News
Banking in 2024: Global Challenges, Europe’s Focus, and Innovation Path
As the Roman poet Ovid once said, ‘A horse never runs as fast as when it has other horses to catch and surpass.’ This metaphor aptly captures the essence of today’s banking sector, where understanding market demands and competitor strategies
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Iceland’s Landsbankinn and Meniga Transform Payments Landscape Through Open Banking Services
Iceland’s largest bank Landsbankinn announced it is leading the way in Open Banking innovation by becoming the first bank in Iceland to offer its customers Payment Initiation Services (PIS) and Aggregation Services (AIS). The solution is powered by Meniga, a
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French IN Groupe Takes Over Danish Digital ID Service from Nexi
Nexi has entered into an agreement with French IN Groupe which is to take over its eID business. This acquisition is in line with the strategy of both groups: to reinforce IN Groupe’s role as European leader in digital identity,
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Jifiti Granted Electronic Money Institution License in Europe
Jifiti, a global white-labeled embedded lending provider, today announced that it has been granted an Electronic Money Institution (EMI) license in Europe, following the Swedish regulator’s rigorous review and qualification process. As a white-labeled solution provider to banks, regulated lenders
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Swedish Fintech Startups Feel the Funding Contraction
In Sweden, fintech companies are finding it more difficult to secure funding, noting that investors have adopted a more cautious approach amid economic uncertainties, geopolitical turmoil and soaring inflation. But despite the challenging venture funding landscape, fintech entrepreneurs remain confident
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Neo Bank Saldo Opens Banking Operations in Finland
The competition for savings accounts is intensifying in Finland. Saldo Bank, a neo-bank with a Finnish background, brings term deposits and digital loan services to the consumer market. The Finnish deposit market gets more competition as fintech company Saldo Bank
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Sweden’s Instant Payment Fintech Brite Raises $60 Million
Brite Payments announced a $60 million funding round led by specialist B2B software investor Dawn Capital and joined by Headline and existing investor Incore. Brite leverages open banking to offer businesses easy-to-integrate, instant account-to-account (A2A) payments and payouts. The fundraise
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Sweden’s Social Trading Platform StockRepublic Secured SEK 15 Million from Placera Media
Placera Media is investing in Stockholm based Social Trading platform StockRepublic, Placera Media operates the financial news site Placera and the magazine Börsveckan. Avanza Bank Holdning AB owns Placera Media, but its content and editorial operations are independent from Avanza.
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Swedish Trade Financing Fintech Mitigram Raises $11M
Mitigram, the leading digital platform in global trade financing, today announces it has secured an additional $11m from its latest funding round, bringing the total amount raised to $38m. In 2014, Mitigram launched a digital exchange in global trade financing.
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Swedish KYC Firm Verified Acquires Regtech Startup Pliance
Verified, a provider of Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance solutions, announced the acquisition of Pliance, a regtech startup specialising in automated financial crime compliance. Pliance’s platform uses API-led advanced automation to streamline the compliance process, reducing
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