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Infographic: the world’s most cashless countries

Cashless Infographic

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.

SEB and Nasdaq working on blockchain prototype for Swedish mutual fund market

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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 celebrates year-over-year sales, profit gains

Klarna unveils Wavy

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 […]

Trustly teams up with Qliro

Equiniti and Nostrum agree M&A

Business-to-business (B2B) payment solutions company Trustly has partnered with e-commerce payment provider Qliro.

Investment firm Permira buys into Klarna’s banking ambitions

Klarna

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

Klarna logo

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

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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

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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.

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