FX automation is no longer a luxury, it’s a strategic necessity, says Nordea. Some finance professionals and treasurers have had doubts about giving up control with automation, its complexity, or how it meshes with their own roles. However, when implemented strategically, automation have improved efficiency and reduced risks while freeing up scarce time.
In this podcast, Matti issues practical advice on getting started with the transformation to automation.
Click below to listen:
Local contacts:
Sweden: markets.se@nordea.com
Denmark: markets.dk@nordea.com
Norway: markets.no@nordea.com
Digital FX Fintech at Nordea
The Nordic banks are at the forefront of the digitalisation of the financial industry. As a leading Nordic bank, its no surprise that Nordea shows its credentials strongly in this area.
Matti Honkanen leads Nordea’s nexGen FX, a cross-competence software development team which is responsible for Nordea’s new digital FX solutions.
Digitisation has yet a long way to go though: In the narrow sense the word is mainstream, i.e. users do trading in digital interfaces. However, the enhanced role of digital solutions is growing at a fast pace; taking over the repetitive and menial tasks, and leaving more time for brain work at treasuries and banks. Matti lends perspective about where these trends currently are and highlights some obstacles to be cleared.
Digitisation has yet a long way to go though: In the narrow sense the word is mainstream, i.e. users do trading in digital interfaces. However, the enhanced role of digital solutions is growing at a fast pace; taking over the repetitive and menial tasks, and leaving more time for brain work at treasuries and banks. Matti lends perspective about where these trends currently are and highlights some obstacles to be cleared.
Larry Levy interviewed Matti about digitisation in FX – focusing on the following topics:
- What does digital transformation actually mean?
- What will the implications be for bankers & treasurers?
- How will it change the nature of FX banking services?
- What are the implications for the competitive landscape?
- Is platformisation taking place in banking – and how?
- Hype around the digital and crypto currencies: Is this relevant for corporates?
Click below to listen: