Nordic banks reveal business plan for single payments platform P27
The banks predict P27 will start generating revenue in 2021.
Denmark
Thought Machine deploys Vault core platform at SEB innovation hub
SEB’s studio set to experiment with cloud-based core system
Danish fintechs partner to set new standards for accounting industry
Businesses can see transactions in seconds rather than days.
Nordic API Gateway first Danish fintech to land PISP licence
The fintech will offer A2A payments to its online retailers.
Danske reported to police over investment mis-selling
The Danish regulator says Danske broke investor protection rules.
Nordic challenger bank Lunar Way raises €26 million
With its fresh new licence, Lunar Way is now the newest bank of the Nordics.
Calypso and 2021.AI team up to leverage AI in finance
The partnership will optimise Calypso’s back-office processes.
Swedish fintech Northmill launches new saving service
Customers can lower their interest rates in a matter of minutes
Verrency and Coinify announces new virtual currency partnership
Libra brought virtual currencies into mainstream.
Mastercard acquires Nets’ real-time payment business
Nets’ Corporate Services business offers a gateway into several European markets
Piggy bank start-up ERNIT sells up
One source says the company is trying to see what the market appetite is for a solution like theirs.
Mastercard and P27 to launch Nordic real-time payments system
The partners aim to build a world-first system across the region.
Top fintech stories this week – 7 June 2019
The FCA introduces new rules for P2P platforms, while Tink secures investment from PayPal, and more!
SimCorp acquires AIM Software for €60m for data management boost
The Danish investech will include AIM’s solution to its portfolio.
Accounting automation tool raises $7.35m
Catering all expenses and bookkeeping needs, in “virtually all industries”.
Cryptomathic acquires Aconite Tech for EMV infrastructure prowess
The two firms say they have complementary and similar products.
PASPX in tech overhaul with Temenos
PASPX was founded in 2008 and holds an e-money licence.
Lunar Way and Tink to the moon and back for payments
Making the most of Lunar Way’s new AISP and PISP licences.
Danish and Estonian regulators under EBA investigation over Danske incident
The bank has also closed its Baltic and Russian operations.
Paytech firms Nets and Concardis finalise merger
Both payments companies to retain their brands.
Lunar Way launches budgeting tool for consumers
The Danish non-bank gets ahead of most banks.
Denmark’s regulators investigated over Danske Bank €200bn AML breach
European Banking Authority is taking money laundering more and more seriously.
Featurespace foils fraud for Danske Bank
The bank keeps looking to fintech companies for its expansion plans.
Denmark’s central bank turns to SIA for new RTGS system
Later this year the country will be connected to Target2-Securities.
Danish start-up Jamii Pay in delicious launch
Brainchild of ex-PWC consultant Charlotte Rønje.
SimCorp secures tech deal at Nordea Life & Pensions
Signs a five-year licence agreement.
Jyske Bank live account aggregation purrs with Spiir
Built on top of technology provided by Danish fintech firm Spiir.
Paytech heavyweights Nets and Concardis to merge
Paytech firms Nets and Concardis will merge but retain their own brands.
Danske Bank Spiir-ed into first fintech investment
Hot for Spiir’s budget app.
Saxo Bank to move full tech stack to Microsoft cloud
Saxo Bank and Microsoft announce a “strategic partnership”.
Nets, Fingopay and Copenhagen Business School pilot finger vein payments
Pay with the touch of a finger.
Danske Bank selects start-up Minna for PFM partnership
PFM solution will be integrated into mobile banking app.
FICO revamps risk management tech at Basisbank
Denmark-based online lender Basisbank implements FICO’s Blade Advisor rules management system.
Jyske Bank turns to Munnypot for robo-advisory tools
Munnypot breaks out of the UK with its robo-advisory proposition.
Nordic banks mull common payments infrastructure
Danske Bank, DNB, Handelsbanken, Nordea, OP Financial Group, SEB and Swedbank in talking mood.
TIA Technology acquires Danish insurtech start-up goBundl
TIA’s core insurance platform will be combined with goBundl’s self-service digital frontend.
Google eyes more data centre space in Denmark
Google is eyeing an expansion in Europe, buying land in Denmark where it plans to build a new data centre that could be used to expand the company’s cloud computing footprint, as well as meet new European Union standards related to data privacy, reports Enterprise Cloud News (Banking Technology’s sister publication). Reuters reported that Google’s […]
Mobile banking service Lunar Way fearless for feeless travel
Denmark-based mobile banking service Lunar Way has launched its travel card – and the chance to experience the world without fees. Its newest feature, called the Lunar Way Travel Card, is its attempt to stand out in a world of roaming charges. Lunar Way says: “One area where the consumer has always been stung is […]
Nordea and Danske Bank being investigated for money laundering
Nordea is now keeping people informed about an ongoing investigation by the Danish Prosecution Service into its alleged anti-money laundering (AML) violations. By way of recap, it follows criticism by the Danish Financial Supervisory Authority (DFSA) in June 2016 regarding AML transgressions by Nordea Bank Danmark. According to Danish newspaper Berlingske, the money laundering involves […]
Saxo Bank releases new developer portal for open banking
Denmark’s Saxo Bank has released its new developer portal as it looks to strengthen its involvement in open banking. The portal provides technical documentation, reference guides, sample code and interactive tools. With the release, Saxo has made its trading infrastructure available to third-party developers, fintechs, vendors and partners, enabling them to connect to its trading […]
