Transaction banking

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.

Woman walking

Insights

Understanding the potential benefits of Open Banking

Ulrika Claesson, Head of Open Banking Community at Nordea, and Agnija Gailane, Community Manager - Open Banking Community at Nordea, were interviewed by Vlad Macovei from 'The Paypers' to discuss educating companies about Open Banking, the solutions being offered and the things fintech partnerships can bring to the table. As Open Banking becomes more understood, Nordic companies are actively identifying areas where APIs can bring value to their customers.

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Woods

Insights

Trade is not out of the woods just yet

As economies around the world begin to get back to pre-pandemic levels, some parts of the global supply chain have struggled to adapt to the return to full speed. Richard Hayes, Acting Head of Trade Solutions Denmark at Nordea, argues that alongside the pandemic, today’s dislocation and fragility in global supply chains originates from a combination of factors that began to impact the global trade ecosystem long before the emergence of COVID-19.

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Insights

Subscription based business models in corporate banking

With subscription business models spreading across nearly all industry verticals, the financial industry is often described as a laggard in this area. Jean-Francois Tapprest, Large Corporates & Institutions (LC&I) Business Innovation Lead at Nordea, analyses how a large part of the corporate banking business is already “subscription-like” and how banks can gain inspiration from modern subscription-based models.

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Man on electric scooter

Insights

Standardised Request to Pay services will drive fast and frictionless payments

Initiatives in the EU and Nordics are bringing standardised Request to Pay services closer to reality. By removing friction and delivering real time payment messaging functionality across the region, Request to Pay will offer a wave of new payment opportunities and help to make instant payments the norm.

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Two people walking and writing on their mobilephone

Corporate insights

Emerging privacy enhancing technologies (PETs) are the new blind spot in digital banking

A report by the Mobey Forum’s AI & Data Privacy Expert Group suggests there is a blind spot in the banking industry regarding the importance of emerging privacy enhancing technologies (PETs) in privacy risk mitigation and business innovation. The report argues emerging privacy enhancing technologies can be used to solve some of the key challenges in this space related to how to process anonymous and encrypted data without losing value even when no details about private data are shared.

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Men in workplace

Corporate insights

We have Industry 4.0, why not Finance 4.0?

Manufacturers have been talking about Industry 4.0 for about a decade. Advances in sensors, networking and artificial intelligence (AI) have enabled them to track and optimise production facilities, cutting lead times, reducing waste and improving safety. But interest isn’t limited to manufacturers: retailers, healthcare companies and many others are looking at how these technologies could improve operations. That raises the question, are these ideas and technologies behind Industry 4.0 relevant to finance transformation?

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Rocket

Insights

How to finance growth for Small & Medium sized Enterprises?

Nordea’s Trade and Working Capital team return to their Working Capital Report 2020, this time from the perspective of SMEs (Small & Medium sized Enterprises) to assess their challenges with financing growth and investments and to suggest alternative solutions for funding growth if there is a shortage of capital.

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Copenhagen

Insights

Ways to tackle fraud in the new banking landscape

Helena Wall, Head of Fraud Intelligence and Awareness within Fraud Management at Nordea, was interviewed by ‘The Paypers’ to discuss the latest trends in financial service fraud attempts and how people can be educated on the tactics being applied by fraudsters.

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Wärtsilä

Corporate insights

Automating beneficiary account validation with Wärtsilä

A new API based solution known as ‘Beneficiary Account Validation’ provides an effective way for companies to validate the bank account information of their international suppliers before changing payment instructions or adding a new supplier. Developed as the result of close collaboration between Nordea and Wärtsilä, the new service aims to reduce the risk of fraud by adding an extra layer of security to the account verification process.

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Man working

Insights

The subscription economy requires specific financial services

Driven by new technology and digitalisation, companies in the Nordics are increasingly moving towards subscription based business models as they become mainstream. Jean-Francois Tapprest, LC&I Business Innovation Lead at Nordea, discusses the ways companies can make the change and what this means for the financial services they consume.

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Person look to the horisont

Insights

Understanding risk: Why treasuries need to evolve

The treasury has long been under pressure to transform — yet, as we found out in our Treasury 2025 report, only 12% of treasuries said that their department has a digitisation strategy. In most companies, the treasury is still operating on the periphery, playing a supporting role to the wider business.

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People using mobile phones

Corporate insights

Leading the way to a verifiable data network with Findy

A new joint public and private initiative in Finland known as Findy aims to create a decentralised verifiable data network that solves the challenges of being able to trust identification related information online. Findy’s goal is to enable individuals and organisations connected to the network to manage their own identification credentials and control access to the data.

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