Nordics

IKEA Makes Banking Moves With 49% Stake Acquisition in Ikano Bank

Ingka Group, the parent company of furniture retailer IKEA, announced that it has acquired a 49% stake in Ikano Bank with the option to acquire the remaining shares at a later date. The transaction is subject to approvals by the

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Crunchfish Implements Digital Cash on Cards

Crunchfish announces a new patent pending innovation with application number SE2150109-3 that extends offline frictionless mobile payments to also support payment cards. This is especially important in CBDC implementations as cards as a bearer instrument is important to ensure financial

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Svea Finland Ties up With Nordic API Gateway to Boost E-Commerce Checkout

Payments service provider Svea and Nordic API Gateway, Denmark’s open banking platform, signed a new partnership that is set to boost e-commerce checkout for a wide range of merchants in Finland through the latter’s platform. The open banking platform is currently

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Nordic Countries Emerge as Front-Runners in Open Banking Adoption

The Nordic countries are placing themselves at the forefront of the open banking movement. In Denmark, Finland, Norway and Sweden, traditional financial institutions and fintechs are rapidly embracing the trend which they perceive as a major opportunity for their businesses,

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Swedish Minna Technologies Bags €15.5 Million in Funding Round Joined by Visa

Swedish fintech startup Minna Technologies has raised €15.5 million (£14 million) during a Series B fundraising led by Element Ventures with support from MiddleGame Ventures, Nineyards Equity and Visa, to help retail banks enable their subscription management offering. The new

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4 Companies to Know in Denmark’s Booming Fintech Sector

The Danish fintech startup scene has grown significantly over the last few years, rising from only 70 fintech companies in 2015 to more than 250 in 2021, according to numbers from industry trade group Copenhagen Fintech. In 2020, Danish fintechs

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Swedbank Joins Forces With Meniga to Offer Personalised Banking Services

Meniga, an Iceland based AI-driven digital banking solutions provider, has partnered with Swedbank to launch new services to increase customer engagement. The new digital banking solution is now live at all of Swedbank’s markets in Sweden, Estonia, Lithuania and Latvia. Utilising

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Amazon Expands Its Footprint to Sweden, Part of Its Europe Expansion Plan

Amazon has launched its first Nordic online store with the domain name of Amzon.se as part of its expansion plan into Europe. “We are thrilled to launch Amazon.se and to be able to offer Swedish customers a selection of more

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Finland Billboards Now Double as Disinfectant Terminals for Mobile Phones

Nordic health company Terveystalo has turned billboards into disinfectant terminals that can supposedly clean a phone in only 15 seconds with UVC light. The billboards are located in Helsinki and Turku in southern Finland. There is a small hatch in

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A Biometric Payment for Nordic and Baltic Banks

Norway-based biometric fintech Zwipe and TietoEVRY, a provider of software and digital banking services in the Nordics, have agreed to jointly roll out biometric payment solutions based on the Zwipe Pay ONE platform. With the recent surge in demand for

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