Swedbank

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...

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Minna Technologies Notches €5.6M In Series A Round
Minna Technologies Notches €5.6M In Series A Round
May 17, 2019  |  Investments

In a Zenith Group-led funding round joined by Visa as well as Swedbank, subscription management platform Minna Technologies has notched €5.6 million in a Series...

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Appeal Over Swedbank Money Laundering Complaint Is Denied In Sweden
Appeal Over Swedbank Money Laundering Complaint Is Denied In Sweden
May 15, 2019  |  Security & Fraud

The appeal of an investor who campaigns against corruption in the banking industry was rejected by Sweden on Wednesday (May 15), according to a report...

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Fitch: AML Shortcomings Impact Bank Credit Ratings
Fitch: AML Shortcomings Impact Bank Credit Ratings
May 10, 2019  |  Security & Fraud

As part of a broader look at environmental, social and governance factors on credit scores, Fitch Group Inc. noted that shortcomings in financial crimes and...

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Swedbank Faces US Investigation As Bank Acknowledges Money Laundering Mistakes
Swedbank Faces US Investigation As Bank Acknowledges Money Laundering Mistakes
April 25, 2019  |  Banking

Sweden’s oldest bank is facing investigations in the United States as it has acknowledged it hasn’t done enough to prevent money laundering. Swedbank is already...

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Swedbank Fires CEO Amid Investor Revolt
Swedbank Fires CEO Amid Investor Revolt
March 28, 2019  |  Security & Fraud

Swedbank fired its chief executive officer as investigations into money laundering at the bank have expanded. According to a report in Reuters, citing Swedbank, CEO Birgitte...

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US Regulators Set Sights On Swedbank As Offices Are Raided
US Regulators Set Sights On Swedbank As Offices Are Raided
March 27, 2019  |  Security & Fraud

Swedbank is the subject of an inquiry by U.S. regulators in the wake of money laundering scandals, reported the Financial Times. In what is seen...

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Denmark Reg Probes Swedish Bank For Money Laundering
Denmark Reg Probes Swedish Bank For Money Laundering
March 14, 2019  |  Regulation

Denmark’s financial watchdog has instructed a Danish branch of Swedish bank SEB to obtain additional information on customers deemed to be a high money-laundering risk....

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Sweden’s Financial Regulator: ‘We Can Do More’ On Bank Oversight
Sweden’s Financial Regulator: ‘We Can Do More’ On Bank Oversight
March 07, 2019  |  Regulation

Sweden’s financial regulator, the Swedish Financial Supervisory Authority, said it needs to pick up its oversight of Swedish banks when it comes to money laundering....

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