(STOCKHOLM)

A major Nordic bank has announced it is joining the Stockholm Fintech Hub to work more closely with innovative startups.

Nordea Bank AB is partnering with the initiative to develop collaborations with young fintech companies.

Ewan Macleod, Head of Digital at Nordea, said: “It is critical for us to be where innovation is happening. As a big bank, we are constantly forced to hit the ground running so we can develop the right technologies and the right services for our customer quickly. What we’re realising is that we don’t have to do this alone; there is an emerging financial services ecosystem we can tap into.”

He continued: “The potential services that will be generated for customers is unknown, but that’s what makes this so exciting. As a part of the new financial ecosystem, Nordea is part of a new dynamic that will breathe fresh life into the fixed ideas we and society have of banks and banking in general.”

The hub is a centre of fintech innovation in Sweden – and globally, with major international links.

“One of the reasons we are here at the Stockholm Fintech Hub is that it underpins Nordea’s code of conduct and approach to ethical, sustainable financial services. We are open, because we want to walk the talk and have the right conversations with all kinds of organisations, not just the classical fintech. This includes regulators, NGOs, and the wider ecosystem. I think it’s really important that we are here to ‘listen’ to contribute to see what we can all do to benefit a greater good.” added Macleod.