Erik Zingmark, deputy head, transaction products, wholesale banking, Nordea talks about the threats and opportunities that the Payment Services Directive 2 present for banks. While PSD2 will mean that banks face new competition, it will also give them more freedom, although to take advantage of this they will need to replace swathes of legacy IT, says Zingmark.
Petri Syvanne, VP, head of global payment services & infrastructure, Nordea talks about how the definition of instant payments should be tied to the user experience.
With Sweden recently staking a claim as a fintech hotspot, Stockholm-headquartered Nordea has moved to grab a slice of the action by setting up an accelerator programme with Finnish innovation agency Nestholma to nurture small businesses developing digital banking services across the Nordics.
Johan Trocme, head of corporate research, Sweden, Nordea goes through the highlights from the bank's Treasury in 2017 Report.
Nets acquires Nordea Merchant Acquiring – the section of Nordea’s payment business dealing with acquiring of international payment cards in the Nordic and Baltic regions – for a price of EUR 230 million (DKK 1.7 bn) on an enterprise value basis.
Nordea has hired Michal Panowicz from Polish direct bank mBank, as deputy head of digital banking.
Nordea has asked some customers to refrain from making purchases while it tries to get to grips with a technical glitch that has disrupted its online banking systems for two days.
Swipp, a mobile payments service owned by a consortium of Danish banks, has acquired Paii, a rival outfit formed by a group of telcos.
Nordea Bank is to take a EUR344 million impairment charge on its current IT systems as it embarks on a major project to rip and replace its core banking and payments platforms.
Surecomp, the leading global provider of trade finance solutions for banks and corporations, announced today that Nordea, the largest financial services group in Northern Europe, has gone live in Frankfurt and London with the stand-alone version of allNETT, Surecomp's Web-based trade finance front-end solution.
© Finextra Research 2015