The collaboration of six Nordic banks results in a joint KYC company
Press releaseStockholm 5 July 2019 The collaboration of six Nordic banks results in a joint KYC company Danske Bank A/S, DNB Bank ASA, Nordea Bank Abp, Skandinaviska Enskilda Banken AB (publ), Svenska Handelsbanken AB (publ) and Swedbank AB (publ) are moving forward and have established a joint venture company to develop a platform for handling KYC (Know Your Customer) data. The European Commission has given its approval in accordance with the EU merger control rules. The joint venture company is preparing for its first commercial launch in 2020. The company is autonomous and