Monthio announced today the launch of Sevren, a new independent European AI lab spun off from the Danish fintech company. The lab builds on years of AI development at Monthio and will focus on open-source technologies with applications beyond financial services. Monthio remains Sevren’s main investor and is joined by an experienced group of founders, executives, and investors from the technology, finance, and industrial sectors.

Creditworthiness rules are changing. The Danish authorities have published a draft update to the existing Consumer Credit Directive (CCD1) guidelines. In this article, we look into what's new in the drafted update of the guidelines, why it is important now, and what it means in practice.

COOP Bank has strengthened creditworthiness assessments with Monthio. By streamlining budget documentation, adding PSD2 insights, and improving workflow efficiency, the bank now delivers faster decisions and a smoother customer experience. Read the full story here.

At Monthio, we believe exceptional people make exceptional products. Our team's diverse backgrounds and open culture are what fuel our innovation. Meet Benjamin Rotendahl, a developer whose journey from Coding Pirates to fintech shows how curiosity and collaboration turn potential into measurable impact

We're strengthening our work in Spain to help lenders verify income, manage risk and cut manual work. Creditstar is already live, and with the use of PSD2 and Open Banking we provide one up to date applicant overview, with a dedicated focus on the Spanish market. Read the article here.

Creditstar partners with Monthio in Spain to streamline credit decisions. The collaboration gives lenders a single, up to date applicant overview from PSD2 and Open Banking data, reducing manual checks and documentation, while applicants get a clearer, faster path through the process. Read the case study here.

Middelfart Sparekasse partners with fintech company Monthio to simplify customer onboarding. The collaboration makes it easier for customers to switch banks and helps advisors save time through automated data collection and seamless digital processes. Read the press release here.

Monthio's product helps banks, consumer lenders, auto finance companies and BNPL providers make faster and more accurate credit decisions while keeping the customer journey smooth, as explained by CTO Lars Anker Haugaard.

Creditstar Denmark has streamlined credit assessments with Monthio. By automating manual checks and consolidating financial data, they've reduced defaults, improved efficiency, and strengthened decision-making. Read the full story here.

Swedish lenders now have local support: Patrick Radise leads Monthio's work to reduce manual reviews and deliver clearer, faster decisions across consumer, auto and asset finance.

Monthio's strength isn't just in technology-it's in our people. Head of Data at Monthio, Christian Simon, combines a unique background in academia with an exceptional talent and technical skill to structure, clean, and analyze data with his team. This helps ensuring the insights we deliver are robust and actionable. Read the first article in the series "Meet the Team".

CCO Christian Bach Jensen shares how Monthio is strengthening its people and leadership, backed by fresh investment, to support banks, consumer lenders, auto finance companies and BNPL providers across Europe.

Monthio welcomes Miikka Vuorikoski as Account Director in Finland. With years of experience from the Finnish finance and credit industry, Miikka strengthens our ability to support local lenders with practical insight and on-the-ground collaboration. Read the announcement here.

Creditworthiness rules are changing. The Danish authorities have published a draft update to the existing Consumer Credit Directive (CCD1) guidelines. In this article, we look into what's new in the drafted update of the guidelines, why it is important now, and what it means in practice.

As Monthio continues growing internationally, having the right partners is essential. One of those partners is North Ventures, who has a clear focus on long-term value creation, while they provide hands-on support and act as a sparring partner to founders.

Monthio has appointed Claus Stehr as Head of CEO Office. With senior executive experience from the largest banks in the Nordics, Nordea, Claus brings strong expertise in governance, coordination, and financial sector transformation. Read the announcement here.

Why "Monthio"? Rune Heinnrichson, Co-founder & CRO at Monthio tells the story of how it all started with a simple idea: making personal finances easier to understand by thinking in months.

"The biggest impact is that we now combine higher quality in credit assessment with significantly shorter processing times." Henrik Frederiksen, CEO at Unilaan, Svea Kredit shares insights from their collaboration with Monthio.

Monthio has appointed experienced banking executive Torsten Hagen Jørgensen as Chairman of the Board. With a background in executive leadership at Nordea and Nets, Torsten brings decades of expertise in technology, operations, and financial sector transformation. Read the press release here.

Swedish Lending Reform: What It Means—and Why It's a Chance to Get Ahead Sweden's new lending legislation raises the bar on creditworthiness and compliance. For lenders, it's both a disruption and a rare opportunity to prepare, adapt, and lead. Monthio's Henrik Kølle Petersen shares why timing, partnership, and smart preparation will set tomorrow's winners apart.

