Regnology, a German RegTech company, sets to acquire the Financial Risk and Regulatory Reporting (FRR) unit of Wolters Kluwer.
Porsche is set to revolutionise its credit card services in Switzerland, partnering with Scandinavian fintech firms Enfuce and Nordiska. The new partnership, commencing this autumn, will see the transition from the current arrangement with Germany's DKB, a subsidiary of BayernLB.
The move marks a strategic shift towards modernising and managing credit card processing and credit checks in Switzerland. Enfuce, a Finnish payment services provider, and Nordiska, a Swedish bank, bring specialized digital payment infrastructure and scalable financial technology solutions to the table.
The partnership aims to improve agility, provide enhanced embedded finance capabilities, and maintain continuity for existing customers, according to Manager Magazin. This modernisation is intended to preserve the brand's established identity while aligning with broader efforts at the company to modernise systems.
The all-electric Macan, a reflection of Porsche's current messaging around its efforts to modernise, is a testament to the brand's commitment to embracing the future. The change in partnership for Porsche's credit card services signifies a shift from a German to a Scandinavian arrangement.
The article first appeared on the platform Nordics, and the featured image credit is edited by the platform Switzerland, based on an image by Alvaro Polo via Unsplash. It's important to note that this partnership is not related to receiving Fintech Switzerland News in the Inbox once a month.
In summary, Porsche's transition to partner with Enfuce and Nordiska reflects a strategic shift to modernise and manage credit card processing and credit checks in Switzerland, replacing DKB as the service provider from autumn 2025 onward. This move is part of the brand's broader efforts to modernise systems and preserve its established identity.
Business and technology play significant roles in Porsche's strategic shift as the luxury car manufacturer partners with Enfuce and Nordiska to revolutionize its credit card services in Switzerland. The new partnership, set to commence this autumn, aims to improve agility, provide enhanced embedded finance capabilities, and maintain continuity for existing customers,using specialized digital payment infrastructure and scalable financial technology solutions.
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