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February-April 2017

Top fintech trends in Sweden in 2017

Sweden has grown into one of Europe’s major fintech hotspots, with Stockholm-based payments companies Klarna (valued at $2.25bn) and iZettle ($500bn) leading the way. TechEU’s 2015 fintech study placed the Nordic country third behind the UK and Germany for the amount of fintech investment, while the Nordic Web reveals that almost two in every three fintech investments in the Nordics in the past two years were made in Sweden. But what do Swedish fintech trends look like for 2017? Computer Weekly spoke to both established players and fintech startups in the country to find out. As the implementation of the EU’s new payment regulation – the revised Payment Services Directive (PSD2) – looms in January 2018, Ewan MacLeod, chief digital officer at Nordea bank, said preparing for it would be a top priority for all organisations in the financial industry, both in Sweden and across Europe. The goal of the new directive is to level the competitive playing field, make payment services more secure and promote innovation. Key to these plans ...

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