S-Banken’s online securities brokerage customers in Finland move to Nordnet

Maria Nikolova

Customers from S-Banken will start investing through Nordnet’s platform in April 2020.

S-Banken and Nordnet have earlier this week unveiled an agreement whereby S-Banken’s online securities brokerage customer base in Finland is moving to Nordnet. Customers from S-Banken are set to commence investing through Nordnet’s platform in April 2020.

S-Banken offers services under two brands: Saving and investing services to retail customers are offered under the S-Banken brand. Under the FIM brand, the bank offers private banking services as well as services for institutional investors.

Under the cooperation agreement, S-Banken will discontinue S-Osakekauppa and FIM Direct Online services and custody services. At the same time, Nordnet will start offering several new mutual FIM funds to its customers in both Finland and Sweden.

Lars-Åke Norling, CEO at Nordnet, commented:

“Nordnet is one of the strongest brands in Finland within savings and investments, and through this co-operation we will strengthen our position even further. I would like to say a warm welcome to the new customers from S-Banken. Our whole team will do its best to give them excellent service from day one.”

“Nordnet is an excellent partner, since it’s known as the favorite broker for private investors. Our brokerage customers will get a new home with Nordnet, where they for instance will be able to open the new equity savings account. S-Banken’s focus will be on developing asset management services for both beginners in savings as well as more advanced investors,” says Hanna Porkka, Head of Wealth Management at S-Banken.

Read this next

Digital Assets

US, UK probe $20 billion Tether transfers tied to Russian exchange.

U.S. and UK authorities are investigating the movement of $20 billion in the USD-pegged stablecoin tether (USDT) through Moscow-based exchange Garantex.

Digital Assets

BlockDAG Presale Raises $9.9M as Batch 5 Nears Sell-Out Amid Bonk’s Fluctuating Trading Volume & Spell’s Bullish Price

Explore BONK’s trading volume, SPELL’s market shifts, and why BlockDAG’s 10,000 ROI makes it an ideal crypto for savvy investors in 2024.

Digital Assets

Bybit expands into Europe amid regulatory scrutiny

Dubai-based cryptocurrency exchange Bybit is expanding its operations in Europe after encountering regulatory challenges in Hong Kong.

Digital Assets

Cathie Wood’s sponsored Bitcoin ETF sees historic $200 million inflows

The ARK 21Shares Bitcoin ETF (ARKB), co-sponsored by Cathie Wood’s ARK Invest, registered historic inflows exceeding $200 million on Wednesday, signaling a robust appetite among investors for Bitcoin-centric investments.

Digital Assets

Sam Bankman-Fried might see his 25-year sentence halved

Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, was sentenced to 25 years in federal prison by a Manhattan court on Thursday. This comes after he was convicted of defrauding customers and investors, with Judge Lewis Kaplan highlighting the potential future risks posed by Bankman-Fried.

Technical Analysis

EURJPY Technical Analysis Report 28 March, 2024

EURJPY currency pair under the bearish pressure after the pair reversed down from the major resistance level 164.25, which also stopped the sharp weekly uptrend at the end of last year,

Digital Assets

BlockDAG’s Presale Hits $9.9M, MultiversX & MINA Price Predictions Show Green

Read about BlockDAG’s promising $10 prediction and insights on MultiversX Price Prediction as MINA’s potential unfolds.

Digital Assets

Rockstar Co-Founder and All-star Line Up Join Advisory Board to Take Metacade into Post Beta Orbit

Metacade, the revolutionary Web3 gaming platform, prepares to streak out of beta with a slew of ground-breaking initiatives that will redefine the way blockchain games are developed.

Retail FX

Prop firm The Funded Trader shuts down, claims relaunch in April

Prop trading firm The Funded Trader has ceased all operations, with claims for a relaunch in the near future.

<