Sweden is the famous home to several infamous tech giants and unicorns such as iZettle, Bambora and Spotify. It is also very well known for ranking very highly when it comes to gender equality. Yet, for some reason, there is a mismatch between these two facts and in fields such as FinTech women are still greatly under-represented. A 2018 FinTech report by Stockholm School of Economics found only 38% of employees in the FinTech sector in Stockholm are women.
For the second consecutive year, the Financial Times has recognised us as one of the fastest growing companies in Europe. This year we have advanced from 3rd place to 2nd within the FinTech category in Sweden.
Topics: Instantor News
Here at Instantor, we’re all about making our service (even) easier for our customers. Over the last 8 years, we’ve been lucky to grow to different parts of the world. And while we’re humbled by the customers who’ve chosen to join us over the years, we are always on the lookout for how we can make the Instantor experience even better.
What does it mean to be a part of something bigger? To us, it means working together as a team towards one mutual goal. In our case, that goal is to allow financial organisations to help more, at less risk.
On our quest towards financial inclusion, occasionally we encounter certain challenges – challenges that are sometimes resolved by the fact that we are such a diverse and multicultural team, and sometimes caused by it.
Topics: Instantor News
Our latest solution, Instant Access, gives you the power to analyse transactional data through PSD2. This data is used to digitalise credit risk processes – without requiring you to invest in any tech resources or spend any time on system integration. Moneyveo is the first lender in the Ukrainian market to use this solution and our very first partner in Ukraine.
We were asked to give a talk at Almi HQ in Stockholm, where a banking delegation was taking place with CEO’s of venture firms and startups from all over Europe. The idea was for us to represent a northern perspective of the tech-sector, with ‘digitalisation’ as the theme. Here at Instantor, we take pride in being a part of supporting the tech-community to grow, share knowledge and challenge one another. In other words, that was of course something we were happy to do.
We're proud to announce we’ve been approved to operate as an Account Information Service Provider (AISP) in Sweden, by the Swedish FSA (Finansinspektionen). We’re the first authorised AISP FinTech in the country, allowing us to build and provide better and even more relevant services.
The Swedish FSA's approval means we can continue developing products that support consumers to prove their true financial capacity. We see it as an important step in helping the financing industry to digitise its processes, as well as a significant step for the future of our company.
Image Credit: Hanson Lu
Since the 2008 financial crisis, the banking landscape has undergone a seismic shift to a new age of innovation and digital transformation, marked by the advent of FinTechs companies. By observing and often experiencing first-hand what banks offer – or do not offer – these new entrants have targeted what consumers perceive as the failings of banks to capture significant market shares.
6% of global consumers have shifted their primary banking relationship from traditional banks to newer companies with better technologies and simpler products. This percentage is on track for continued growth. In 2015, one in seven digitally active consumers was using FinTech. In just two years, that number has risen to one in three. The banking landscape is fast moving from an era in which a handful of big banks dominated global markets. This is a significant shift in the banking landscape: one that’s driven by radical changes in consumer preferences and underpinned in part by a generational gap.
Image Credit: Fineas Anton
2018 has been a fantastic year for Swedish startups. In the past 8 months alone, Stockholm has given birth to 3 new unicorns, and has been home to some of the world's biggest tech exits, including the $29B IPO of home-grown Spotify in April.
Here at the Instantor Zagreb office, the working environment is hugely important to us. We realise that behind every great business is a team of happy people, and it is our responsibility as an innovative company to make that happen. Our culture is centred around a shared set of beliefs, values, and practices. By having a great environment we can attract and retain the best talent, and importantly, have fun while doing it! A happy culture leads to pleased customers and to satisfied employees in return; it’s at the heart of everything we do.
Topics: Instantor News