Riksbank Prioritises Offline Payments in Contingency Planning
Swedish Riksbank wants to strengthen the resilience of the national payment system, developing solutions that enable offline payments with cards, amidst the global geopolitical turmoil.
Sweden
Swedish Regulator Reportedly Criticizes Klarna’s Anti-Money Laundering Measures
The media reports that in Sweden, the Financial Supervisory Authority (FSA) has conducted an estimate of the risk assessment system currently used by Klarna and after that made critical remarks.
Where Are Contactless Payments Heading?
We all remember 2020 when the pandemic threat made contactless the new black. The fewer objects you touch, the less risk of infection. The payments industry was one of the most impacted sectors since cash was listed among the main virus transmitters. However, the world has rebounded from the Covid narratives and most economic sectors […]
Klarna Reportedly Gauges Investor Interest in Secondary Share Sale
The media reports that Klarna is currently assessing the interest of investors in buying existing shares of the company on the secondary market.
Energy Tech Startup Greenely Grabs €8 Million
Swedish-based startup Greenely is closing an €8 million (about $8.7 million) Series A funding round.
Sweden’s Economy Demonstrates Slow Growth
Currently, the Swedish economic system is on an upward trajectory, but the pace of the corresponding positive process is minimal and in a negative sense does not meet the preliminary expectations of experts regarding the speed of this dynamic.
Microsoft to Invest $3.2 Billion in Sweden
Microsoft on Monday, June 3, announced its intention to invest $3.2 billion to expand its cloud and artificial intelligence infrastructure in Sweden over two years.
Klarna’s Internal AI Assistant Answers 2,000 Employee Questions Daily
The Swedish fintech company Klarna reported that its internal digital assistant, operating based on artificial intelligence, called Kiki, answers 2,000 questions from employees daily and has already generated information materials for more than 250,000 requests since June when the corresponding virtual product was launched.
Klarna Posts Narrower Full-Year Losses
Klarna shrank its net losses by 73% last year.
Swedish FinTech Brite Payments Raises $60 Million
The Swedish fintech company Brite Payments announced that it managed to raise investment funds in the amount of $60 million.
Klarna Halves Losses
Klarna is on the way to restoring its financial performance to an acceptable level.
Swedish Open Banking Startup Kreditz Raises €10 Million
Swedish open banking startup Kreditz has announced that it has managed to attract investment funds for 10 million euros.
Danske Bank Now Helps Businesses Track Their Customers’ Financial Health
The new B2B business intelligence service enables Danske Bank business customers to check their customers’ creditworthiness and access the risks of non-payment
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