Nordiska aims to create a pan-European financial solutions group
Press release issued by Nordiska Kreditmarknadsaktiebolaget (publ)
Nordiska Kreditmarknadsaktiebolaget (publ) (Nasdaq Stockholm: NOKRE001) (“Nordiska”) announces that it aims to combine Swiss Bankers and Omnio with Nordiska to create a pan-European financial solutions group.
Swiss Bankers is the market leader in prepaid cards in Switzerland, provides innovative, deposit-based payment products, and offers solutions in cashless, globally secure payment transactions. As of 30 June 2022, Swiss Bankers, which holds a banking licence, had total assets of approximately CHF 390m.
Omnio is an embedded finance business that integrates retail financial services and loyalty and rewards within other ecosystems for non-banks and banks active in the UK, Ireland and Italy. Omnio, via its cloud based core platform, combines Banking-as-a-Service with API-driven banking and payments services to build financial products without any hassle to clients (banks and large corporations). Omnio serves over 300,000 clients via more than 20 financial and non-financial institutions.
As part of the transaction, DDM Group (“DDM”) will invest approximately SEK 450m to SEK 550m and thus strengthen Nordiska’s regulatory capital whilst becoming the largest shareholder.
Nordiska is committed to enhancing the customer service provided to its customers and maintaining the excellent service provided to Swiss Bankers customers.
The transactions are subject to certain conditions including regulatory approvals.
This information is of the type that Nordiska Kreditmarknadsaktiebolaget (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 18.00 CET on 4 October 2022.
For more information, please visit Nordiska’s website at www.nordiska.se or contact:
Mikael Gellbäck, Chief Executive Officer
Tel: +46 8 23 28 00
Nordiska Kreditmarknadsaktiebolaget (publ) (Nasdaq Stockholm: NOKRE001) is a credit institution offering deposit accounts at market leading rates, as well as flexible and tailored debt and financing arrangements to private individuals and companies. Moreover, Nordiska’s partner offering gives partners the opportunity to provide their customers with in-house financial services. This is achieved with the help of Nordiska’s technically modern and cloud-based platform and APIs.