Sweden

News

Sweden’s Economy Demonstrates Slow Growth

Currently, the Swedish economic system is on an upward trajectory, but the pace of the corresponding positive process is minimal and in a negative sense does not meet the preliminary expectations of experts regarding the speed of this dynamic.

News

Microsoft to Invest $3.2 Billion in Sweden

Microsoft on Monday, June 3, announced its intention to invest $3.2 billion to expand its cloud and artificial intelligence infrastructure in Sweden over two years.

News

Klarna’s Internal AI Assistant Answers 2,000 Employee Questions Daily

The Swedish fintech company Klarna reported that its internal digital assistant, operating based on artificial intelligence, called Kiki, answers 2,000 questions from employees daily and has already generated information materials for more than 250,000 requests since June when the corresponding virtual product was launched.

News

Klarna Posts Narrower Full-Year Losses

Klarna shrank its net losses by 73% last year.

Fintech & Ecommerce

Swedish FinTech Brite Payments Raises $60 Million

The Swedish fintech company Brite Payments announced that it managed to raise investment funds in the amount of $60 million.

News

Klarna Halves Losses

Klarna is on the way to restoring its financial performance to an acceptable level.

News

Swedish Open Banking Startup Kreditz Raises €10 Million

Swedish open banking startup Kreditz has announced that it has managed to attract investment funds for 10 million euros.

Fintech & Ecommerce

Danske Bank Now Helps Businesses Track Their Customers’ Financial Health

The new B2B business intelligence service enables Danske Bank business customers to check their customers’ creditworthiness and access the risks of non-payment

News

Central banks join to explore CBDC for international retail payments

BIS and the central banks of Israel, Norway and Sweden teamed up to find out  how CBDCs can be used for international retail and remittance payments

Blockchain & Crypto

Where do global governments stand on the CBDC issue?

Many countries have explored and tested national digital currencies. Yet, it doesn’t mean they are going to implement them. Read how national opinions on CBDC have changed over time

News

Credit Suisse considers aggressive job cuts

Swiss lender weighs laying off thousands of employees globally to reduce its overall cost base by an additional $1 billion

Finance & Economics

Riksbank launches instant payments service

Riksbank has introduced the RIX-INST service, which means that payments between banks can be made in real-time with central bank money. The Riksbank is thus offering the banks a secure and cost-effective payment system for instant payments that creates opportunities for Swedish companies to develop new innovative payment services. The service is connected to the […]

Science & Technology

Record number of European consumers abandon financial apps during onboarding

The report is based on a survey of 7600 consumers across Europe including Belgium, Denmark, Estonia, Finland, France, Germany, Lithuania, the Netherlands, Norway, Poland, Spain, Sweden, the UK, and Ukraine

News

H&M trials new marketplace model

H&M has started trials of its new marketplace model in Germany and Sweden, as per Ecommerce News. This means that online shoppers can now find items from third-party brands in the section of the website called ‘H&M with Friends’. If successful, the model will be extended to other markets. A month ago, H&M released its […]

News

Klarna announced partnership with Wix

From designers and developers to musicians and restaurant owners, Wix is a website development platform for e-commerce merchants globally

News

BigBuy now covers all European Amazon marketplaces

This week, the B2B wholesale platform extended this service with two other Amazon marketplaces