We make fintech and the future of finance engaging and easy to understand. Our goal is to bring you unbiased, jargon free, transformational thought leadership that explains what the future of the financial industry means for you.
Making Money Good through Human AI -Guðmundur Kristjánsson (GK), Founder and CEO at Lucinity
The majority of us are unaffected by financial crime, at least not directly. Unless we’ve had our bank accounts hacked, or our identity stolen and used for fraud, it’s unlikely that we would’ve suffered at the hands of money launderers and criminals who cheat the financial system. Yet financial crime and money laundering is a significant and pervasive problem with estimates placing it at around 2 -5 % of the Global GDP! Thats anywhere between 800 billion and 2 trillion USD every year in funds that are used to manufacture and distribute drugs, finance terrorism and human trafficking, amongst many other ailments that affect our societies today
We had the unique opportunity to chat to Guðmundur Kristjánsson, CEO and Founder at Lucinity, an Icelandic company that has grown out of a strong conviction to equip the hardworking individuals fighting financial crime with cutting edge technology. Through teh use of Human AI, Lucinity aims to improve Financial Crime fighting productivity making it more difficult and more expensive for criminals to operate. In this conversation, you'll learn more about how this visionary company employs the best of technology, behavioural insights and human capabilities to supercharge financial crime fighters. Listen to how thanks to Lucinty’s solutions, people at the frontline of anti-money laundering can make decisions in split seconds that would’ve previously taken hours and how Lucinity is enabling collaboration amongst industry players to build resilience against criminals.
Connecting Profitable Companies with Ordinary Investors – Jørund Gjesvik – Managing Director at FundingPartner Norway
Saying that digitalisation has revolutionised financial services is to state the obvious. What’s not so obvious however, is that much has changed about how Financial Institutions have gone about digitalising their services. In hindsight we can see that automating away customer interactions, replacing them with bots and online forms has optimised operations at the expense of distancing customers from their financial service providers.
After an initial wave of "exploratory" digitalisation, the industry has gained tremendous insights that are enabling a next generation of financial services to come to market with technology powered business models that offer new solutions to old and persistent problems. FundingPartner, a fintech that is tackling the problem of dwindling funding for SMEs, is using technology in refreshing new ways to service this traditionally underserved market.
We recently had an enlightening conversation with Jorund Gjesvik, Managing Director of FundingPartner Norway, where he shared how the company is cleverly using technology to automate what customers don’t see, freeing up resources for the meaningful customer interactions that foster trust, loyalty and closer relationships. Learn how FundingPartner’s widespread use of technology has also found profitability in a business model that until recently was not commercially viable and how with a unique mindset, its team is improving the playing field for SMEs across the Nordics. We are certain you will enjoy learning from Jørund’s vision as much as we did while speaking to him.
The Ownership Economy: How Web3 will change the Game for Business and Finance - Taylor Ryan, General Manager of Layer Three Ventures & CEO at Klint
Welcome to the ownership economy where you will be able to capitalize on your existing digital assets in previously unimaginable ways!
Web 3 continues to be the talk of the town as more clarity emerges on how this technological revolution will reshape the way we use and think about the internet. As decentralized models for interaction and transaction between parties continue to take hold, visionaries and innovators are developing the services of the future that will allow us to capitalize our assets in dynamic and exciting new ways. Have some money lying around? sure, you can buy a crypto asset and hold it in your wallet in the hope that it gains value, but through Web3 decentralized finance protocols, you will have the option to place that asset on a liquidity pool, a yield farm or a whole range of brand new exciting services that will change the dynamics of personal and business finance.
In this highly upbeat conversation wtih 6 time crypto and blockchain startup founder and General Manger of Layer Three Ventures Taylor Ryan we go on a exciting rollercoaster ride of what the near term future of payments, money transfer and interaction between people will look like. Learn more about how decentralization will impact ownership of assets, and organizations and how users will finally be rewarded for investing time, attention and data, their most valuable assets, in the development of online platforms.
Web3 offers so much potential that it is set up to become a component as essential to every business model as the internet is today.
