SEB has – via its subsidiary SEB Finans AB – signed an agreement to acquire 100 per cent of the shares in the Finnish leasing company ABB Credit Oy (with a balance sheet of €1.2bn according to local statutory annual accounts of 2004) from ABB Oy. The acquisition will strengthen SEB’s overall foothold in the Finnish market and also cement SEB’s position as the leading provider of large leasing financing in Finland. The Finnish branch has been active in equipment leasing and receivables financing since 1999. With a wider range of leasing services, such as sale-lease-back and real-estate leasing, it will be possible to extend the business with SEB’s existing customers in Finland and attract new customers, not least within the mid-sized corporate segment. SEB has some 300 employees in Finland representing SEB Merchant Banking, Enskilda Securities, Gyllenberg Asset Management and Diners Club Finland. SEB has leasing operations in Sweden, Finland, Norway, Denmark, Germany, Lithuania, Estonia, Latvia, Russia, Ukraine, Poland and the UK.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more