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
Delivering innovation fast and on time
The ground-breaking ‘Helix’ innovation model developed by Norway Post & Bring is helping the company find new and faster ways of bringing ideas and solutions to life. Keeping up with the pace of change also means expanding innovation hubs to make room for more co-creation in the future.
In the circular economy, products and services are based on the sharing, renting and recycling of resources. Companies of all sizes can already now begin to take steps towards circular business models, gaining both an economic and competitive advantage.
Breakthroughs in technology, combined with regional initiatives and increasing standardisation, are moving the Nordic region even closer to real-time payments as the norm. For Nordea, leveraging evolving infrastructure and technology is all about bringing greater value to customers.
Keep your online customers coming back: Three myths debunked
When e-commerce puts the world at every consumer’s fingertips, how can you make sure they choose your online store? And not just once, but time after time?
TxB Insights Trade Special – digital magazine out now!
The latest digital version of TxB Insights magazine is out now, this time with a focus on trade. We have gathered our most recent trade related Insights articles and packaged them together in an easy to read magazine format. Click on the link below to check it out. Happy reading and sharing!
An in depth analysis of 124 large Nordic companies in 2019 showed aggregated overdue payments of EUR 18.5 billion, equal to 22% of total gross accounts receivables. With total overdue payments already increasing by 4% from 2018, the after effects of the coronavirus are expected to create an even larger growth in overdue payments in the coming months.
Flower power – Open Banking help Majblomman track donations in real time
Majblomman is a well-known Swedish charity that raises money with the annual sale of special paper flower pins. When Majblomman implemented a fully digital campaign, Nordea’s Open Banking team enabled a real time overview of all incoming donations.
Being well prepared is an obligation for every CFO and treasurer
Nordea's Johan Trocmé talked to Philip Asp, Head of Investment Banking at Nordea, about what could happen if containment efforts to halt the spread of COVID-19 lead to sustained major disruptions in global supply chains. Corporates need to consider the potential impact on liquidity, funding and even recapitalisation needs, as well as potential hostile bids under stretched circumstances.
Supply chains: Become less lean or step up risk management
Nordea's Viktor Sonebäck interviewed Patrik Zekkar, Global Head of Trade Finance & Working Capital Management at Nordea, to hear more about how the COVID-19 outbreak will disrupt global supply chains, as occurred during the SARS outbreak in 2003-04 and the Fukushima accident in 2011. Patrik elaborates on how China plays a greater role today, how corporates should think about their supply chains and how Nordea can offer short-term help.
Selecting KPIs – Empowering finance departments by measuring what matters
Nordea’s Treasury KPI Report showed that treasuries are increasingly embracing KPIs to monitor the effectiveness of their activities. For Treasurers and CFO’s in the process of selecting operational and strategic KPIs, choosing the right mix can often be dependent on company size.
Although it was regulatory requirements that sparked the move towards Open Banking, Sofia Ericsson Holm, Head of Strategic Partnerships and Open Banking at Nordea, explains how it is the demand for instant and better user experiences that will really drive innovation.
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.