PYMNTS-MonitorEdge-May-2024

Nordea

Nordea Reaches Settlement With New York DFS Over Compliance Failures
Nordea Reaches Settlement With New York DFS Over Compliance Failures
August 27, 2024  |  Legal

Nordea Bank Abp has reached a settlement with the New York State Department of Financial Services (DFS) after the regulator determined that the bank had compliance...

READ MORE >
Nordea CFO Leaves Under Backdrop Of Management Overhaul
Nordea CFO Leaves Under Backdrop Of Management Overhaul
September 20, 2019  |  B2B Payments

Nordea Bank ABP’s finance chief is leaving amid a broader shakeup of the bank’s management under its new chief executive. The lender said Christopher Rees,...

READ MORE >
AML Expenses Eat Into Nordic Lenders’ Profits
AML Expenses Eat Into Nordic Lenders’ Profits
July 21, 2019  |  Banking

Anti-money-laundering compliance controls have impacted Nordic banks’ bottom lines. The region’s largest financial institutions — Swedbank AB, Nordea Bank ABP and Danske Bank A/S— have...

READ MORE >
Nordea Bank Under Investigation For Possible Money Laundering
Nordea Bank Under Investigation For Possible Money Laundering
June 17, 2019  |  Security & Fraud

Nordea Bank’s Danish headquarters was raided and searched by the country’s state prosecutor for potential ties to illegal money laundering, according to a report in...

READ MORE >
Nordic’s P27 Mulls Buying Swedish Clearing Platform
Nordic’s P27 Mulls Buying Swedish Clearing Platform
May 28, 2019  |  Payment Methods

The Nordic’s P27, a bank-owned initiative to create a common payments platform across the region, is looking into buying Swedish clearing payment firm Bankgirot. P27...

READ MORE >
Nordea Accused Of Handling $790M In Suspicious Transactions
Nordea Accused Of Handling $790M In Suspicious Transactions
March 04, 2019  |  Security & Fraud

Nordea, the biggest bank in the Nordic region, is being accused of handling millions of dollars in suspicious transactions for several years. According to a...

READ MORE >
Nordea Launches Open Banking Tool For Corporate Clients
Nordea Launches Open Banking Tool For Corporate Clients
December 20, 2018  |  B2B Payments

Nordic financial services firm Nordea is introducing a new solution to provide corporates with a streamlined financial reporting solution powered by Open Banking. In an...

READ MORE >
Nordic Banks Collaborate To Improve AML, KYC
Nordic Banks Collaborate To Improve AML, KYC
June 01, 2018  |  International

Five of the biggest banks in the Nordics are teaming up to create a joint anti-money laundering infrastructure. According to the Financial Times, after some of...

READ MORE >
Nordea Institutes Cryptocurrency Trading Ban For Employees
Nordea Institutes Cryptocurrency Trading Ban For Employees
January 22, 2018  |  Bitcoin

Due to high risks and “insufficient” protection, the Nordic region’s largest bank will ban its approximately 31,000 employees from trading in cryptocurrencies such as bitcoin,...

READ MORE >