Metsä Group – A continuous journey to operational excellence
Forest industry company Metsä Group has spent more than a decade centralising its finance operations. Today, Metsä Group is showing the way towards an advanced treasury function and in-house bank, with on-behalf payments and collections.
Corporates will see benefits from Open Banking
This March, Nordea released the first version of its Open Banking portal targeted towards external developers, innovative third parties and fintechs. The benefits from this move will hopefully reach all segments, including corporates and their treasury and finance departments.
Transforming trade finance, one message at a time
Many are betting on blockchain to transform the world of trade finance – but its full impact will be years away, and multibanked corporates are facing complex challenges that won’t wait. We talked to Nokia and SWIFT about what corporates can do to drive improvements today, and the critical role that digital messaging standards are already playing.
Nordea's Economic Outlook Spring 2017
Inflation is back on track around the globe, but is it here to stay, and what about in the Nordics?
Read more below in our latest issue of Nordea Economic Outlook, an overview of the Nordic and global economies, including economic forecasts and risk scenarios written by our chief economists.
Are you ready for a Payments Revolution?
Mapping the future of trade finance
2Mapping the future of trade finance.
How Nordic Waterproofing freed €7 million in liquidity
By partnering with Nordea to create a flexible cash management system, Nordic Waterproofing freed up €7 million of trapped liquidity and reduced annual interest costs by over €300,000, making sure it was fighting fit for its IPO in early 2016.
PSD2 and Open Banking – changing the payment landscape
The revised Payment Services Directive, PSD2, will enter into EU law on 13 January 2018. PSD2 is one of the main drivers of the ongoing developments and change in the payment market. Together with technology evolution, innovation, new entrants and demand for real-time experience, PSD2 is contributing to changes both in services and infrastructure.
Nordea views this development as a great opportunity to innovate and collaborate in order to create better solutions and services to meet customer needs. One way we are facilitating this is by initiating a project focusing on PSD2 and Open Banking, which will be rolled out during 2017.
Five ways treasurers can improve payments and collections
The payments industry is one of the most dynamic areas of financial services. For treasurers and finance managers, understanding the opportunities to pay and receive cash more quickly, securely and predictably is key to building robust, flexible supply chains and boosting competitive advantage.
The short article below is an excerpt from our pioneering new report “Future of Payments”, which draws on the results of a survey amongst 60 Nordea clients across all major industry segments, with expert insights from a variety of customers, industry participants and Nordea executives.
Risk, rules and regulation – the Russian reality?
For Nordic companies with subsidiaries in Russia, even the most basic of cash management procedures can become highly complex and intricate due to regulations, taxation law and compliance. Having the right support and information is essential for mitigating risk and adhering to regulation.
We spoke with Alina Burykina, Head of Cash Management Solutions in Nordea Russia, to uncover the main challenges facing customers with interests in Russia – and how proper knowledge and preparation can pay off.