The implementation of PSD2 represents an opportunity for countries to overhaul their financial infrastructures, forcing them to upgrade older systems so businesses and FIs can remain compliant and move money faster. While plenty of countries are seeing this as an opportunity to grow, some markets...
The Financial Supervisory Authority (FSA) in Norway said that several banks didn’t make sufficient anti-money laundering assessments in 2018, according to a report by Reuters. The FSA released its annual report on Friday (March 22) listing all the banks that had been inspected, but it...
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 report in Reuters, citing Finnish broadcaster Yle, which had access to leaked documents, the money came from companies registered in...
Teamwork is the name of the game when it comes to open banking. Traditional FIs are joining with FinTech outfits to bring faster payments to the masses. Amid the marquee names in banking combining efforts with tech-savvy upstarts: Deutsche Bank and Fifth Third.
March 22, 2019
The Financial Supervisory Authority (FSA) in Norway said that several banks didn’t make sufficient anti-money laundering assessments in 2018, according to a report by Reuters. The FSA released its annual report on Friday (March 22) listing all the banks that had been inspected, but it didn’t say which institutions had the issues. In November of […]
March 04, 2019
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 report in Reuters, citing Finnish...
June 01, 2018
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 the lenders were criticized by...
