Catch up with the hottest subjects impacting the fast evolving and rapidly developing area of transaction banking. Topics include cash management, trade, payments, working capital, liquidity management, digitalisation, e-commerce, mobile payments, cards, emerging technology and much more. Stay informed on the latest developments in the TxB space and find out how they impact people and companies in the Nordics and beyond.
Real-time e-receipts are the future of purchasing
Residential housing development company JM was struggling with the volume of paper receipts its staff processed every month. By shifting to e-receipts, provided by Kwick Expense and its partner bank Nordea, JM was able to simplify its invoice processing and minimise the risk of lost receipts. This has saved JM’s employees time and unnecessary frustration, and costs have been reduced due to more accurate VAT deductions.
Podcast: BAFT – 100 years of bringing the financial community closer
The Banker’s Association for Finance and Trade, better known as BAFT, is a global association for organisations engaged in transaction banking around the world. With a 100 year track record of bringing change through dialogue and collaboration, BAFT is a key meeting place for the financial community and its suppliers, helping to shape market practices, provide education and deliver global advocacy.
Formula for success: Nordea helps baby product maker Twistshake go global
By taking an innovative approach to the design and marketing of baby products, Twistshake has become a Nordic success story, exporting to markets all over the world. As Twistshake’s trade and working capital needs became more complex, Nordea’s Trade Solutions team were on hand to provide advice and solutions to optimise liquidity management and ensure continued success.
What will payments look like in a post-pandemic world?
It’s no secret that the COVID-19 pandemic resulted in changes in almost every aspect of our lives. One of the most notable changes was the level of digitalisation and development that has happened in just 2 years. It’s safe to say that payments and purchasing behaviours weren’t left untouched – ecommerce and the adoption of new payment methods also saw a significant increase.
P27 aims to establish the world’s first integrated region for domestic and cross-border payments in multiple currencies through an open-access, common payments infrastructure for the Nordic region. Once P27 becomes fully operational, banks will be able to offer their customers standardised products and services across the Nordics. In Sweden, preparations are well underway to make sure businesses and consumers can benefit from the changes ahead.
Nordea voted number 1 in the Nordics in Prospera’s Trade Finance customer survey
Nordea’s Trade Solutions team has moved into top spot in this year’s Prospera customer satisfaction survey for Trade Finance related services. Following a series of interviews with Nordic organisations conducted by the Prospera team, Nordea’s overall performance was ranked the highest.
For over 20 years the global industry association Mobey Forum has been empowering banks and financial institutions to shape the future of digital financial services. During that time the forum’s focus has expanded from the early years of mobile payments to a whole range of data related subjects from privacy enhancing technology to the Internet of Things. Assessing the evolution of the Mobey Forum’s focus areas shines a spotlight on the developing path of technological innovation in digital banking.
The future role of banks – Finding new areas to stay relevant for society’s trusted pair of hands
2022 promises to be another year of turbo charged change in finance and technology. For banks facing an ever shifting environment driven by digitalisation, regulations, new players, standardisation initiatives and technical innovation, understanding where to stay relevant remains a key objective. Erik Zingmark, Head of Transaction Banking at Nordea, and Ville Sointu, Head of Emerging Technology at Nordea, met to discuss the exciting possibilities for banks that lie ahead.
Nordea’s Instant Reporting API helps RaskRask stay in great shape
‘Rask’ means healthy in Danish and the health and wellness company RaskRask has certainly seen healthy growth in recent years. With a rapidly increasing volume of bookings, RaskRask needed to automate their processes for reconciling incoming payments. Nordea’s Instant Reporting API was on hand to help the company reduce manual processes and offer more flexibility and less administration for customers and partners.
At Nordea's Offline to Online event, the topic of service based business models was on the agenda. Equipment-as-a-Service (EaaS) relates to a whole range of equipment that is used on a “pay as you go” basis rather than by purchasing and owning the machine itself. As technology and the ability to monitor equipment usage rapidly evolves, EaaS presents opportunities and challenges for customers, manufacturers, banks and insurers alike.
At Nordea’s annual Offline to Online digital event, Erik Zingmark, Head of Transaction Banking at Nordea sat down with Johan Trocmé, Director of Thematics in Investment Banking at Nordea, to discuss the latest developments in the rapidly converging worlds of finance & technology and the banking industry’s pragmatic approach to staying relevant both now and in the future.
Cyber Security Month: Being prepared all year round
October is Cyber Security Month and a chance to raise awareness about the potential threats from cybercrime people and companies face in an increasingly digital and interconnected world. Helena Wall, Head of Fraud Intelligence and Awareness within Fraud Management at Nordea, explains why it is critically important to stay alert against potential fraud attempts all year round and shares some tips to remember in order to reduce the chances of becoming a victim of digital fraud.