As an active partner, PA will work with the Hub to support fintechs, banks, regulators and investors to drive innovation in the Swedish financial services industry. PA will bring its hands-on knowledge and experience on how to innovate and transform the financial services industry.

PA has a strong track record of working with regulators, financial institutions and technology firms across Europe and has helped financial market players develop open banking strategies, respond to the changing payments market, and create shared service utilities. PA has also worked with the UK regulator to design their first innovation hub and sandbox.

Magnus Krusberg, financial services expert and country head for PA Consulting Group in Sweden says: "We believe that the financial services industry is going to transform significantly in the coming years and that Stockholm Fintech Hub will be at the centre of this innovation process. We are very pleased to be part of this very exciting journey alongside the other partners in the hub."

Matthew Argent, CEO of Stockholm Fintech Hub says: "We're really excited to have such a competent partner as PA Consulting on board. Having worked with regulators and banks across Europe, they are bringing exactly the right knowledge set and experience that the Swedish fintech community is eager to take part of. Adding PA Consulting to our list of partners ensures we can continue to build a broad network of expertise, that is so important to the development and evolution of fintech."