Nordic Fintech Snippets – November 2020
We are currently balancing between the optimism in vaccine development and the pessimism of increased infections. Yet, the crisis has accelerated certain developments, and we have seen new launches both from traditional banks as well as from fintech companies. If anything, the number of news Nordics produce each month seems to grow, with businesses learning to operate in this new environment.
While Nordics have for long been forerunners in digital banking, innovation is taking place around the globe and we have to work hard to keep our banking services among the best. The recent launch of the new Google Pay gave everyone a message that BigTech in banking will be reality in the West as well.
Despite the challenges of 2020, in the Nordics we surely have some spirit left in us, and we clearly are best, when working together. Our highlights section this month gives some insight into what collaboration and doing together can be: from Mastercard Lighthouse and the impressive solutions witnessed there, to World Fintech Festival’s Nordic side-events, we have a lot to offer. We encourage everyone to stay safe and stay connected virtually – by attending the coming Nordic events.
This is Nordic Fintech Snippets, the combined effort of all the Nordic Fintech Hubs, sharing the most important and latest news in fintech and digital finance from each country.
Nordic highlights
Gimi – Financial Superskills for Life (Sweden) won the Mastercard Lighthouse overall program, while ReceiptHero won the Finnish Class and kevin. (Lithuania) won the Baltic class.
Nexi, the Milan-based payments processor is now set to buy rival Copenhagen-based Nets in a €7.8 billion deal. According to Bloomberg, the deal will create Europe’s largest payments firm by volume, number of customers and pre-tax earnings.
This year, on December 7-11th, Singapore Fintech Festival goes truly global with the World FinTech Festival – with over 40 Global Satellite Events in key FinTech hubs around the world. Finland, Sweden, Norway, Iceland and Denmark are hosting their local event next week. See more are at bottom of this email.
Country specific news
Finland
StockRepublic and Enfuce to provide Open Banking investment application
ZenTreasury announces the launch of LeaseAccounting.app
OP Financial Group to pilot biometric payment cards in partnership with TietoEVRY
Nordea launches new automated FX hedging solution
Denmark
Danske Bank builds a multi-banking setup for businesses
Nexi’s acquisition of Nets creates Europe’s largest payments firm by volume
Danish digital bank Lunar picks FIS for treasury and risk
Nordic API Gateway ships ‘fast-track’ Open Banking platform
Iceland
Iceland goes live with new RTGS and instant payments platform
Lucinity was awarded as the best newcomer at the Nordic Startup Awards
The Future of Securities Settlement is Here – Monerium partners with Cashlink
Sweden
Tink appoints SimCorp CEO Klaus Holse as chairman
Nordic Capital acquires RegTech from BearingPoint
Qred Gains Swedish Payments Services License
Northmill Bank partners with Tink
Norway
Competitors come together to support innovative startups in the midst of the corona crisis
Future events
Nordic Fintech Hubs teamed up with Singapore Fintech Festival on December 7-11th to host local World Fintech Festival side-events in each country. With the Singapore Fintech Festival pass, you can join all the global as well. Finland’s and Sweden’s side-events can also be registered to separately for free!
8.12. World Fintech Festival in Norway
9.12. World Fintech Festival in Finland
9.12. World Fintech Festival in Copenhagen
10.12. World Fintech Festival in Sweden
10.12. World FinTech Festival in Iceland
15.12. Fintech Tuesday – Financial Inclusion
18.12. Virtual Birthday: The Copenhagen Fintech Lab turns four!
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