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Nordnet’s Interim Report January-March 2020
The corona situation made the first quarter of 2020 a very special period, and we are all affected on a personal as well as a professional level. From our perspective, I can see that there has been a great interest among private individuals to start saving in stocks and funds. Our customer inflow during the first quarter reaches a new record level. In total, we have welcomed almost 90,000 new savers to Nordnet, and in March we reached the milestone of one million customers. The activity from the private savers is high on all fronts – the number of trades ends up at over 14 million, which is more than twice as much as the first quarter of 2019, and net savings are almost 24 billion, which exceeds savings for the entire 2019, says Lars-Åke Norling, CEO at Nordnet.
From a financial perspective, the first quarter became a strong period for Nordnet. Our revenues come in at SEK 644 million, while costs are in line with last year. Overall, we can show a profit before tax of SEK 367 million, which is the best quarterly result in Nordnet’s history, says Lars-Åke Norling, CEO at Nordnet.
Highlights during the quarter
- 90,000 new customers during the quarter, and now more than total 1 million savers with Nordnet
- High trading activity in all markets
- Success for the new equities savings account in Finland
- High net savings, but reduced savings capital as a result of a stock market decline
- Take-over of online customers from Finnish S-Pankki
- Record-breaking financial earnings
Financial results in brief, January-March 2020 (January-March 2019)
- Operating income increased by 60 percent, amounting to SEK 644.2 million (402.5)
- Operating profit increased by 185 percent to SEK 367.1 million (129.0)
- Profit after tax rose by 153 percent to SEK 301.3 million (118.9)
- The number of new customers increased by 88,800 during the quarter
- Net savings amounted to SEK 23.8 billion (7.0)
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Worldline and ABN AMRO Extend Partnership to Support Payment Services in the Dutch Market
ABN AMRO and Worldline share a distinguished partnership built over decades. In recognition of this strong foundation and proven track record, Worldline will continue to enhance ABN AMRO’s customer payment solutions. This collaboration underscores the value both parties place in their long-term commitment to innovation and operational excellence.
RateGain and Juspay Partner to Power ‘RG Pay,’ a High-Performance Financial Technology Platform for the Global Travel and Hospitality Industry
RateGain Travel Technologies Limited (NSE: RATEGAIN), a global leader of AI-powered SaaS solutions for the travel and hospitality industry, and Juspay, a leading global payments technology company, today announced a strategic partnership to power RG Pay, RateGain’s embedded financial technology platform for the travel and hospitality ecosystem.
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According to ResearchAndMarkets’ recent forecasts, Chinese outbound travel is predicted to grow at a Compound Annual Growth Rate (CAGR) of 13.5%, increasing from $140B today to reach $386B by 2033. UnionPay International helps cardholders to easily make cross-border payments in 183 markets and its payment methods are particularly popular with travelers across Asia Pacific.
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BVI Financial Services Conference Examines Global Financial Crime Risks and Reaffirms BVI’s Commitment to Integrity
Government officials, regulators, law enforcement authorities and financial services professionals gathered at the BVI International Arbitration Centre on 5 March for the BVI Financial Services Conference 2026, an event examining the evolving global landscape of financial crime and the responsibilities of international financial centres in safeguarding the integrity of the global financial system.
Glia Launches Industry-First Contractual Guarantee Against AI Hallucinations and Prompt Injections
Glia, the leading platform for intelligent banking interactions, today announced it will offer its more than 700 bank and credit union clients a contractual guarantee against AI hallucinations being presented to customers or members on its Banking AI platform. Glia also now guarantees zero impact from prompt injection attacks on its platform — malicious attempts to trick customer or member care AI into providing information or performing tasks it shouldn’t.
Money20/20 Asia Report: APAC Fintech Ecosystem Shifts from Experimentation to Scale as AI and Digital Assets Drive Leadership
Money20/20, the world’s leading fintech show and the place where money does business, today unveiled its annual Future of Fintech in APAC report ahead of Money20/20 Asia happening in Bangkok on April 21-23 at the Queen Sirikit National Convention Center (QSNCC). The whitepaper is revealing that APAC’s fintech ecosystem has reached a pivotal inflection point. The region is shifting from experimentation to scaled deployment across AI, digital payments, and digital assets, marking a decisive move toward production‑grade innovation.