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.
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.
The race towards instant cross-border payments is crowded. Like the beginning of a bicycle race, participants are lining up, some with a spirit of cooperation and others with a more competitive mindset. Governments, banks and organisations are all vying to get out in front — but the course is long and a winning solution requires both speed and security to succeed.
Ten years ago you’d probably never heard of the 'C-suite', a phrase that refers to a company's key group of senior executives. Now, it’s everywhere. And over that time, the definition has grown more broad. Core roles — like Chief Executive Officer (CEO), Chief Finance Officer (CFO) and Chief Operations Officer (COO) — have been joined by new ones, like Chief Marketing Officer (CMO). As we emerge from a period of intense changes, many businesses are asking if this leadership group needs to evolve further.
The rise of edge banking in the era of digital commerce
As companies continue their migration towards digital commerce, they will increasingly need to embed financial services into their own customer offerings and value-chain processes. Marina Repo, Head of Partnerships, Nordea Connect, and Jean-Francois Tapprest, LC&I Business Innovation Lead at Nordea, exchange views on the rise of e-commerce and envision the opportunities for re-inventing corporate banking.
Is your company prepared for the 4th industrial revolution?
The fourth industrial revolution has ushered in a whole range opportunities for implementing data driven business models. Mathias Rasmussen, Working Capital Advisory at Nordea, discusses the effects increased data will have on asset life time spans, customer relationships, working capital and value creation.
The growth of embedded finance has seen an increasing number of financial operations enabled in the user’s own preferred digital environment. As a market leader in Open Banking, Nordea is heading the embedded finance charge by providing a growing selection of premium API solutions that can be embedded in external channels and applications.
The use of artificial intelligence (AI) is becoming more varied and more widespread. Many of us interact with it every single day: we talk to digital assistants like Siri and Alexa, we let sites like Netflix, Amazon and ASOS suggest our next purchases, and we let AI sort our emails and even suggest replies. But AI isn’t without its problems and even companies with large teams of researchers are struggling with some of the challenges.
Lots has been written about the future of retail. And not just since the COVID-19 pandemic. In November 2019, a study by HUI Research in collaboration with the Trade Council found that in Sweden 4,222 stores had closed in the past year. This was offset by 1,957 openings, but still represents a significant fall.
The true value of P27 are the things that can be added on top
Tino Kam, Head of Transaction Banking Product Management at Nordea, spoke to P27 Nordic Payments to share his take on the value of P27, the platform’s expected benefits, and the importance of having a robust and resilient payments platform that serves the entire Nordic region. This article was independently edited by P27 Nordic Payments and is reshared here on Insights.
The term “sharing economy” has come to be used for a lot of different things. From community-based initiatives like The Green Village to multi-billion-dollar unicorns like Uber. With people increasingly concerned about the environment and ownership not being the status symbol it once was, sharing resources or renting things rather than buying them looks set to grow.
Sustainability isn’t just about the environment. Companies strive to be robust and able to take change in their stride. But few were prepared for a global pandemic on the scale of COVID-19. Businesses around the world were forced to shut their doors. Supply chains, sales models, and support services were all thrown up in the air.
Frictionless Cross-border Payments: Let’s Start in the Nordics
The realm of Payments is going through a rapid transformation. Whether the inevitable result of a decades-long drive toward digitalisation or the unintended consequence of third-party technological leaps forward, we are currently witnessing a confluence of major changes to the industry, with Nordic markets at the forefront.