Norway


Instabank takes risk analytics to the cloud with Provenir

Instabank, a new digital bank in Norway, has implemented Provenir’s Risk Analytics and Decisioning solution. Delivered in the cloud, the system provides “a real-time, digital lending experience” for its Instabank’s customers, Provenir says.

Nordea has every idea for start-ups worldwide

Nordea’s Oslo office will welcome 35 start-ups as the bank prepares to assist the firms in fintech innovation. During the week, the best projects (around 20 teams) will be selected to take part in Nordea’s Accelerator programme, which kicks off in the autumn in Stockholm and Helsinki. In total, over 200 companies applied to the […]

SEB in Norway live with ERI’s Olympic core banking system

Private banking software vendor ERI has completed the implementation of its flagship core system, Olympic, at SEB in Norway. This is the vendor’s first site in the country. Olympic manages SEB’s onshore private banking business and associated transaction processing for Norway. The project commenced in 2013. SEB – already a long-standing Olympic user in Luxembourg, […]

Digital drives DNB to cut branches and staff numbers

DNB will close more than half its branch offices and lay off 600 employees as the rise of digital banking takes its toll on the physical world. The Norwegian bank says “almost all” of its customers have become digital and points to the success of its Vipps app – the number one downloaded app in […]

Norwegian mobile payment service Valyou closes down

The Norwegian Valyou mobile payment service started by DnB and Telenor will be closed at the end of this month as a result of slower than expected activation of NFC enabled POS terminals and a much lower than expected end user uptake.