PSD2 is an EU directive about payments, data and security. PSD stands for Payment Services Directive, and the number 2 means that it is an update to the original PSD from 2007. PSD2 came into effect in 2018 in Denmark, Finland and Sweden and in 2019 in Norway.
Open Banking is the practice of providing access to financial services, like for example your bank account information and payments, to other providers than your bank.
10 years with the bank in your phone – we celebrate a digital anniversary
It's time to look back as our mobile bank turns 10 years old. From its first interfaces and features to its current form as an all-inclusive and personalised mobile app, its journey throughout the years reveals true determination to make Nordea a leading digital bank.
SWIFT code has now changed name to Business Identifier Code, BIC for short. It’s used to identify the bank among all the other banks in the world, and this helps banks transfer money and communicate with one another through secure messages.
Where is digital banking heading? Customers have embraced the digital banking of today with its fast and convenient experience. In the future, the challenge will be to fuse in-person advisory services and digital channels into one seamless experience.
Join the API economy and take advantage of the new banking technology
The banking technology is evolving fast and the trend is going towards making more financial data accessible via APIs – and Nordea is in front, offering customers and partners to use our services in their preferred digital environment via our embedded finance solutions.