The Nordic region’s six major banks – Danske Bank, DNB, Nordea, SEB, Handelsbanken and Swedbank – announced on Friday that they have formed a company to develop a platform for the management of Know Your Customer (KYC) data. The European Commission has given its approval in accordance with the EU merger control rules.
The banks will pool KYC checks initially for their large and medium-sized Nordic-based companies and begin offering commercial services from next year.
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