A dozen member banks of the R3 distributed ledger consortium have been trialling Ripple's network and native currency to tackle the costs and inefficiencies of interbank cross-border payments.
Nordea is abandoning Swipp, the Danish mobile payments JV it runs with local banks, and hitching its wagon to rival Danske Bank's MobilePay service.
Erik Zingmark, Co-Head of Transaction Banking, and Patrik Havander, Head of Strategy & Communication, Transaction Banking, Nordea, outline the role of digitalisation in banking, how open banking can help financial institutions to stay relevant, and how collaboration with fintechs should be carried out.
Kreditech, a Germany-based lender focused on the unbanked, has brought in Michal Panowicz, a digital banking veteran with spells at Nordea and Poland's mBank under his belt, as chief product and information officer.
SWIFT today announced that Swedish financial services group, Nordea Bank AB, has become the first subscriber to its new Payments Data Quality service, an advanced reporting and data analytics solution that helps financial institutions comply with new requirements stemming from the Financial Action Task Force’s (FATF) Recommendation 16.
Today the Banking Industry Architecture Network (BIAN) is introducing five new members to its network of leading banks, technology providers, consultants and academics.
Over 200 startups from across the world applied to Nordea’s Accelerator programme. 19 startups have now been offered to start working at Nordea’s premises in Stockholm and Helsinki from 12 September to develop their fintech ideas together with Nordea.
Nordea is on the hunt for startups developing new applications in artificial intelligence and blockchain-based products for its next fintech accelerator programme which kicks off in the autumn in Stockholm and Helsinki.
Nordea has established a new Group Digital Unit to oversee its wide-ranging tech transformation programme.
Karen Tobiasen has been appointed Chief Human Resources Officer and a member of Group Executive Management (GEM) as of 1 July 2016. To facilitate an even sharper customer focus it has also been decided to adjust the organisation and divide Retail Banking into two business areas, Personal Banking and Commercial & Business Banking.
© Finextra Research 2016