Is your business prepared to fight the war against income fraud? Fabricated income claims are a growing threat to financial institutions, causing severe financial and trust issues. In 2023 alone, Sweden saw 150 million SEK in fraudulent income. Discover how Monthio can help.

The PCR aims to give financial institutions a clearer picture of applicants' creditworthiness, with the ultimate goal of reducing over-indebtedness. While it marks a significant step towards greater financial transparency, we also delve into how Monthio complements the PCR's efforts in ensuring responsible lending.

Experian's recent analysis of Denmark's RKI register reveals a 1.3% increase in bad payers by the end of 2023, driven by higher interest rates and rising living costs. Despite a lower average debt, the trend signals ongoing financial challenges, impacting loan eligibility and financial services in Denmark.

The 2023 EU regulatory package, featuring PSD3, PSR, and FiDA, demands swift attention from banks. Navigating enhanced security measures, open finance integration, and compliance nuances is crucial for success amidst the evolving financial landscape or face fines and trading disruptions.

"Implementing the solution has enabled us to process the same amount of loan applications despite the increased requirements." - Jesper Jensen, Head of Credit - AL Finans

As leasing and lending gain momentum, so does the pressing concern of fraud and defaults. Enter Open Banking - the game-changer that not only ensures a seamless financial experience but also acts as a shield against potential risks for auto finance providers.

In the fast-changing world of finance, traditional banks are on the brink of a remarkable transformation. Discover how they're reinventing their IT departments, becoming innovation leaders by seamlessly integrating customer-favorite solutions.

The RegTech advantage: Explore how RegTech's automation and data analysis are transforming lending compliance, offering efficiency and growth opportunities for financial institutions.

Uncover how Open Banking transforms income verification, replacing paperwork with secure bank data connections. Explore seamless processes, rapid loan approvals, and enhanced borrower experiences.

While commonly associated with younger generations, the reality is that Generation X (born between 1965 and 1980) is using BNPL as much as Gen Z.

Monthio proudly announces the latest addition of seasoned Nordic banking expert Glenn Söderholm to its board. With 30+ years in the financial sector, including roles at Danske Bank, Glenn brings a wealth of invaluable financial expertise to Monthio.

The vehicle leasing market in Europe is poised to grow 4.5% by 2027. We provide some key recommendations for auto finance providers to thrive in the expanding European leasing market.

Monthio proudly announces its achievement of ISO 27001 certification for information security. This prestigious certification marks a significant milestone in Monthio's commitment to providing exceptional services to its customers and partners.

Discover how digital expense verification can revolutionize the loan approval process for financial institutions. Say goodbye to slow approvals, paperwork, and fraud risks.

Monthio partners with Enable Banking to revolutionize loan approval in Spain, expanding their reach beyond the Nordics and shaping a new lending landscape in Europe.

Amidst increasing regulations and rising customer expectations, Danish bank customers say they are fed up with banks requiring documentation for accessing financial services.

Here's how Credit Advisors can say farewell to the time-consuming process of gathering and analyzing creditworthiness data & spend more time on the things that matter.

Monthio celebrates 5 years of transforming the loan approval process in the Nordics with growth from one idea to 50 international employees.

As BNPL skyrockets in Norway, increased regulation looks likely. Here's why BNPL is so popular in Norway, and what's coming next for providers.

Monthio has been shortlisted as one of Europe's leading providers of Banking Tech and Reg Tech, according to the European Fintech Awards.

Better risk assessment, faster application process, and enhanced security are just some of the benefits open banking gives mortgage providers. Here's why open banking is essential for optimizing the mortgage approval process.

Tech savvy Swedes are choosing digital lenders over traditional banks. Here's insight into the change in consumer behavior and what traditional banks can do to remain competitive.

As the rise of "green loans" increases in Denmark, experts highlight the importance for banks to have green products in order to be attractive to future customers.

Here's what you need to know about the move from Open Banking to Open Finance and the potential benefits for loan providers.

Most Swedes don't complete the onboarding process of financial services applications. Worryingly, this drop-off rate is actually increasing year on year. Here is what this means for banks and lenders in Sweden.

As BNPL scrutiny increases across Europe, the Danish government will consider amending regulations for providers of buy-now-pay-later products in July 2023.