Bottling the Magic: Making Fintech Applications that Customers Love - Sverrir Hreiðarsson , Head of Fintech at Kvika (Aur)
How do you reach 1/3 of your addressable local market in 7 years?
Aur, the Icelandic peer to peer and online payment solution has managed to do just that with the characteristic mix of elegance, simplicity and powerful functionality that consistently sets Nordic innovation aside.
One of the most consistent findings that we hear from entrepreneurs and startup founders is that if you want people to adopt your product, you need to make it as simple and frictionless as possible. Aur, which was recently acquired by Reykjavik headquartered Kvika bank has not only captured 1/3 of the Icelandic market with its smooth-as-butter payment experience, but it’s done so leveraging the power of networks, where one in five users are referred by other users.
We recently had the opportunity to sit down with Sverrir Hreiðarsson, Head of Fintech at Kvika to talk about how new payment solutions that are able to offer security, ease of use and convenience to customers, can experience exponential adoption amongst its user base. Learn how Aur has established itself a the go to solution for peer to peer payments via mobile phone number, amongst users and how through the introduction of Buy Now Pay Later services with a twist it continues to delight users who are not only able to gain access to interest free instalment payments, but that can also access better prices on physical stores as consumers avoid paying with credit. This is another great example of Nordic innovation setting new standards of how finance could be done, without riddling customers with complexity.
Building a Global Equity Funding and Trading Platform from Estonia, The Startup Nation - Kaidi Ruusalepp, CEO & Founder of Funderbeam
For many years Estonia has quietly but steadily built a name for itself in the startup world. With its 10 Unicorns, and its astounding 1 unicorn for every 130,000 inhabitants this small but extremely progressive nation is now capturing the attention of the world. Nordic Fintech Magazine recently traveled to the wonderful capital city of Tallinn to try to puzzle together what makes Estonia the Startup Nation.
And who better to start with in our quest to uncover the ingredients of Estonia’s entrepreneurial concoction than Kaidi Ruusalepp, who is not only CEO and Founder of the Global Equity and Trading Platform Funderbeam, but also President of the Estonian Founders Society and advisor to the President of Estonia Mr. Alar Karis on digital and technology matters. In this fascinating conversation with Kaidi we talk about her entrepreneurial journey, the unique value proposition that Funderbeam creates with its liquidity market for secondaries, and some of the unique cultural traits and attributes that have propelled Estonia into Startup Stardom.
Listen to how Estonian success cases like Skype, Playtech and Wise have combined a duty for nourishment of their ecosystem with investment and global tech sector knowhow to create second and third generations of startups that have chosen Estonia as their base to scale globally. If Estonia has not been in your radar, that’s about to change.
Developing Digital Insurance Products for the Next Generation - Sophie M. Bohr Grøenbæk - CEO & Co-Founder at Undo
What is the best way to solve the problem of hidden fees in insurance? Simple, get rid of fees altogether.
Exciting changes are happening in the insurance space. An industry that traditionally has been very analogue and opaque is reinventing itself through digitalisation, creating simpler, more accessible customer experiences and rethinking customers needs when it comes to protecting themselves against risks.
We recently had the chance to sit down with Sophie Bohr Groenbaek , CEO and Cofounder at Undo. Sophie has a very interesting background. as A Neuro biologist previously working in consulting, and with no prior Insurance experience, she was able to approach the industry with a fresh pair of eyes. In this revealing chat with Sophie we hear about how she and her cofounders built an insurance company from scratch going back to first principles and trying to understand what it was that customers, especially younger ones, were looking for when buying insurance. Their findings resulted in a brand new value proposition that challenged the traditional insurance business model by removing fees, enabling customers to build their own insurance packages and allowing policy holders to change their coverage as their needs changed: when on holiday, when skiing, when cycling or when staying at home.
Hear about how Sophie’s mind has been attuned to seek for opportunities for new insurance products everywhere as our lives become more complex and we undertake new risks in our digital lives, our investments, and even significant live events.
This approach to insurance based on flexibility, transparency and fairness will leave you wondering whether your insurer is the best choice for you.