Leading Nordic banks DNB Bank, Danske Bank, Nordea Bank, Svenska Handelsbanken, and Skandinaviska Enskilda Banken have announced plans to set up a KYC utility as a joint venture company to explore the creation of a shared infrastructure for know-your-customer processing.
DNB is experimenting with a mobile app that scans user passports and faces to identify customers from across borders for ID verification and digital onboarding.
Marco Polo, a blockchain-based platform for open-account trade finance created by TradeIX and R3 in collaboration with leading global banks, is to move into a live pilot phase following a successful six month proof of concept.
A group of major Swedish, Danish, Norwegian and Finnish banks have banded together to explore the possibility of establishing a pan-Nordic payment infrastructure supplemented by common products.
Kyriba, the #1 global provider of cloud treasury and financial management solutions, today announced a strategic channel sales partnership with DNB, Norway's largest financial services group, that will enhance future banking and financial transaction needs for DNB’s more than 220,000 corporate clients.
A group of Norwegian banks are preparing to merge their payments systems in an effort to protect themselves from an expected challenge from Silicon Valley.
Danske Bank is to terminate its MobilePay app in Norway and throw its weight behind the rival Vipps service.
Nordic payments processor Nets is to enable instant P2P payments to customers of all Norwegian banks who use the Vipps mobile payments app.
Having cut half of its branch network in 2016 to focus on digital development, Norway's DNB is rolling out a range of incubation and startup initiatives to accelerate its vision of becoming "a technology company with a banking licence".
Corporate customers are becoming increasingly digital and the competitive situation is changing.
© Finextra Research 2018