Nordic Fintech Highlights – September
Welcome to this month’s edition of Nordic Fintech Highlights!
Last week, we had the pleasure of attending the Nordic Fintech Week in Copenhagen, where AI took the center stage.
As we turn our attention to next month’s Nordic Banking Forum, we’re excited to delve into not only AI but also a variety of other compelling topics, exploring Nordic Banking through the lens of five distinct landscapes.
September in brief
As the days grow cooler, the market heats up! Despite experiencing a third consecutive month of subdued funding, the market buzzed with exciting developments in internationalization, new launches, partnerships, and M&A activities. You may also want to check out our podcast with Fintech Daydreaming, where we dive deep into a few specific monthly topics.
Launches
This month, the spotlight was on international expansion, with numerous companies embarking on global journeys. From pan-Nordic initiatives to ventures in Spain, Germany, and Thailand, Nordic Fintech is going global.
Partnerships
September was a month of tech-driven collaborations. Unsurprisingly, the industry introduced more AI applications. This time with an extra focus on RegTech, payment solutions, and even the more conventional banking infrastructure.
Banks
Nordea grabbed headlines with extended service disruptions caused by DDoS attacks. Meanwhile, challenger banks like Alisa, Multitude, and Kompasbank made significant strides with new partnerships and innovative strategies. Additionally, Avida made a notable move by acquiring Santander’s card business in Sweden.
Have a look at the news from September below and stay tuned for more!
You can find all the monthly Nordic Fintech updates from the past over here.
Country specific news
Finland
Draivi Introduces a New Partner API for our Partners in Spain
Enfuce announces European expansion of 2-in-1 debit and credit card
PRODUCT LAUNCH: Nomentia Sanction Screening – Automate compliance, protect your business
Qvik and Candour Identity start collaboration to enhance digital services’ safety and usability
Saldo Bank to launch its first credit cards with support from Enfuce
The Upright Project announces partnership with Accountor Group
allpay cards and Enfuce Join Forces to Accelerate Fintech Innovation with
Multitude Bank partners Salt Edge for instant loan repayments
Karri Alameri appointed as the CEO of Oma Savings Bank Plc
Tietoevry appoints Endre Rangnes as Managing Director of Tietoevry Banking
Alisa Bank’s renewed strategy and medium-term financial targets
Pollen Street Capital invests €200m in Finnish lender
wamo becomes Principal Member of Visa Europe
Nordea suffers from DDoS attacks
Samlink and Fintech Farm strengthens their collaboration
Denmark
Vipps MobilePay launched in Sweden
Ebury partners with kompasbank
Kompasbank Raises EUR 5.5 Million
Danish family finance app MyMonii shuts up shop
Sweden
Sweden’s Palm secures €5.5M seed to simplify cash forecasting and enhance treasury efficiency
Qliro completes a directed share issue of 2,148,228 shares, raising proceeds of SEK 50.0 million
Savr and Incore Invest partner up to revolutionize Nordic equities trading
Fingerprints, Infineon launch SECORA Pay Bio
Intergiro Launches No-Code White-Label Platform To Build Custom Mobile Banking Apps
Klarna to launch services on payment terminals in stores
Klarna’s AI Assistant Now Offers Chat-Based Shopping Experience
Qred extends its reach with 3.1 million German SMEs
Vilja expands into Thailand and forms strategic partnerships to drive innovation in digital banking.
Avida Finans acquires Santander’s Credit Card and Sales Financing Business
Avarda partners with Checkout.com to boost payment performance and further global expansion
Froda and Juni team up for embedded finance expansion
Klarna teams up with Xero for BNPL payments
Trustly partners with Fifth Third’s Newline to augment the money movement sector
Telenor Microfinance Bank upgrades tech stack with Ericsson
Klarna targets $1 trillion air travel sector with UATP
Northmill bank appoints new CEO Julie Chatterjee
Sweden’s central bank threatens banks with legislation to protect access to cash
Crunchfish gets cash injections
Hoist Finance successfully places SEK 1.25bn senior unsecured bonds in two tranches
Klarna Criticized by FSA Over Risk Assessment, DI Says
Loomis issues inaugural EUR 300 million Sustainability-Linked Bonds
Tessin secures SEK 600m credit facility from Pollen Street
Norway
ZTL launches in Sweden and Denmark
Norwegian BankID BankAxept Expands Internationally Through Acquisition of Danish eID broker Criipto
Fintech Startup November First Acquired by Visma to Strengthen Payment Solutions for SMEs
Lokalbank Alliansen selects Stacc for new mortgage wizard
Neonomics and Oblinor Partner to Grow Investment Platform With Open Banking
PwC chooses Strise to automate AML processes
Idex Biometrics and Vasmobile launch biometric school ID and payment card in Africa
Neonomics hires Panu Poutanen as head of growth
Storebrand Livsforsikring AS: Successful issuance of new green bonds
Iceland
Lucinity Partners with Sift for Unified Fraud and AML Case Management
Lucinity and Resistant AI Partner to Deliver Advanced AI-Powered FinCrime Prevention Solutions
Central Bank of Iceland expresses interest in T2 and TIPS
Landsbankinn hf.: Bond issuance in SEK and NOK
Lucinity secures financial crime sharing patent
Future events
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