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Nordea innovation homes in on Stockholm

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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

Samsung Pay comes to 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

Samsung Pay comes to 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

Simcorp signs large deal with SEB

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

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Swedish Export Credit Corporation (SEK) is implementing Wolters Kluwer’s OneSumX regulatory reporting software for International Financial Reporting Standards (IFRS) 9 reporting.

Top stories this week – 2 December 2016

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Sweden to launch fintech hub

Stockholm to get its own fintech hub in 2017

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

The robots are coming...

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?

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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

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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.

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