Nordic Transformation Strategy

A central objective of this transformation is to strengthen our position within the Nordic region by updating our business model and harmonizing operational processes to European standards in both Sweden and Finland. By improving access, to the Nordic markets with common approach, format and technology, we will bring efficiencies and reduced costs to our clients and respective markets.

In relation to the Swedish financial market, this is primarily achieved by replacing our Mainframe IT platform (VPC), used for core CSD services, with the same system used by Euroclear Finland, while adapting and developing the processes to cater to Swedish market and business requirements. This will support business expansion, revenue generation, and long-term client satisfaction through the implementation of a unified platform. It will be further strengthened, for example, by engaging earlier in the corporate action value chain, providing timely confirmed corporate information and in a structured format supporting straight-through-processing.

Finally, we are moving settlement to the Eurosystem’s (ECB) platform, TARGET2-Securities (T2S). A common settlement process for both markets will bring benefits to intermediaries and investors alike.