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Nordic Fintech Highlights – September 2024

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. Be sure to catch our monthly Highlight Podcasts with Fintech Daydreaming, where we deep dive into some news stories of the month.

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

MyCard Solution in the UK

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

5 Finnish and 5 Swedish fintech companies selected to Mastercard Lighthouse FINITIV Class of Fall 2024

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

CTS EVENTIM adds Tink’s user-friendly Pay by Bank service to its checkout options – giving fans even more choice

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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