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.

"I came across Monthio when I leased a car, and was immediately impressed with the speed and design." Peter Veie Gudmand - CEO, Varmeo

"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.