uses AI to simplify bookkeeping for small businesses.
IMF to put Nordic banks’ AML controls under microscope
International regulator investigates banks’ alleged failings.
Swedish neobank Northmill appoints new chief analytics officer from Swedbank
Georges Mansourati spent eleven years at Swedbank.
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.
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.
Ripple invests in XRPL infrastructure startup Towo Labs
Investment going towards the development of hardware wallet firmware.
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.
Nordic banks reveal business plan for single payments platform P27
The banks predict P27 will start generating revenue in 2021.
Thought Machine deploys Vault core platform at SEB innovation hub
SEB’s studio set to experiment with cloud-based core system
Swedish challenger bank PFC goes live on Mambu technology
Mambu banking engine gets green light 10 months after launch.
Danish fintechs partner to set new standards for accounting industry
Businesses can see transactions in seconds rather than days.
Sibos 2019: SEB launches new environment-friendly product for Nordic SMBs
Th trend is shifting from last year’s focus on renewable energy.
Northmill receives banking licence from Swedish Authority
The neobank says it’s had a “constructive dialogue” with the SFSA
Swedish fintech Capcito closes €7m funding round
Capcito saw a 500% increase in active clients since last year.
EQT will raise at least €500m in IPO
EQT is the world’s seventh largest private equity fund.
Tink tells NCA companies “are not ready” for PSD2
The letter also asks for “stronger industry collaboration” with TPPs.
Nordic challenger bank Lunar Way raises €26 million
With its fresh new licence, Lunar Way is now the newest bank of the Nordics.
Swedish fintech Northmill launches new saving service
Customers can lower their interest rates in a matter of minutes
Mastercard acquires Nets’ real-time payment business
Nets’ Corporate Services business offers a gateway into several European markets
SEB and SAS invest in Combient’s AI hub
Combient mix aims to attract talent and drive automation.
Mitigram raises $10.7m to facilitate trade finance risks
The Swedish fintech gets another round a year after the first one.
Mastercard and P27 to launch Nordic real-time payments system
The partners aim to build a world-first system across the region.
Instantor launches tech education platform
Roughly 44% of European credit risk experts don’t understand the benefits of machine learning.
Länsförsäkringar Bank completes TCS core banking implementation
The new solution is expected to enable flexibility in services and pricing.
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.
