Transaction banking

Catch up with the hottest subjects impacting the fast evolving and rapidly developing area of transaction banking. Topics include cash management, trade, payments, working capital, liquidity management, digitalisation, e-commerce, mobile payments, cards, emerging technology and much more. Stay informed on the latest developments in the TxB space and find out how they impact people and companies in the Nordics and beyond.

Containership on the sea

Trade finance

Unlocking opportunities: Working capital offering fuels international trade

A new working capital solution from Nordea allows companies to bridge gaps in the trade cycle by extending credit from the production or purchase of goods to the final sale. The key benefits include improved working capital, flexibility and global reach.

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Kirsi Wiitala, Head of Nordea Transaction Banking

Transaction banking

Nordea ranked best Cash Management bank in the Nordics

Kantar Prospera has announced the results for the yearly Transaction Banking surveys. Nordea Cash Management ranks as the best Cash Management bank in the Nordics, when 300 organisations are surveyed on how satisfied they are with their banks’ delivery in the field.

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Businessman examining documents at desk

Transaction banking

Real-time e-receipts are the future of purchasing

Residential housing development company JM was struggling with the volume of paper receipts its staff processed every month. By shifting to e-receipts, provided by Kwick Expense and its partner bank Nordea, JM was able to simplify its invoice processing and minimise the risk of lost receipts.

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Business man standing in front of a virtual globe and while holding his phone

Podcast

Podcast: BAFT – 100 years of bringing the financial community closer

The Banker’s Association for Finance and Trade, better known as BAFT, is a global association for organisations engaged in transaction banking around the world. With a 100 year track record of bringing change through dialogue and collaboration, BAFT is a key meeting place for the financial community and its suppliers, helping to shape market practices, provide education and deliver global advocacy.

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Happy man pushing baby carriage on the street in city

Corporate insights

Formula for success: Nordea helps baby product maker Twistshake go global

By taking an innovative approach to the design and marketing of baby products, Twistshake has become a Nordic success story, exporting to markets all over the world. As Twistshake’s trade and working capital needs became more complex, Nordea’s Trade Solutions team were on hand to provide advice and solutions to optimise liquidity management and ensure continued success.

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Making payments at restaurant

Insights

What will payments look like in a post-pandemic world?

It’s no secret that the COVID-19 pandemic resulted in changes in almost every aspect of our lives. One of the most notable changes was the level of digitalisation and development that has happened in just 2 years. It’s safe to say that payments and purchasing behaviours weren’t left untouched – ecommerce and the adoption of new payment methods also saw a significant increase.

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Man on phone

Insights

Preparing the way for P27 in Sweden

P27 aims to establish the world’s first integrated region for domestic and cross-border payments in multiple currencies through an open-access, common payments infrastructure for the Nordic region. Once P27 becomes fully operational, banks will be able to offer their customers standardised products and services across the Nordics. In Sweden, preparations are well underway to make sure businesses and consumers can benefit from the changes ahead.

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Coloured candles

Trade finance

Nordea voted number 1 in the Nordics in Prospera’s Trade Finance customer survey

Nordea’s Trade Solutions team has moved into top spot in this year’s Prospera customer satisfaction survey for Trade Finance related services. Following a series of interviews with Nordic organisations conducted by the Prospera team, Nordea’s overall performance was ranked the highest.

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Co-workers working together at a table

Insights

Defining the future of digital financial services

For over 20 years the global industry association Mobey Forum has been empowering banks and financial institutions to shape the future of digital financial services. During that time the forum’s focus has expanded from the early years of mobile payments to a whole range of data related subjects from privacy enhancing technology to the Internet of Things. Assessing the evolution of the Mobey Forum’s focus areas shines a spotlight on the developing path of technological innovation in digital banking.

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Climber on mountain reaching out to help another climber

Insights

The future role of banks – Finding new areas to stay relevant for society’s trusted pair of hands

2022 promises to be another year of turbo charged change in finance and technology. For banks facing an ever shifting environment driven by digitalisation, regulations, new players, standardisation initiatives and technical innovation, understanding where to stay relevant remains a key objective. Erik Zingmark, Head of Transaction Banking at Nordea, and Ville Sointu, Head of Emerging Technology at Nordea, met to discuss the exciting possibilities for banks that lie ahead.

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RaskRask Bicycle

Insights

Nordea’s Instant Reporting API helps RaskRask stay in great shape

‘Rask’ means healthy in Danish and the health and wellness company RaskRask has certainly seen healthy growth in recent years. With a rapidly increasing volume of bookings, RaskRask needed to automate their processes for reconciling incoming payments. Nordea’s Instant Reporting API was on hand to help the company reduce manual processes and offer more flexibility and less administration for customers and partners.

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Driverless Digger

Insights

An EaaS-y answer to reducing capital expenditure?

At Nordea's Offline to Online event, the topic of service based business models was on the agenda. Equipment-as-a-Service (EaaS) relates to a whole range of equipment that is used on a “pay as you go” basis rather than by purchasing and owning the machine itself. As technology and the ability to monitor equipment usage rapidly evolves, EaaS presents opportunities and challenges for customers, manufacturers, banks and insurers alike.

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