Latest Scandinavian Financing News

Indonesia and Malaysia among the world’s worst debt collectors

In a recently published report by analyst firm Euler Hermes, Indonesia and Malaysia ranks as some of the worst countries in the world to collect debt, based on the complexity of debt collecting. The analysis looks at several parameters such as local court proceedings and local payment practices for fifty countries, gave them a score…

Blockchain – Crypto: faster adoption than mobiles, or 1931 all over again!

There are many trends within financial technology of interest during 2018. But what we saw during the last quarter 2017, and regardless of where in the world it was, that the absolutely largest trend was Blockchain. This will continue during the whole year – with the three following components. Crypto currencies The man on the…

Bankify of Finland lands seed investment from Reech

Reech Corporations Group has agreed a major seed investment in Finland-based social finance sharing app Bankify to fund an initial commercial rollout in selected markets (announced on 30 October). The app, which has been successfully soft-launched in Finland, will initially target customers in Finland, Ireland and the Netherlands. The aim is to be able to…

Danish start-up Ernit, Nordic participation at Singapore FinTech Festival 2017

Singapore FinTech Festival returned for its second year during 13-17 November 2017, with strong Nordic participation, including Danish and Swedish fintech delegations. Singapore is a financial hub and ranks as fourth on the Global Financial Centre Index 2017. Singapore’s Monetary Authority of Singapore (MAS) organised this massive festival as a way for the City State…

Denmark and Singapore strengthen promising fintech collaboration

Denmark attended Singapore FinTech Festival with a big delegation as a continuation of intentions to establish fintech (financial technology) collaborations and expand business opportunities further, following two MoUs signed between Denmark and Singapore earlier in the year. And Copenhagen FinTech’s CEO returned back home mighty impressed. Back in May Copenhagen FinTech and Singapore Fintech Hub…

Geely to become Saxo Bank’s majority owner

Shareholders of Saxo Bank Group (Saxo), a leading multi-asset trading and financial-technology firm with presence in key financial centres such as Hong Hong, Shanghai and Singapore, have received an offer from Sampo Group, a leading Nordic financial services group, to take up a stake of 19.9 per cent of the bank. The other significant owner…

Swedish delegation, Nordic participation in Singapore FinTech Festival 2017

As the annual Singapore FinTech Festival (organised by Monetary Authority of Singapore) returns on 13-17 November 2017 it comes with strong elements of Nordic participation, including a Swedish business delegation. By arranging the festival Singapore is out to benefit from Fintech (financial technology) – and learn from its peers. The festival features workshops, a 3-day…

Out to expand with Nordea: Fredrik Lager!

As Nordea Private Banking is setting in motion its Asian expansion, Mr Fredrik Lager was recruited in April as the new General Manager. Well-known to the Nordic community in Southeast Asia, Mr Lager is upbeat as he talks to ScandAsia about his new career challenge. No doubt, Fredrik and his team will be busy going…

Singapore seminar with Handelsbanken Chief Strategist Claes Måhlén

Out of the rabbit hole or through the looking glass? In order to counteract the great recession and the deepest financial crisis in generations, central bankers have dug deep into the toolbox of unconventional policy tools, crossing previous boundaries of monetary policy. As the world economy gathers pace, central banks will try to change course…