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Thought Machine deploys Vault core platform at SEB innovation hub
SEB, the Swedish financial group, has partnered with core banking firm Thought Machine in a project which will see the former deploy a new banking platform in its innovation studio, SEBx. Thought...
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Nordic banks reveal business plan for single payments platform P27
The six Nordic bank owners of instant payment system P27 have announced their business plan and agreed to invest in the company until it becomes financially sustainable. P27: “The world’s first...
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Cardlay raises €9m in Series B funding and signs deal with Eurocard
Danish fintech start-up Cardlay has received €9 million in Series B funding and signed a deal with Eurocard, Scandinavia’s largest corporate card issuer. Cardlay has raised $18.8m of funding since 2016...
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IMF to put Nordic banks’ AML controls under microscope
The International Monetary Fund (IMF) is planning to examine anti-money laundering (AML) measures by Nordic banks and regulators. Sweden’s central bank announced this week that the watchdog would be...
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SEB fined $107m by regulator for Baltic AML failures
Skandinaviska Enskilda Banken (SEB) has been fined $107 million by regulators for failing to identify money laundering risk in its Baltic operations. Sweden’s banks have been in hot water about their...
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SEB combines personal and business finance to launch Unquo
SEBx, the innovation arm of major Swedish bank SEB, has offered a first look at Unquo, a hybrid personal and business charge card. Currently in beta, SEBx’s first product is targeting freelancers and...
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2020 review: 10 largest regulatory fines this year
Watchdogs the world over haven’t slacked in 2020, despite the tumultuous nature of the year. Banks have been brought up on historical abuses and failures just like any year. The fines didn’t stop...
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SEB signs Google Cloud partnership extension
Nordic bank SEB has signed an extended partnership deal with Google Cloud for the launch of new cloud-based banking services. SEB is deploying Google Cloud across several verticals SEB’s innovation...
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Nordic bank SEB to automate billing ops globally with SunTec
SunTec Business Solutions, a pricing and billing tech specialist, has been chosen by SEB, one of the largest corporate banks in the Nordics, for an enterprise-wide automation of its billing operations....
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SEB lands first BaaS customer with Humla partnership
Nordic financial services group SEB has signed its first Banking-as-a-Service (BaaS) customer in retail fintech start-up Humla. SEBx is the Nordic banking group’s innovation platform The new fintech...
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