Tagged: norway

Norway’s Largest Bank DNB Introduces New Version of Mobile Banking App, Powered By Nordic API Gateway

DNB, Norway’s largest financial institution, is introducing a new version of its mobile banking app.  DNB’s app will reportedly be powered by open banking platform Nordic API Gateway. The mobile-based app will allow the bank’s customers and other users to access all their personal and… Read More

Bitcoin Norway Shuts Down Due to Theft via SIM Swap Hack and “Sophisticated Spear-phishing Techniques”

Bitcoin Norway has shut down all operations according to its website and posts on Facebook. Bitcoin Norway is a cryptocurrency exchange that claims to have served over 25,000 Norwegians since 2013. Last week, via Twitter, the exchange said they are dealing with extraordinary problems: Hei… Read More

Wirecard Teams Up With NK Department Stores to Accept Chinese Mobile Payment Methods

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Thursday it has teamed up with NK department stores to accept Chinese mobile payment methods. According to Wirecard, NK welcomes over 9 million visitors annually to its luxury stores in Stockholm and Gothenburg. The… Read More

Fenixera Shifts Gears to Launch Crypto-Accounting Platform

Fintech innovator Fenixera has launched its reporting and tracking platform. Fenixera, a global debt recovery platform tool designed to protect people from having to write-off international debt, is based in Norway. The platform account software aims to enable users to check people’s credit and payment history… Read More

Norwegian Fingerprint Payment Startup Zwipe Secures $14 Million in New Shares on Merkus Market Oslo Børs

Zwipe, a Norway-based fingerprint payment startup, announced on Monday it secured NOK 120 million (USD 14 million) in the offering of new shares ahead of a planned admission to trading on Merkur Market, Oslo Børs. Founded in 2009, Zwipe describes itself as a biometric tech startup that… Read More

Norwegian Police Seeking Public’s Help in Kidnapping Case; Monero Ransom Demanded

Police and Norwegian media are reporting that the wife of one of Norway’s richest people went missing from her home October 31st, and hasn’t been seen since. According to Norwegian police, “the main hypothesis” is that 68-year-old Anne-Elisabeth Hagen was abducted. Police say they found… Read More

Crypto Mining Company Angry About End of Subsidies in Norway. But Does the Sector Have a Future?

HIVE (TSX.V:HIVE) (OTC:HVBTF), a cryptocurrency mining outfit with locations in Canada, Switzerland, Norway, Iceland, and Sweden, has rebuked the Norwegian government for requiring crypto mines there to pay standard electricity rates. Elsewhere, Hive recently received approval for a 50% Increase in ASIC capacity to mine… Read More

Billion Dollar Crypto Miner Walks Following Electricity Rate Hike in Norway

NTC Services, a consulting firm that assists “data centre” companies looking to establish themselves in Norway, says it has lost a billion dollar client thanks to a recent budget decision by the Norwegian government authorizing an electricity rate hike to local cryptocurrency mining farms, e24… Read More

Norway Cancels Electricity Subsidies to “Dirty” Crypto Mining Sector

Until now, “data centres” mining cryptocurrencies in Norway have qualified for the same reduced electricity rates enjoyed by other power-intensive industries- 0.48 øre per kilowatt, rather than 16.58 øre- but that is about to change, Aftenposten reports. The sector has reportedly raised the ire of the local Directorate… Read More

UiA: Norwegian University Launches Master’s Elective Crowdfunding Lab Course

Innovation Norway and the School of Business and Law at the University of Adger (UiA) have partnered to offer a master’s course in crowdfunding. In addition to lectures and teaching, participating students will be working with real campaigns from real companies. Reportedly, more than 20 companies and… Read More

Norwegian Crypto Mine that Sustained Bomb Threat Now Imperilled by Noise Complaints

A Norwegian crypto mine that endured a bomb threat earlier this month is now being imperiled by a raft of noise complaints, The Local Norway reports. Noise from fans used to cool Kryptovault’s extensive cryptocurrency mining facility in Hønefoss, north of Oslo, is reportedly seriously… Read More

Young Norwegians Who Bragged to Media about Crypto Wealth Forgot to Report it on Their Taxes

Two young braggarts who took to the Norwegian media to boast about millions in crypto profits last year are backpedalling now after media showed they disclosed minimal gains on their 2017 tax returns, Dagens Naeringsliv reports. Crypto-mining partners Philip Eriksen and Roy Arne Olsen, both… Read More

Local Disgruntled Over Noise Threatens to Bomb Norwegian Crypto Mining Facility

The operators of two crypto-mining facilities in rural Norway received a rather stern noise complaint last week in the form of a bomb threat, Vaksdalposten reports. According to a loose translation, Norwegian firm Krytpovault say the threatening note came in after the company’s operations in… Read More

Nordea to Acquire Gjensidige’s Banking Arm; Announces Partnership With Insurance Group

Nordea announced on Monday it has into an agreement with Gjensidige Forsikring ASA to acquire all shares in Gjensidige Bank ASA. The company reported that it purchased the bank for an estimated cash consideration of NOK 5,500 million (€578 million), that will be adjusted for the… Read More

Clearhaus Launches Apple Pay in Norwegian Webshops

Danish fintech Clearhaus announced on Thursday it has launched Apple Pay in its Norwegian Webshop. This news comes just a few months after the company revealed its support for the payment method. As previously reported, the company explained that Apple products have always been popular in the Nordics,… Read More

Blockbonds and I&M Bank Rwanda Announce “Cost Free” Banking App SPENN

Norwegian Fintech Blockbonds has partnered with I&M Bank Rwanda on SPENN – a mobile banking app for both individuals and businesses. SPENN is said to be 100% “cost free” – including money transfers, cost free payments in stores and cost free cash out and deposit… Read More

China: WeiyangX Fintech Review

Online Marketplace Lenders Banned from Lending to College Students in China On September 6th, Zhao Jianjun, deputy director of the Department of Finance at Ministry of Education, announced at a press conference that online marketplace lenders are banned from lending to college students in China…. Read More

Bridge to Asia: LATTICE80 Partners with Nordic Finance Innovation

      LATTICE80 and Nordic Finance Innovation (NFI) have announced a new partnership to “bridge Asia and the Nordic’s Fintech ecosystems.” LATTICE80 is the creation of Marvelstone Group, a private investment firm.  The two entities signed a Memorandum of Understanding (MOU) to seal the… Read More

Signicat Launches MobileID to Satisfy PSD2 Requirements

ID assurance provider Signicat, one of the largest identity assurance providers in the world, has launched MobileID, a mobile authentication product. In addition to offering financial service providers speedy onboarding and identity assurance using a number of digital identity plans, Signicat now also offers Strong Customer… Read More

Fintech Startup Tribe Receives Investment From BearingPoint

Norway-based fintech startup Tribe has reportedly received an investment from independent management and technology consultant, BearingPoint. According to Tribe, the new investment will bring it and BearingPoint together and the duo will enter into a long-term partnership to expand each of their service portfolios. Tribe describes itself… Read More

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