SaveLend Group, an online lender, is reporting that its current savings products are generating average accumulated net return before tax of 6.93% for Balanced and 7.51% for Yield. SaveLend launched these products in May 2023, seeking to improve the customer experience by offering more savings… Read More
Riksbank noted that Sweden needs to modernize its infrastructure and create processes for more secure, efficient as well as accessible retail payments. As noted in the update from Riksbank, these are payments of smaller amounts and a collective term for payments between “private individuals, companies… Read More
Swedish payments Fintech Klarna revealed recently that it had confidentially filed paperwork with the US Securities and Exchange Commission (SEC) for an initial public offering (IPO). The number of company shares to be offered as well as the price range for the proposed IPO have… Read More
A new European initiative has now been introduced in order to improve instant payments between different currencies. The European Central Bank (ECB) is now launching an initiative aimed at making it easier for companies to develop services for making instant payments between different currencies. Initially,… Read More
Scila AB, the Stockholm-based independent provider of trade surveillance, risk management and anti-money laundering (AML) technology has announced that Erste Group, a European financial institution, has implemented Scila Surveillance. Scila Surveillance is a trade surveillance cloud-powered solution meant for comprehensive monitoring of trading activities across… Read More
Savr, a Fintech based in Sweden, has secured additional financial investment from Incore Invest, a European investment firm focusing on growth-stage investments, further deepening their ongoing partnership. The strategic investment from Incore Invest “will drive Savr’s latest offering to now include equities, alongside mutual funds… Read More
Brite Payments, a provider of open banking-based instant payments, announced that SAVR, one of Sweden’s most innovative investment platforms, has integrated Brite Instant Payments, enabling customers to make larger direct money transfers into their accounts both quickly and securely. SAVR is a Swedish fund trading… Read More
Fairlo, a consumer credit Fintech, recently announced that it has received B Corp certification, joining a global movement of businesses dedicated to fostering “an inclusive, transparent, and sustainable economy.” Jimmy Hanna, CEO and founder of Fairlo, said: “The entire process has taken almost a year… Read More
Mats Eklund has been announced as the new Head of Information Technology and Digitalization Department at Riksbank. The Executive Board of the Riksbank has reportedly appointed Mats Eklund new Head of the Information Technology and Digitalization Department. Mats comes most recently from “a position as… Read More
Qred, a bank based in Sweden, states that it is raising the loan limit for small business owners. Customers can now apply for loans “up to 5 million SEK, an increase of 3 million SEK from the previous maximum amount.” The increase is part of… Read More
Meniga, a firm focused on Personal Finance Management solutions, recently announced a partnership with Swedish bank Handelsbanken in order to enrich its customer engagement in Norway with personalized financial insights. This partnership is said to “underscore Handelsbanken’s commitment to driving innovation and redefining the customer… Read More
Lower inflation and expectations of interest-rate cuts on global financial markets have helped loosen financial conditions, which has reduced near-term risks, according to an update from Sweden’s Riksbank. However, Riksbank points out that there “is considerable uncertainty, and if policy rates remain high for a… Read More
TransferGo, and Tink have announced a partnership to enable international transfers and payments call Pay by Bank. Owned by Visa, Tink is a payments and transfers Fintech that is connected to over 6000 banks. Founded in Sweden, the company also provides banking and lending solutions…. Read More
Brite Payments, an enabler of instant bank payments, announced that Luke Trayfoot has joined the company as Chief Commercial Officer (CCO), leading the Stockholm-headquartered fintech’s commercial efforts. The appointment of the former PayPal and Mangopay executive signifies “a new phase in Brite’s journey as it… Read More
Klarna, the AI-powered global payments network and shopping assistant, today announced in an industry-first, the launch of a new online initiative – Wikipink – aimed at setting new standards for transparency and responsibility in the credit and lending industry. Amid growing scrutiny over the practices… Read More
The digitalization of the Swedish payments market has contributed to faster, smoother and more efficient payments, according to a research report from Riksbank. But this development has also brought a number of challenges. Several groups in society “experience digital and financial exclusion, and there are… Read More
Swedbank has signed the Poseidon Principles, a global framework for integrating climate considerations into lending decisions within ship finance. By signing, Swedbank enhances its ability to “support and influence the continued decarbonization efforts of the shipping industry.” The Poseidon Principles provide “a standardised methodology for… Read More
The partnership between SaveLend Group and NordIX began in June 2022, focusing on consumer credits distributed within Sweden. Initially, NordIX invested about MSEK 50, and this amount “has more than doubled since the partnership began.” Now, the collaboration is set “to grow further, extending to… Read More
Saldo Bank, which is starting its operations in Sweden, offers an interest rate of as much as 5% for a year’s deposit. Jarkko Mäensivu, the CEO of Saldo Bank, said: “We want to increase fairness in fixed-term deposits.” The digital neobank with a Finnish background,… Read More
SeedBlink, a securities crowdfunding platform operating across Europe, says it has inked a partnership with Accumeo, a crowdfunding platform based in Sweden. Accumeo is registered with the Swedish Financial Supervisory Authority having obtained a license to conduct crowdfunding, operating under ECSPR,. Under the EU rules,… Read More
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