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NextGen Nordics Conference: Shaping the Future of Payments in the Region
As we gear up for the NextGen Nordics conference on April 27, 2022, we are pleased to present a comprehensive overview of significant stories emerging from the Nordic region. This conference will serve as a platform for advancing innovation in payments across Denmark, Finland, Iceland, Norway, and Sweden.
NextGen Nordics aims to unite various stakeholders, including the banking sector, central banks, governmental bodies, and business representatives, to foster dialogue on the benefits of emerging technologies. Participants will gain practical insights into how to leverage these innovations in the Nordic landscape. Register for the event here.
Loopfront Experiences User Surge
Norwegian startup Loopfront, dedicated to promoting a circular economy, has witnessed a remarkable 300% increase in its user base since completing its seed funding round in late 2021. The company secured $6 million, with ProVenture leading the investment, alongside contributions from Wiski Capital and Aidiom. Loopfront, which addresses the environmental challenges within the real estate and construction sectors, now has active users spanning Norway, Sweden, and Germany. Moreover, the company has partnered with Adda AB in Sweden, coinciding with the launch of an updated version of its platform, while expanding its business model to offer subscription services for companies wishing to utilize Loopfront’s data.
Danske Bank Trials Quantum Communication
In an exciting development for IT security, researchers from the Technical University of Denmark (DTU) recently achieved a milestone by testing quantum communication for data transfers at Danske Bank. This project, conducted in collaboration with KPMG, successfully transmitted data between two bank computers simulating data centers. This event marks the first application of quantum key-secured data transfer outside a laboratory in the Nordic region, utilizing continuous variable quantum key distribution (CV-QKD) technology developed at DTU.
Airpay Digital Partners with Enfuce
Finnish firms Airpay and Enfuce have announced a partnership enabling Airpay to process Visa card payments. Utilizing Enfuce’s payment platform, Airpay plans to offer smart business cards equipped with automated bookkeeping features. With a Visa license in hand, Airpay aims to complete its payment offerings through Enfuce’s comprehensive service package.
Freetrade Secures Launch Approval in Sweden
Freetrade has received authorization from Finansinspektionen to launch its services for Swedish retail investors. This approval comes following significant growth, as the company now boasts 1.2 million users in the UK and over £1 billion in assets under administration. Prior to a public rollout, Freetrade will conduct a closed beta for individuals already on a waitlist.
Rocker Introduces Biometric Payment Cards
Innovative Swedish bank challenger Rocker is set to launch Rocker Touch, a biometric payments card, in collaboration with IDEMIA and IDEX Biometrics. With this initiative, Rocker becomes the first institution in Sweden to offer biometric payment technology, enhancing security and user convenience.
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