The Nordic financial landscape is no stranger to FinTech-powered disruptive technologies and innovations. As per a Deloitte report on the Nordic FinTech ecosystem, the region has seven banks, each with balance sheets exceeding EUR 100 billion, indicating the tremendous growth potential of the region. The underlying statistics and scope for scalability imply a rapid influx of FinTech players in the Nordic financial ecosystem even though incumbent stakeholders are overwhelmed by sluggish economic growth and fast-changing regulatory norms. The factors dampening the traditional financial ecosystem are, in fact, lending a helping hand to disruptive FinTech players that are making the most of a dynamic financial landscape in the Nordic region, especially Sweden.
