SEB fined $107m by regulator for Baltic AML failures
The Swedish bank failed to identify risk among its subsidiaries.
The Swedish bank failed to identify risk among its subsidiaries.
The Swedish company has also appointed Taraneh Derayati as its chief executive officer.
Offerings range to terms of up to 48 months.
The acquirer wants to boost revenues by 25%.
As part of the deal Tink will cover all countries in EEA for PayPal.
The Nordic bank has 150,000 customers.
It’s set to launch for the bank’s users in Norway, Finland and Denmark “in the coming months”.
The Financial Supervisory Authority plans to digitise EBA, EIOPA, and ESMA reporting data.
The fresh capital will initiate an “aggressive growth” plan to achieve pan-European coverage.
The fintechs will have a combined user base of more than 80,000 customers.
Klarna’s former VP of Engineering says he can’t wait to build “a mortgage bank for all”.
Suppliers will benefit from “several hundred million euros” early.
The pilot is part of RBI’s ‘Elevator Lab Programme’.
Swedish krona to be settled by EU-wide payments scheme in a few years’ time.
Monzo’s former head of product Ole Mahrt will also join its board of directors.
Also this week, Wirecard teamed with Southeast Asian ride-sharing firm Grab.
Klarna is already embedded into Alibaba’s AliExpress.
The operational loss is down to its US expansion and its set up of a Berlin-based tech hub.
Sweden’s CBDC is using R3’s Corda Enterprise Blockchain platform.
Swedish lending firm to deploy Abacus360 system on an outsourced basis.
30 million payments have already been made on the new system.
“Open banking has a tendency […] to do stuff globally or do it pan-European,” says CEO.
“You have most likely been screwed,” says co-founder on people’s previous purchases.
CBA will own half of Klarna’s Australian and New Zealand business.
Central banks in Canada, the UK, Japan, Switzerland, and Sweden are teaming up.
The fintech is launching in wider Europe and plans for listing.
Nordic payments group snaps up new firms to boost terminal services.
Tink has bagged transaction data from 32 FIs across the regions.
The start-up uses AI to simplify bookkeeping for small businesses.
International regulator investigates banks’ alleged failings.
Georges Mansourati spent eleven years at Swedbank.
Competitor Subaio has recently signed deals with various other Nordic banks.
Firm plans further expansion following successful projects in Scandinavia.
The bank has racked up a €1.3 billion bill for one-off items.
French banking group puts Nordic wing up for sale.
Investment going towards the development of hardware wallet firmware.
Spyros Retzekas, COO at Qualco says agility is the key.
The banks predict P27 will start generating revenue in 2021.
SEB’s studio set to experiment with cloud-based core system
Mambu banking engine gets green light 10 months after launch.