Sweden's Skandinaviska Enskilda Banken, popularly called SEB, is more known for its IT prowess and innovations than for its operations as a bank. Use of technology and the fruits of innovation are very much the DNA of the 160-year-old institution. It has been a pioneer in design thinking and in the use of methods like Service Design and UX Design.
SEB had set up an Innovation Lab in 2015 to encourage its employees to discuss and implement their ideas and create new solutions. It also conducts hackathons on different topics and propels its employees to challenge traditional methods and evolve newer and more effective solutions. This no doubt brings in ultimate benefit to the bank's customers. One key area where the bank has been proactive is to help its customer corporates to evolve innovative financing solutions - green bonds and microfinance funding, for example.
SEB offers corporate, retail and SME banking services. As part of the corporate and institutional banking, it has products in life insurance, pensions, shipping and real estate financing, transaction services, capital markets, investment banking, asset management, venture capital and investor services. The retail and SME banking segment includes savings, lending, digital services, exchange and finance, overseas services and wealth management. It reaches its customers through a network of branches, ATMs and online portals.
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Denne historien er fra January 2025-utgaven av Banking Frontiers.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Excelling by partnering with Fenergo, SBS, Aurai, Avanade & others
The Netherlands-based NIBC Bank defines itself as an entrepreneurial asset financier for companies and individuals, having funded private housing ventures, rental property, commercial real estate, infrastructure and cars and claims it makes a difference for its clients through long-term relationships based on knowledge and expertise.
Drive by Connectivity, Automation & Analytics: SEB
Skandinaviska Enskilda Banken, or SEB, promotes digitization as much as it operates as an established bank:
Afterhour Passions
Professional success is often shaped by what a person does afterhours. Let us look at a few such people and what hobbies recharge their body, mind and spirit:
A colossal rise in agri credit
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The Future of Cybersecurity: Balancing AI & Human Expertise
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Banking Frontiers organized its annual Frontiers in Cooperative Banking Awards and Conference in Lucknow in October where stalwarts from the sector shared insights into progress achieved and gave guidance on the road ahead.
Magma HDI & Mahindra Finance collaborate to expand insurance access nationwide
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AI for underwriting, personalization, claims & more
Sunil Jain, Chief Digital Technology Officer, Pramerica Life Insurance:
IoT & Chatbots - a rich data trove
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In the January 2024 issue of Banking Frontiers, Gyanendra Singh, CTO of Aviva India, had shared about how the company excels at RPA through governancebased implementation and pragmatic vendor selection. He shares more initiatives since then:
