Tagged: sweden

June 16, 2025 @ 9:55 am By Omar Faridi  |  

Sweden’s central bank, the Riksbank, has been navigating a challenging economic landscape in 2025, as outlined in recent updates. From a gloomy business survey to new monetary policy measures and reflections on communication strategies, the Riksbank’s actions reflect a cautious approach to stabilizing Sweden’s economy… Read More

June 6, 2025 @ 8:18 am By Omar Faridi  |  

Trustly, the global enabler of Pay by Bank, announced a partnership with The Swedish Postcode Lottery (Svenska Postkodlotteriet). This collaboration is set to enhance “the way people participate in one of Europe’s charity-based lotteries by providing seamless, secure, and fast payment processing solutions.” The Swedish… Read More

June 5, 2025 @ 8:31 am By Omar Faridi  |  

Thunes, the Smart Superhighway to move money around the world, today announced the further expansion of its Direct Global Network with the launch of direct Pay-to-Bank services in Denmark, Norway, and Sweden. This broadens Thunes’ reach into the Nordic region, “empowering Members of the Thunes… Read More

May 31, 2025 @ 3:11 pm By Omar Faridi  |  

Sweden’s central bank, Sveriges Riksbank, highlighted growing concerns over global financial stability driven by sharp shifts in U.S. trade and security policies. These abrupt changes have triggered significant market volatility and heightened uncertainty, posing risks to both Swedish and global financial systems. Coupled with this,… Read More

May 27, 2025 @ 4:45 pm By Omar Faridi  |  

Swedish firm H100 Group AB has reportedly raised SEK 21 million (approximately $2.2 million) in a funding round structured as a 0% interest convertible loan. The investment round was led by Adam Back, the CEO of Blockstream and a prominent figure in the Bitcoin community,… Read More

May 22, 2025 @ 8:09 am By Omar Faridi  |  

Nasdaq (Nasdaq: NDAQ) marks CoinShares expansion of its Swedish XBT Provider Platform and the launch of seven new physically-backed crypto Exchange Traded Products (ETPs). Helena Wedin, Head of ETF and ETP, Nasdaq European Markets said: “We are happy to welcome CoinShares as ETP provider through… Read More

April 3, 2025 @ 8:05 am By Omar Faridi  |  

Sweden’s central bank, the Riksbank, is embracing a transformative shift in economic forecasting, as recent findings from its Monetary Policy Department reveal that artificial intelligence (AI)-based models are outperforming traditional time series models in predicting Swedish GDP and inflation. This development marks a significant leap… Read More

March 23, 2025 @ 11:33 pm By Omar Faridi  |  

Trustly, the global Pay by Bank solutions provider, announced that it will now support RIX INST, the instant settlement system of Sveriges Riksbank, the Swedish Central Bank, solidifying Trustly’s position in instant payouts. Representing a key milestone for the company in its home market, Trustly… Read More

March 9, 2025 @ 11:27 pm By Omar Faridi  |  

On March 3, 2025, Sweden’s central bank, Sveriges Riksbank, released its latest Business Survey titled “No Strong Wind in Our Sails,” revealing a somewhat disappointing state of the Swedish economy. But this is largely consistent across Europe and even across the globe due to growing… Read More

February 11, 2025 @ 8:02 am By Omar Faridi  |  

Kivra and Trustly have reportedly developed a new generation of Autogiro, making automatic payments easier. The service allows users to register direct debit with a simple BankID confirmation, “lowering the barriers to sign-up.” For businesses, the solution can drive more on-time payments, “reduce administrative workload,… Read More

February 9, 2025 @ 9:00 am By Omar Faridi  |  

This past Friday, the markets experienced a decline of roughly 1%, as measured by the S&P 500. Despite the volatility, Swedish buy now, pay later (BNPL) Fintech Klarna is reportedly preparing for its initial public offering (IPO) on the U.S. markets. According to a report… Read More

December 6, 2024 @ 10:53 am By JD Alois  |  

SaveLend Group, an online lender, is reporting that its current savings products are generating average accumulated net return before tax of 6.93% for Balanced and 7.51% for Yield. SaveLend launched these products in May 2023, seeking to improve the customer experience by offering more savings… Read More

November 21, 2024 @ 7:15 am By Omar Faridi  |  

Riksbank noted that Sweden needs to modernize its infrastructure and create processes for more secure, efficient as well as accessible retail payments. As noted in the update from Riksbank, these are payments of smaller amounts and a collective term for payments between “private individuals, companies… Read More

November 13, 2024 @ 9:56 am By Omar Faridi  |  

Swedish payments Fintech Klarna revealed recently that it had confidentially filed paperwork with the US Securities and Exchange Commission (SEC) for an initial public offering (IPO). The number of company shares to be offered as well as the price range for the proposed IPO have… Read More

October 23, 2024 @ 7:25 am By Omar Faridi  |  

A new European initiative has now been introduced in order to improve instant payments between different currencies. The European Central Bank (ECB) is now launching an initiative aimed at making it easier for companies to develop services for making instant payments between different currencies. Initially,… Read More

September 30, 2024 @ 8:40 am By Omar Faridi  |  

Scila AB, the Stockholm-based independent provider of trade surveillance, risk management and anti-money laundering (AML) technology has announced that Erste Group, a European financial institution, has implemented Scila Surveillance. Scila Surveillance is a trade surveillance cloud-powered solution meant for comprehensive monitoring of trading activities across… Read More

September 17, 2024 @ 6:28 am By Omar Faridi  |  

Savr, a Fintech based in Sweden, has secured additional financial investment from Incore Invest, a European investment firm focusing on growth-stage investments, further deepening their ongoing partnership. The strategic investment from Incore Invest “will drive Savr’s latest offering to now include equities, alongside mutual funds… Read More

August 31, 2024 @ 6:12 pm By Omar Faridi  |  

Brite Payments, a provider of open banking-based instant payments, announced that SAVR, one of Sweden’s most innovative investment platforms, has integrated Brite Instant Payments, enabling customers to make larger direct money transfers into their accounts both quickly and securely. SAVR is a Swedish fund trading… Read More

July 9, 2024 @ 2:14 pm By Omar Faridi  |  

Fairlo, a consumer credit Fintech, recently announced that it has received B Corp certification, joining a global movement of businesses dedicated to fostering “an inclusive, transparent, and sustainable economy.” Jimmy Hanna, CEO and founder of Fairlo, said: “The entire process has taken almost a year… Read More

July 1, 2024 @ 9:08 am By Omar Faridi  |  

Mats Eklund has been announced as the new Head of Information Technology and Digitalization Department at Riksbank. The Executive Board of the Riksbank has reportedly appointed Mats Eklund new Head of the Information Technology and Digitalization Department. Mats comes most recently from “a position as… Read More