Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Nordea: No deployment of CBDCs in 2021 but greater clarity is coming

2021 will see further clarity offered on the development of central bank digital currencies (CBDCs) but deployment is still some way off, according to Ville Sointu, head of emerging technology at Nordea.

21 January 2021

Finextra TV/predictions

Top Emerging Technology Trends in 2021

Ville Sointu, Head of Emerging Technology at Nordea, provides his 2021 predictions for the direction of central bank digital currencies, the evolution of API-driven open banking strategies, and the changing role of retail banks in digital commerce.

19 January 2021

News/crime

Swedish banks formalise AML information sharing pact with police

Sweden's five largest banks have formalised an information sharing pact with the country's police force aimed at cracking down on money laundering.

19 January 2021

Company announcement/sustainable

Nordea joins the Partnership for Carbon Accounting Financials

Nordea takes an important step to further strengthen its work to track and measure its climate change risks and impacts by joining the industry-led Partnership for Carbon Accounting Financials (PCAF).

16 December 2020

News/payments

From hypotheticals to reality: P27 cogs are well and truly turning

Regulatory, technical, logistic, connectivity, and political challenges aren’t enough to slow the progress of P27. During their latest NextGen Nordics webinar by Finextra, industry players from across the European payments landscape joined to discuss the key factors impacting the project at present.

26 October 2020

Company announcement/startups

Nordea hosts virtual speed dates for startups and investors

Nordea is a main partner of Slush, the world’s leading startup and tech event. Nordea’s focus is on helping investors and startups find their best matches.

09 September 2020

News/payments

Sweden bids to steer customers away from installment payments amid fears over mounting debt

New rules in Sweden to discourage online shoppers from paying with credit could put a dent into the performance of local buy now, pay later company Klarna and other installment-based payment services.

02 July 2020

News/payments

ING spin out Cobase welcomes Nordea and Crédit Agricole CIB as new shareholders

ING spin-out Cobase, a provider of multi-bank treasury management services, has raised €10 million in funding from Nordea and Crédit Agricole CIB.

10 June 2020

News/regulation

Swedish banks join forces to fight money laundering

The five largest banks in Sweden have teamed up with the country's police to launch an anti-money laundering initiative.

29 May 2020

Company announcement/sustainable

Nordea and Nasdaq join forces to make the sustainability footprint of investments visible

As the world faces the consequences of climate change, resource depletion and pressing human rights issues, the call for sustainable products, services and companies has never been louder.

15 May 2020

News/retail

Nordea switches on account aggregation from Tink

Nordea is to provide its mobile banking customers with account aggregation and personal financial management tools from Swedish vendor Tink.

15 May 2020

Company announcement/payments

Nordea's suppliers receive faster payments

As many businesses urgently need liquidity at the moment, we will now process the payment of invoices much faster.

06 April 2020

News/sustainable

ReceiptHero aims to plant one million trees by 2025

Finnish fintech ReceiptHero is to donate $1 to conservation charity One Tree Planted for every new merchant that joins the digital receipt platform, setting a five-year goal to plant one million trees.

04 February 2020

Company announcement/retail

Nordea hires Ian Smith from Virgin Money as group CFO

Ian Smith, Group Chief Financial Officer (CFO) of Virgin Money UK PLC, will join Nordea as Group CFO and Head of Group Finance. He will also become a member of the Group Leadership Team.

31 January 2020

News/retail

Banking predictions for 2020 – more competition, more collaboration and new sources of revenue

As 2019 draws to a close, financial services commentators and vendors have made their customary end-of-year predictions for the 12 months ahead, with increased competition through supercharged PSD2 the principal driving force.

23 December 2019

Company announcement

Nordea to acquire SG Finans

Nordea has entered into an agreement with Société Générale to acquire all shares in SG Finans AS (“SG Finans”) and intends to combine the business with Nordea’s pan-Nordic finance company, Nordea Finance.

19 December 2019

News/regulation

Trust in Open Banking: Negotiating data liability between banks and TPPs

The breadth and complexity of Open Banking systems involve a web of players interconnected by the core need to access data. Used as the tool by which financial institutions and third parties deliver innovative financial products, the data required is highly personal by nature and brings with it a myriad of challenges on the part of institutions trying to capitalise its on value without taking on too much risk.

22 November 2019

Finextra TV/Sibos

Taking open banking beyond compliance

Tino Kam, head of transaction banking solutions, Nordea, speaks with Finextra about how banks can keep sight of their core objectives in the context of complex advancement in payments technology, the Nordea open-banking platform offering, and how banks should differentiate and decide between the best ecosystems in which to participate.

28 October 2019

News

Nordea goes live with digital receipts in Finland

Nordea is to add digital receipts to its wallet app in a collaboration with Finnish fintech firm ReciptHereo.

28 October 2019

News

Nordea to write down EUR735m in IT and cut further jobs

Nordea has plunged into the red after plans to slash jobs and centralise its IT operation contributed to a EUR1.3 billion impairment charge in the third quarter.

25 October 2019