Carbon footprint tracker for purchases Enfuce raises €10m
Enfuce is dubbed the biggest fintech start-up in Finland.
Finland
OP Financial chooses Nordic API Gateway for open banking
OP Financial is looking for partners focusing on CX, reliability and security.
Nordea writes off millions in IT impairment charges
The bank has racked up a €1.3 billion bill for one-off items.
How to thrive in an ever changing market, a conversation with the COO of Qualco
Spyros Retzekas, COO at Qualco says agility is the key.
Finnish invoicer Enterpay raises €1m and partners with German bank
The fintech partners with Volksbanken Raiffeisenbanken.
Nordic banks reveal business plan for single payments platform P27
The banks predict P27 will start generating revenue in 2021.
Danish fintechs partner to set new standards for accounting industry
Businesses can see transactions in seconds rather than days.
Telia and OP Financial test facial recognition payment
The pair installed Finnish firm Pivo’s technology in an ice cream truck.
Tieto buys Nordic banking tech rival Evry for €1.3bn
Combined, TietoEvry will have 24,000 employees and annual revenues of €3 billion ($3.4 billion).
Trustly and Collector Bank team for instant payments to Nordic merchants
The partnership seeks to take advantage of the popularity of online bank payments in the region.
Holvi expansion targets micro businesses in five new European markets
Finnish start-up serves “everyday entrepreneurs” with business current accounts.
Three Finnish banks to move to shared core and payments tech from Temenos
Temenos’ regional partner Cognizant will implement and manage the new platform.
Cognizant acquires Finnish IT firm Samlink
Will also build and operate a shared core banking platform for three companies.
Evry wins $75m Handelsbanken contract
Evry will provide Software-as-a-Service (SaaS) core banking and payment solutions.
Nordea and Finnish friends to digitalise share trading on blockchain
Joined by Asiakastieto, OP, Privanet and Tieto for a feisty fintech force.
Holvi takes Uber drivers to financial heights
Two have joined forces to help Uber’s drivers manage their finances.
Independence day for Danske’s MobilePay in Finland
MobilePay becomes independent as nation’s regulator grants it payments licence.
Nordea and Invesdor fuel financing for Finnish firms
Offering alternative financing solutions for growth companies.
Top fintech stories this week – 27 April 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Milestones reached in Nordea’s tech overhaul
Savings and deposits now done on the new core banking platform, Temenos’ T24.
Fintech funding round-up: 13 February 2018
From India via Israel to Finland – starring MoneyOnMobile, Tipalti and Zervant.
Nordic banks mull common payments infrastructure
Danske Bank, DNB, Handelsbanken, Nordea, OP Financial Group, SEB and Swedbank in talking mood.
Alipay crosses Finnish line for cashless payments
Group of Chinese travellers conclude first ever cashless journey to Finland.
Nordea’s open banking goes live in Finland
Nordea has connected APIs to its production system and made its open banking live in Finland.
MuniFin shows Acumen for Profile Software’s treasury platform
Helsinki-based credit institution Municipality Finance (Kuntarahoitus) has gone live on Profile Software’s Acumen treasury solution to manage and automate its operations. Acumen will be used to manage deal capture, pricing, middle office, reporting, collateral management, back office and risk management processes. Profile says Acumen can integrate with “numerous” systems and pricing platforms to import real […]
Evry in five-year, $18.7m card deal with Aktia Bank
Norway-based banking tech vendor Evry will provide Finland’s Aktia Bank with the “entire value chain for card payments”, including virtual debit and credit cards for the bank’s digital proposition, Aktia Wallet.
Aktia Bank finally live with Temenos T24 core banking system
Finland-based Aktia Bank has completed “the full-scale implementation” of its new core banking system, Temenos’ T24.
Nordea looks to Feelingstream AI for quick customer service
Nordea has chosen Estonian start-up Feelingstream’s artificial intelligence (AI) software to speed up response times for customers. Feelingstream’s AI solution analyses and categorises messages sent by customers so they can be forwarded automatically to the right person or unit in Nordea for further processing. The software can analyse hundreds of messages per second. The solution […]
Three Finnish banks launch real-time mobile payments platform, Siirto
OP Bank, Nordea and Danske Bank have launched a new real-time, multibank mobile payments platform in Finland. The platform was built by Tieto and Automatia (the latter operates the three banks’ shared ATM network).
Nordea to launch crowdfunding service in Finland
Nordea says it will be the “first” bank in Finland to offer its customers an equity-based crowdfunding service. It has developed an online crowdfunding platform that will match entrepreneurs seeking financing with investors; and will be linked to a book-entry system. The service will be launched in the next few months. The bank says the […]
Finland’s Holvi bank tackles online-only identity verification
Finnish online-only bank Holvi has partnered with GBGroup, an identity intelligence specialist, as part of a drive to ensure that all its customers are verified while reducing the time this process takes. Holvi does not operate any branches, and as such relies on other methods to confirm the identity of its customers.
Euroclear Finland begins major overhaul for T2S
Finland’s central securities depository Euroclear Finland has just completed the first stage of a major project to completely replace its securities processing infrastructure. The CSD says the move is part of its preparations for T2S, the European Central Bank project to harmonise Europe’s post trade infrastructure.
Aktia aims to save €5m a year with 2015 Temenos roll-out
Finland’s Aktia Bank has begun staff training on a new Temenos T24 core banking system that it plans to start implementing next year with an expected go-live date in 2015
Finland’s Alandsbanken adopts SunGard risk management tools
Nordic bank Alandsbanken has chosen risk management tools from SunGard, which it says will help the bank to comply with new financial regulations. SunGard’s Ambit Risk and Ambit Performance products will be used by the bank to manage interest rate and liquidity risk and help the bank keep track of its balance sheet.
Online bank Holvi plans European banking revolution
A new start-up bank from Finland plans to open across Europe, using an online-only service that it says will redefine what it means to have a bank account.
