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Open banking and ERPs

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This week: 🧐 Open banking for SMBs. 🔀 ERP and banks merging? 🔁 Banks also merging? 💰 Savings g
 

This week in fintech

November 30 · Issue #38 · View online
A weekly summary of the latest news in our world of finance, design, and technology.

This week: 🧐 Open banking for SMBs. 🔀 ERP and banks merging? 🔁 Banks also merging? 💰 Savings growing 🧑‍💻 Fintech in Norway and the sky 🤓 COBOL is never the problem

In design, it’s crucial to iterate and try out new ideas and formats continually. Why should it be different for a newsletter? This week we’re trying out a new format. Just give your feedback at the bottom with 👍 and 👎 to influence our newsletter moving on. If it helps, I’m not too sure myself 😅.
🧐 Open banking for SMBs
In the last few weeks, we’ve talked a lot about PSD2 and why the banks do not provide the data they are required to. This is not only a problem in the private market but also for B2B payments. Is it possible that the Financial Supervisory Authority doesn’t have expertise regarding API’s or insufficient capacity to follow up on this? It is quite worrisome that fintechs can’t launch their products because they rely on banks following regulations they don’t prioritize.
Ztl asks the Financial supervisory Authority to clean up
Nordic API Gateway providing a shortcut to open banking
🔀 ERP and banks merging?
We’ve long talked about ERPs and corporate banks merging, and this week we saw the first massive step towards this in Norway:
DNB and Sparebank 1 buys a majority part of ERP-company Uni Micro
Sbanken is moving into the accounting systems
🔁 Banks also merging?
Merger among savings banks?
💰 Savings growing
One market that has grown massively over the last few years is savings. With fintech-initiatives like Kron, Dreams, and Spiff, crowdfunding solutions like Dealflow and Monner, as well as established banks initiatives like Spare and Min Sparing. Now the Sparebank 1 group are also going all in on savings:
The SpareBank 1-group is establishing a new company to invest in savings
New EU regulations will change Norwegian crowdfunding
Male dominance in crowdfunding
Speaking of gender balance: The CEO in Sbanken strongly apologizes for his discriminatory statements a few weeks ago. He stated that “the talent base in Bergen is a bit limited” when he explained why the new management team in Sbanken consisted of only one woman and seven men. Sbanken has a goal that by the end of next year, the gender balance will be 40/60 on the management level and in other committees in the bank.
🧑‍💻 Fintech in Norway and the sky
Fintech in Norway anno 2020 Fintech in Norway anno 2020
Stripes unusual plan to suck carbon out of the sky
🤓 COBOL is never the problem
In April, we wrote about New Jersey having a problem with the state’s unemployment system built on COBOL. This week’s long read is a follow up on this case with an exciting twist. 
Built to Last Built to Last
🙏 Please don't keep it a secret!
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Marius Hauken, partner Stacc X 
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