Tag: Denmark

The Danske Bank money laundering scandal has taken another turn. The Estonian prosecutor expanded their investigation into transfers worth $2bn that were made through the Danish bank.

Most banks in Denmark will be ready for PSD2 by its implementation date, although the quality of the APIs will be debated – and there are concerns around the readiness for Strong Customer Authentication (SCA), according to Tobias Thygesen director of FinTech, payment services and governance division at Finanstilsynet.

The European Securities and Markets Authority (ESMA) has amended its enforcement of Nordea Bank, Svenska Handelsbanken, SEB and Swedbank following a decision by the Board of Appeal of the European Supervisory Authorities (BoA).

Six major banks in the Nordics have reportedly come together to improve customer checking and tackle money laundering.

The European Banking Authority (EBA) has opened an investigation into a breach of Union law by the Estonian Financial Services Authority and the Danish Financial Services Authority.

Denmark’s government is reportedly looking to implement changes to how close its financial regulator gets with banks it supervises.

Nordea has extended its open initiative to Sweden, enabling third party developers access to customer data via APIs.

With Danske bank currently embroiled in a money laundering scandal, Denmark is reportedly looking to increase fines with new legislation.

Templafy, a Danish template management software company, has closed a $17.2m Series B round.

Danish card and expenses management platform Cardlay has picked up $4m from undisclosed private investors.