Latest Scandinavian Digital Economy News

HMS Industrial Networks opens in Singapore

HMS Industrial Networks on 12 January announced the opening of their new sales and support office in Singapore. This new office will help expand the market presence and local business of HMS in the growing South East Asian market. HMS has been doing business through distributors in South East Asia for several years and there…

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…

Singapore test trials of Volvo autonomous electric buses

Volvo Buses and Nanyang Technological University (NTU) in Singapore have signed a cooperation agreement on a research and development program for autonomous electric buses, part of the Land Transport Authority of Singapore’s drive. Singapore and its LTA are recognized for their focus on public transport and deployment of autonomous vehicles in the effort to create…

Swedish Versasec opened Singapore Office

Versasec, the leader in smart card management systems, has opened of its new Singapore office (December 2017) serving resellers, customers and prospects in the Asia-Pacific region. The new Singapore office is Versasec’s second office opened in 2017, and joins the company’s existing locations in Dubai, the US, Germany, France, the UK and company headquarters in…

Ascend Capital early-stage Finnish tech companies investment

Ascend Capital Partners has invested in over 24 million euros in four early-stage Finnish tech companies aiming at expanding their market into China. These new investments were officially announced at the highly popular startup and tech conference, Slush, held annually in Helsinki, Finland. Ascend made the public announcement at a China-specific event sponsored by COMB+…

Nokia collaborates with StarHub: Singapore IoT development

The two companies plan to develop new IoT use cases and applications in the areas of connected living, connected vehicles and connected buildings, with plans to offer commercial services to customers the first quarter of 2018. The alliance between Nokia and StarHub to enable easier and more rapid development of IoT services will help enterprises…

Sweden participated in 13th World Islamic Economic Forum

The World Islamic Economic Forum (WIEF) was hosted for the 13th time on 21-23 November 2017, this hear held in Kuching on Borneo, Malaysia. Sweden participated in WIFE for the first time with an official delegation headed by Ambassador Dag Juhlin-Dannfelt with the participation of Stockholm Chamber of Commerce, Ericsson , EQT and the start-up…

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…

Nevs agrees with China’s DiDi on electrical vehicles

NEVS AB (the Swedish company who acquired the main assets of the Saab Automobile bankruptcy estates) and DiDi Chuxing, a leading Chinese mobile transportation platform, have formed a strategic partnership and finalized a number of steps towards an extensive cooperation. The formal signing took place in Trollhättan, Sweden in Late October, in presence of among…

Sarawak delegation visited Finland

Chief Minister of Sarawak (Malaysian Borneo state) Datuk Patinggi Abang Johari Tun Openg visited Finland 24-26 September 2017 as part of a two-week study visit in Europe. The focus areas of the visit included forestry and digital economy. In Finland the delegation visited among others, the Ministry of Agriculture and Forestry, Hyytiäla Forest Station, the…