In October 2017, shareholders of the Saxo Bank Group ("Saxo”) announced an offer received from Geely Financials Denmark A/S, a subsidiary of Geely Holding Group, to acquire a majority stake in Saxo Bank. At the same time, Sampo, a leading Nordic financial services group, made an offer to acquire a 19.9 percent interest in the Bank.

Yolt, the smart thinking money app, has announced its latest partnership with smart independent life insurance adviser, Anorak. Yolt and Anorak are aligned in their missions to empower users to take control and make better money decisions - making finances and life insurance more accessible. Connecting Anorak to the Yolt platform means that users now have access to Anorak’s personalised, transparent, impartial and regulated life insurance advice in minutes.

Nordea takes a major step by extending Open Banking to Sweden. This gives developers the possibility to begin building applications designed for both Finnish and Swedish customers. “We see open banking as a huge opportunity to create better financial solutions”, says Casper von Koskull, CEO of Nordea.

Profile Software, an international financial solutions provider, announced today that it supports the proceedings of the UK Finance Digital Innovation Summit, taking place on 18 September 2018 in CodeNode, London, to showcase the latest developments in its award-winning Banking and Investment Management solutions.

SDL (LSE: SDL), a leader in global content management, translation and digital experience, today announced a strategic partnership with Alibaba Cloud, the cloud computing arm of Alibaba Group, to launch a co-developed solution designed to help global brands launch and grow their digital business across the China and Asia markets.

Despite the view that MiFID II is a European regulation, US investment managers are experiencing disruption as they align their research payment and execution practices with the influential standard.

While MiFID II went into force on Jan. 3, 2018, US money managers of all types and sizes anticipate that MiFID II will influence their businesses, not just this year, but over the next year or two, according to a recent Tabb Group webinar.

 Advanced is working with HMRC to support the success of Making Tax Digital (MTD), a key part of the government’s plans for the digital transformation of the tax system. Advanced’s innovative new Business Tax Portal will make it easier and more efficient for individuals, businesses and charities to get their tax right, helping them to automate the new online processing requirements, saving both time and eradicating errors.

Regulatory relief for mid-size banks in the US is here– and it’s a potential game changer when it comes to implementing the right regulatory reporting IT systems. With that in mind the nation’s banks would be well advised to adopt an integrated regulatory compliance and reporting program. We caught up with Linda Jamison, Product Manager Regulatory Reporting for the Americas, at Wolters Kluwer’s Finance, Risk & Reporting business to find out how banks need to adapt their approach.

SF Holdings Company Plc, parent of MCC SimpleFinance LLC (“SimpleFinance” or the “Company”), a fintech platform providing accessible lending to small and medium-sized Russian businesses, has completed a USD 15 million equity fundraising round with an investment from the SBI Group (“SBI”).