New step taken towards a common KYC infrastructure
In May, leading Nordic banks DNB Bank ASA, Danske Bank A/S, Nordea Bank AB (publ), Svenska Handelsbanken AB (publ) and Skandinaviska Enskilda Banken AB (publ) announced that they would jointly explore the possible establishment of a Nordic infrastructure for the Know Your Customer (KYC) process. Now, Swedbank AB (publ) has also joined the initiative."The initiative is progressing according to plan and we are moving towards our ambition of a common Nordic KYC infrastructure. Swedbank joining has made the initiative even stronger and completes the group of founding banks" says Fredrik Millde,