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Int'l Experiment Proposes Cross-Border Retail CBDC Run as Two Domestic Payments

BIS' model requires FX providers to submit quotes to settle transactions.
The cross-border retail CBDC system is to be run on bridge currencies.

Monday, 06/03/2023 | 15:07 GMT by Solomon Oladipupo

Klarna’s Revenue Increases 21% to $1.85 Billion in 2022

The fintech company's GMV shot up 22% to $80.35 billion.
Klarna's global consumers reached 150 million in 2022.

Tuesday, 28/02/2023 | 15:42 GMT by Solomon Oladipupo

Binance's New Swedish Registration Marks 7th Regulatory License in EU

The crypto exchange is now licensed in 15 jurisdictions across the world.
Binance started racking up licenses after opposition from regulators.

Wednesday, 11/01/2023 | 17:19 GMT by Solomon Oladipupo

Klarna Raises $800m as Investors’ 'Opposite' Votes Sink Valuation by 85%

The new financing is to expand the firm's position in the US.
Partner at Sequoia believes that investors will come around eventually.

Monday, 11/07/2022 | 21:53 GMT by Solomon Oladipupo

Sweden Considers a Shift Towards e-Krona

Less than 10 percent of Swedish transactions are made in cash.

Monday, 14/12/2020 | 07:12 GMT by Arnab Shome

Open Banking Startup 'Tink' Pockets $103M in Latest Fundraising Round

The funding has put Tink's post-money valuation at around $825 million.

Monday, 14/12/2020 | 07:00 GMT by Rachel McIntosh

Executive Moves

Michael Moritz Is Secured as Klarna’s Next Chairman

Moritz will lead the company forth as it continues its push in the US by possibly becoming a US bank ahead of a stock market listing.

Tuesday, 01/12/2020 | 15:33 GMT by Tom Hazan

Qred Gains Swedish Payments Services License

The fintech startup is operating in six countries now.

Thursday, 26/11/2020 | 11:01 GMT by Arnab Shome

Swedish Financial Supervisory Authority Warns on 'Fortuna Private Investments'

The Swedish watchdog says that the firm isn't authorized to offer financial services.

Wednesday, 19/08/2020 | 10:30 GMT by Rachel McIntosh

HIVE to Expand Its Ethereum Mining Capacity by 20%

The company will spend $200,000 for every additional MW in capacity.

Thursday, 12/03/2020 | 09:13 GMT by Arnab Shome

Ant Financial Buys Minority Stake in Swedish FinTech Klarna

The involved amount was not officially disclosed by either firm.

Wednesday, 04/03/2020 | 10:40 GMT by Arnab Shome

Swedish Central Bank to Test Launch e-Krona on R3’s Corda

Increasing demand for the digitized currency has forced the regulator to explore a CBDC.

Friday, 21/02/2020 | 08:36 GMT by Arnab Shome

Executive Moves

Scandinavian Capital Markets Names New Chief Market Strategist

Dan Blystone has been appointed to the role.

Thursday, 13/02/2020 | 12:32 GMT by Celeste Skinner

Swede Arrested in Thailand Over Crypto Fraud

Roger Karlsson is thought to have a run an investment scheme that raked in $11 million in stolen funds

Friday, 21/06/2019 | 14:34 GMT by David Kimberley

Nasdaq to Acquire Swedish Fintech Provider Cinnober

Nasdaq made an all cash public offer to the shareholders and warrant holders of the firm worth $190 million.

Friday, 14/09/2018 | 08:13 GMT by Celeste Skinner

Analysis: Scandinavia Sees Growth in Deposit Size in April

Chinese traders active again while customers in Sweden deposit the most

Thursday, 24/05/2018 | 10:21 GMT by Sylwester Majewski

Baymarkets Separates into Two Independent Firms

The firm did not reveal the reason for such an important move.

Tuesday, 10/04/2018 | 10:03 GMT by Arnab Shome

Sweden Sees Surge of Cybercrime with Crypto-Jacking Cases up 10,000%

Criminals are switching to hijacking victims' computers to mine cryptocurrency

Thursday, 22/03/2018 | 11:17 GMT by Arnab Shome

SEB Joins Nasdaq to Leverage Chain’s Technology for Swedish Mutual Funds

“By leveraging blockchain technology there is strong potential for improvement via digitalization."

Wednesday, 27/09/2017 | 08:16 GMT by Avi Mizrahi

Sweden Tests Property Transactions on a Blockchain with ChromaWay

The Swedish agency reports an increased interest in blockchain technology for land registry from countries around the world.

Thursday, 30/03/2017 | 09:15 GMT by Avi Mizrahi

New Swedish Firm Offers Iranian Stock Investment for Bitcoin

Brave New World Investments AB operates entirely in cryptocurrency as Swedish banks refuse to offer it accounts.

Friday, 24/03/2017 | 12:03 GMT by Avi Mizrahi

UFX.com Launches ParagonEx 4.0 Trading Platform in Scandinavia

Entering tne Scandinavian market is the first step of the online broker's global expansion plans in 2017.

Wednesday, 04/01/2017 | 13:32 GMT by Finance Magnates Staff

Nasdaq Stockholm, Clearing Fined by Swedish Regulator for Lax Security

Swedish Regulator Finansinspektionen has fined Nasdaq Stockholm and Nasdaq Clearing a collective $6 million.

Tuesday, 13/12/2016 | 16:49 GMT by Jeff Patterson

Stockholm Lays Framework for New FinTech Hub, Targeting Q1 Launch

With nearly 1/5 of the fintech investment share in Europe, Stockholm is creating a new hub for startups.

Tuesday, 29/11/2016 | 16:09 GMT by Jeff Patterson

Sweden May Issue a National Cryptocurrency, e-Krona, within Two Years

The Swedish central bank looks to a digital replacement for cash and blockchain might be considered.

Friday, 18/11/2016 | 09:56 GMT by Avi Mizrahi

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