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Saldo Bank opens Sweden operations to offer competitive interest rates

Saldo Bank has announced its entry into the Swedish market to offer interest rates of up to 5% on one year fixed-term accounts.  The Finnish...

Klarna strikes loom as union negotiations intensify 

Klarna’s battle against worker unions in Sweden has intensified as in the absence of a collective deal, the threat of strike action grows.  The BNPL...
Sweden

Sweden looks ahead to ‘positive’ AML law changes 

Spelinspektionen, Sweden’s Gambling Inspectorate, has issued a ‘positive response’ to changes that will come with the country’s revamped Money Laundering Act. In September, the Ministry...
Trustly is the market leader in Sweden

Zimpler set to appeal in Swedish Bank-ID dispute 

Zimpler has confirmed it will appeal against the intervention of the Swedish Gambling body, Spelinspektionen, which has deemed its business of facilitating payments for unlicensed online...

Citi facilitates Nordnet lending with its securities access platform

Nordnet has been announced as Citi Securities Services’ first Swedish client to tap into the latter’s securities lending access platform  The solution will enable Nordnet...

SGA hits Kindred with €998,000 penalty

Spelinspektionen, the Swedish Gambling Authority (SGA), has issued a sanction to Kindred Group for insufficient adherence to local regulations. A total of SEK 10.9m (€998,000)...

Juni granted Swedish EMI licence

Ecommerce financial platform Juni has been officially recognised as an Electronic Money Institution (EMI) by Sweden’s regulator Finansinspektionen.  The EMI licence will enhance the group’s...

Nstart receives crediting licence

The Swedish Financial Service Authority (SFSA) has given fintech Nstart a licence to do business as a credit institution. Through the accreditation, the firm is...

Swinto and Currencycloud to support Kosovars living in Switzerland

Payments provider Currencycloud has partnered with Velanis-owned finapp Swinto to alleviate cross-border transactions for Kosovars in Switzerland. The partnership aims to remove Swiss-based banks from...

Spelinspektionen announces new self-exclusion scheme

Swedish gambling authority, Spelinspektionen has landed a major 2022 directive by upgrading Spelpaus, which is the Swedish gambling centralised self-exclusion scheme.  It comes after the inspectorate...

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