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Payments

Klarna and Nets Collaborate for Payment Options in Nordic E-commerce

  • Consumers gain access to flexible payment, including Buy Now, Pay Later, and instalments.
  • In the US, the Klarna Card simplifies shopping and payments through its integrated app.
Wednesday, 15/05/2024 | 15:21 GMT by Tareq Sikder
Payments

The Rise of Digital Cash: Should Eurozone Outsiders Reconsider?

  • Is the currency block worth it?
Tuesday, 02/04/2024 | 16:00 GMT by Pedro Ferreira
FinTech

Finnish Neobank Saldo Launches Operations in Sweden

  • The bank targets the market with up to 5% interest rates on one-year fixed-term accounts.
  • Fixed-term deposits up to SEK 900,000 are insured under deposit insurance.
Monday, 26/02/2024 | 10:23 GMT by Tareq Sikder
CryptoCurrency

Swedish Financial Regulator Signals Surge in Bitcoin Fraud during Q3

  • The FSA has flagged 1,216 fraudulent firms targeting Bitcoin investors.
  • The regulator reported a surge in fraudulent loan offers through dubious websites.
Friday, 20/10/2023 | 13:40 GMT by Jared Kirui
Retail FX

How Cyprus, Germany, and Sweden Command 75% of EU's Cross-Border Retail Trading

  • Cyprus is home to the highest number of investment companies in the EU.
  • It also leads the pack when it comes to the number of clients by home member state.
Friday, 21/07/2023 | 07:33 GMT by Damian Chmiel
CryptoCurrency

Int'l Experiment Proposes Cross-Border Retail CBDC Run as Two Domestic Payments

  • BIS' model requires FX providers to submit quotes to settle transactions.
  • The cross-border retail CBDC system is to be run on bridge currencies.
Monday, 06/03/2023 | 15:07 GMT by Solomon Oladipupo
FinTech

Klarna’s Revenue Increases 21% to $1.85 Billion in 2022

  • The fintech company's GMV shot up 22% to $80.35 billion.
  • Klarna's global consumers reached 150 million in 2022.
Tuesday, 28/02/2023 | 15:42 GMT by Solomon Oladipupo
CryptoCurrency

Binance's New Swedish Registration Marks 7th Regulatory License in EU

  • The crypto exchange is now licensed in 15 jurisdictions across the world.
  • Binance started racking up licenses after opposition from regulators.
Wednesday, 11/01/2023 | 17:19 GMT by Solomon Oladipupo
FinTech

Klarna Raises $800m as Investors’ 'Opposite' Votes Sink Valuation by 85%

  • The new financing is to expand the firm's position in the US.
  • Partner at Sequoia believes that investors will come around eventually.
Monday, 11/07/2022 | 21:53 GMT by Solomon Oladipupo
News

Sweden Considers a Shift Towards e-Krona

  • Less than 10 percent of Swedish transactions are made in cash.
Monday, 14/12/2020 | 07:12 GMT by Arnab Shome
News

Open Banking Startup 'Tink' Pockets $103M in Latest Fundraising Round

  • The funding has put Tink's post-money valuation at around $825 million.
Monday, 14/12/2020 | 07:00 GMT by Rachel McIntosh
Executive Moves

Michael Moritz Is Secured as Klarna’s Next Chairman

  • Moritz will lead the company forth as it continues its push in the US by possibly becoming a US bank ahead of a stock market listing.
Tuesday, 01/12/2020 | 15:33 GMT by Tom Hazan
Payments

Qred Gains Swedish Payments Services License

  • The fintech startup is operating in six countries now.
Thursday, 26/11/2020 | 11:01 GMT by Arnab Shome
News

Swedish Financial Supervisory Authority Warns on 'Fortuna Private Investments'

  • The Swedish watchdog says that the firm isn't authorized to offer financial services.
Wednesday, 19/08/2020 | 10:30 GMT by Rachel McIntosh
News

HIVE to Expand Its Ethereum Mining Capacity by 20%

  • The company will spend $200,000 for every additional MW in capacity.
Thursday, 12/03/2020 | 09:13 GMT by Arnab Shome
News

Ant Financial Buys Minority Stake in Swedish FinTech Klarna

  • The involved amount was not officially disclosed by either firm.
Wednesday, 04/03/2020 | 10:40 GMT by Arnab Shome
News

Swedish Central Bank to Test Launch e-Krona on R3’s Corda

  • Increasing demand for the digitized currency has forced the regulator to explore a CBDC.
Friday, 21/02/2020 | 08:36 GMT by Arnab Shome
Executive Moves

Scandinavian Capital Markets Names New Chief Market Strategist

  • Dan Blystone has been appointed to the role.
Thursday, 13/02/2020 | 12:32 GMT by Celeste Skinner
News

Swede Arrested in Thailand Over Crypto Fraud

  • Roger Karlsson is thought to have a run an investment scheme that raked in $11 million in stolen funds
Friday, 21/06/2019 | 14:34 GMT by David Kimberley
Exchanges

Nasdaq to Acquire Swedish Fintech Provider Cinnober

  • Nasdaq made an all cash public offer to the shareholders and warrant holders of the firm worth $190 million.
Friday, 14/09/2018 | 08:13 GMT by Celeste Skinner
Analysis

Analysis: Scandinavia Sees Growth in Deposit Size in April

  • Chinese traders active again while customers in Sweden deposit the most
Thursday, 24/05/2018 | 10:21 GMT by Sylwester Majewski
News

Baymarkets Separates into Two Independent Firms

  • The firm did not reveal the reason for such an important move.
Tuesday, 10/04/2018 | 10:03 GMT by Arnab Shome
News

Sweden Sees Surge of Cybercrime with Crypto-Jacking Cases up 10,000%

  • Criminals are switching to hijacking victims' computers to mine cryptocurrency
Thursday, 22/03/2018 | 11:17 GMT by Arnab Shome
Innovation

SEB Joins Nasdaq to Leverage Chain’s Technology for Swedish Mutual Funds

  • “By leveraging blockchain technology there is strong potential for improvement via digitalization."
Wednesday, 27/09/2017 | 08:16 GMT by Avi Mizrahi
Innovation

Sweden Tests Property Transactions on a Blockchain with ChromaWay

  • The Swedish agency reports an increased interest in blockchain technology for land registry from countries around the world.
Thursday, 30/03/2017 | 09:15 GMT by Avi Mizrahi
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