Latest Scandinavian Financing News

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…

Swe start-up Covr’s banking security draws Bangkok Bank’s interest

When Bangkok Bank in connection to the ‘Startup Thailand 2017’ event announced Thailand’s first ever, international fintech accelerator programme one of the selected eight start-ups was Swedish. Covr Security, or Covr in short, had been selected to join the newly launched Bangkok Bank InnoHub, where the Thai bank had partnered up with Nest, an experienced…

Swedish fintech start-up completed Bangkok Bank’s InnoHub accelerator

During ‘Demo Day’ for Bangkok Bank’s InnoHub fintech accelerator, Covr Security from Sweden, one of only eight selected start-ups for the programme, attended to present their plans to Thai and international investors, particularly those in Asean. These potential investors include Bangkok Bank and its subsidiary Bualuang Ventures, a venture capital firm focusing on small and…

Danish start-up finalist in Singapore’s Global FinTech competition

The Monetary Authority of Singapore (MAS) on 15 September announced a Danish start-up, ERNIT, among the finalists for the 2017 Global FinTech Hackcelerator and FinTech Awards. These are among the highlights of this year’s Singapore FinTech Festival, which will take place in Singapore from 13 to 17 November 2017. In May 2017, MAS published a…

Saxo Bank held presentation on future in Asia

Chief Executive Officer and Member of Management Board at Saxo Bank A/S, Kim Fournais, was the keynote speaker and spoke of SaxoBank’s visions for future involvement in Asia during a meeting at AsiaHouse in Copenhagen, reported the Embassy Of Denmark Bangkok on 1 August 2017. Six Danish ambassadors to Asia – including Ambassador Uffe Wolffhechel…

Swe ambassador, among others, tested Kuala Lumpur’s new MRT

A guided MRT ride for Foreign Ambassadors and High Commissioners to experience the newly-launched MRT and connectivity of Greater Kuala Lumpur was arranged on 9 August by InvestKL, in collaboration with Prasarana and TRX. Prasarana is the asset owner and operator of the country’s three LRT networks and the KL Monorail; in addition to the…

Fintech in the real world – it’s happening in Asia

Angel investor Mr Dusan Stojanovic of True Global Ventures (TGV) continues to be our guide in painting the fast-tracked fintech (financial technology) development in Asia, and in relation to the Nordics, part two. In part one (June 2017) Dusan explained the strategy for his worldwide fintech investment vehicle (focusing solely on B2B fintech investment) and…