Nordea has been successfully introducing robots to take care of manual repetitive processes in order to create more time for employees to focus on value adding tasks. After a period of development, the bank now has one of the most advanced robotics programmes in the Nordics.
Taking a holistic approach to equipping the modern Treasurer
Nordea aims to stay one step ahead of the rush to deliver new products and services by understanding and anticipating the needs of customers, elevating traditional functional transaction banking offerings to dynamic tools that support strategic decision making.
What skill sets will be critical in the treasury of the future?
As digitalisation progresses and the financial landscape evolves, treasury teams face rapidly changing demands. Employees will require an increasingly diverse range of skills to succeed and thrive — and to ensure the treasury’s future relevance.
Industry 4.0 is the name broadly used for the fourth industrial revolution, which has seen entire industries starting to move towards fully digital value chains and manufacturing processes. Ville Sointu, Head of Emerging Technologies at Nordea, discusses how linking industrial IoT data streams to payments and financing will make it possible to create innovative new solutions and services.
Beyond the hype: How far away is the real-time treasury?
Many treasuries are still reliant on end of day reports and manual processes. But change is within sight. Here are some exciting innovations that are bringing treasuries closer to being truly real-time — from open banking APIs to robotics and artificial intelligence.
Keeping pace with the changing Nordic payments landscape
During a busy Sibos conference in London, Tino Kam, Head of Transaction Banking Solutions at Nordea, met up with Lauren Jones from InstaPay, to discuss the latest developments in Nordic payments. This article was independently edited by InstaPay and is reprinted here.
As society’s traditional safe place to store assets and wealth, the role of banks as the potential guardians and facilitators of sharing personal data has gained traction. If data is the new asset class of the digital age and ‘personal data management’ is a natural direction for banks, creating a system that can work in practice is not without its challenges.
What’s the role of today’s CFO in digital transformation?
Many CFOs still spend the majority of their time on traditional finance roles. But as the gatekeepers of critical finance data, CFOs should also play a leading role in their company’s digital transformation. This article explores how CFOs can achieve this.
Businesses in every industry are undergoing digital transformation. They’re using technology to improve how they interact with customers, differentiate products and services, and drive internal efficiencies. In some cases, digitalisation is paving the way for entirely new business models. But that’s putting increasing pressure on corporate treasuries.
Open Banking offers a future of fast, direct and transparent data flows that can change the way people use and consume financial services. Built around the concept of strong customer authentication, a range of new solutions are possible including specific enablers that can make Request to Pay an everyday reality.