There has been a consistent focus on digital transformation within the Nordic traditional financial services industry. This paper, produced by Finextra in association with Equinix, explores how interconnection and collaboration can help banks successfully navigate digital transformation and secure competitive advantage within the Nordics, and indeed any banking ecosystem.
In 2018, through an online survey of over 100 expert financial services professionals, and a series of one-to-one interviews with senior bankers, our previous paper laid out key issues and opportunities faced by banks over the next five years.
This paper builds on this survey to examine why the Nordic region is unique and how the area has embraced digital innovation, while also maintaining traditional banking ideals. It will also point to where challenger banks stand in the Nordics, how this relationship will play out and how the data conundrum is being dealt with amid the wave of digital payments.
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