Nordics Financial News

27.04 / 11:59

Blockchain COST Provident Digital Platform nordics NextGen Nordics: Managing innovation risk with regulation and education

Eidsson, formerly analytics director at Klarna, spoke extensively to Milne about the challenges of regulating the BNPL space in order to protect the end consumer. When asked about the controls that have been brought in (or are currently being introduced) to the BNPL space by regulators, Eidsson commented that there is absolutely no reluctance toward new rules from the BNPL providers.

25.04 / 11:33

Provident Twitter Digital Amazon PayPal Apple nordics NextGen Nordics: Retail CBDCs could jeopardise commercial banks’ deposit base

Jussi Snellman, senior manager, P27 Nordic Payments, provided an overview of the state of play of CBDCs in the Nordics and explained that these digital instruments combine two existing elements – central-bank issued public money such as notes and coins, and digital central bank money such as reserve deposits. “This combination was not available until now. Depending on the design [of the currency], there could be wildly different instruments all labelled CBDCs. Therefore, we cannot talk about the benefits and the downsides without knowing what kind of CBDC we are talking about,” Snellman said.

08.03 / 04:07

COST Ethereum Provident Digital nordics CBDC in the Nordics: What is the status in Sweden, Denmark, Norway, Finland and Iceland?

Central bank digital currency (CBDC) is an exciting area of development from many central banks across the world, particularly in the Nordics. Some countries within the Nordics have taken the lead on these developments, while others remain more sceptical over how the benefits outweigh the risks.

24.02 / 14:17

COST Ethereum Provident Digital nordics CBDC in the Nordics: What is the status in Sweden, Denmark, Norway, Finland and Iceland?

21.02 / 15:01

nordics BIS Nordics invites vendors to submit tech for offline CBDCs

By inviting technology suppliers to submit their propositions, the Nordic Centre hopes to guide central banks in understanding the applicability, suitability and readiness of the variety of solutions available, the risks and trade-offs and the maturity of the technology.Selected vendors will be invited to present their solutions to a panel of BIS experts and reps from other central banks. States the BIS: "The solution must be demonstrable, regardless of which stage of maturity the product is at, and not conceptual."The deadline for applications is 24 February.

28.04 / 10:47

COST Provident Digital nordics NextGen Nordics: Who started the rumour that CBDCs will replace cash?

With the definition of a CBDC still being unclear to many, Curran asked Sointu to provide his perspective and he highlighted how for a central bank, the liability is equivalent to cash, but it is simply digital. “Beyond that, everybody has a different opinion on different perspectives of what it is, what it should be, how it is, what it’s going to be used for, whether it’s useful or not, how it’s distributed and how the service works,” Sointu added.

11.03 / 17:29

VISA CEO Platform Bitcoin nordics Green Bitcoin NextGen Nordics: Green bitcoin mining farm planned in Sweden

NextGen Nordics will bring together multiple stakeholders – the banking community, central banks, public authorities and trade and business beneficiaries – to generate community discussion, explore the benefits and offer practical advice on activating the opportunities of new technologies in the Nordic region. Register for the event here.

11.03 / 15:31

Digital VISA CEO Platform nordics NextGen Nordics: Lunar secures €70 million in fresh funding

25.02 / 14:11

Provident CEO Accenture nordics NextGen Nordics: Sweden completes Phase 2 CBDC trials

NextGen Nordics will bring together multiple stakeholders - the banking community, central banks, public authorities and trade and business beneficiaries - to generate community discussion, explore the benefits and offer practical advice on activating the opportunities of new technologies in the Nordic region. Register for the event here.

11.02 / 20:01

Provident Digital CEO Platform nordics NextGen Nordics: 80% of Nordic payments now contactless

11.02 / 15:57

Provident Digital CEO Platform nordics Next Gen Nordics: 80% of Nordic payments now contactless

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