General

Nordiska is a bank that provides innovative financial products for both companies and consumers. Nordiska Embedded is a platform for built-in financial services, where we offer savings, loans or payment services, either under our own brand or through partners. Nordiska also provide corporate and real estate financing as well as sustainable savings with a government deposit guarantee.

Nordiska is supervised by the Swedish Financial Supervisory Authority and holds a license to conduct banking operations in accordance with the Banking and Financing Business Act (2004:297).

We offer a banking-as-a-service platform through our infrastructure for savings and lending services,
either under our own brand or through partners. Nordiska also focuses on corporate and real estate financing,
as well as sustainable savings covered by the state deposit guarantee.

Yes, just like with any regular bank, your savings with Nordiska are covered by the state deposit guarantee.
This means the government guarantees your total deposits in savings accounts at Nordiska up to an amount of SEK 1,150,000.
All savings accounts at Nordiska have been reviewed by the Swedish National Debt Office (Riksgälden) to qualify for the deposit guarantee.

Nordiska currently offers lending services in Sweden, Norway, Denmark, Finland, and the Netherlands,
as well as deposit services in Sweden and Germany.

Investor Relations (IR) is Nordiska’s information portal for shareholders, investors, and other stakeholders. It provides transparent access to the company’s financial performance, strategy, and governance.

On the Investor Relations page, you will find:

• Financial information:

  • Annual reports

  • Interim reports

  • Results presentations

  • Capital adequacy analyses

  • View reports and presentations here

• Press releases and news updates about Nordiska.

• Corporate governance information, including board details, policies, and governance structure.

• Financial calendar with key dates such as reporting dates and general meetings.

• Information for bond investors.

• Subscription services allowing you to receive reports and news directly.

You can access the page here:
Nordiska Investor Relations

As a bank, Nordiska has a responsibility to conduct its operations in a way that contributes to the long-term sustainable development of society. Sustainability is integrated into everything we do, and our performance is measured from three perspectives: Environmental (E), Social (S), and Governance (G).

The transition to a sustainable society

Reaching the global sustainability goals requires both individuals and organizations to change behavior. Individuals can contribute by adopting sustainable lifestyles and raising awareness of environmental issues, while organizations – such as Nordiska – can integrate sustainability into their business models, lending practices, and strategic decisions.

Nordiska’s Green Savings Account – Flex Green

One example of Nordiska’s sustainability initiatives is Nordiska Flex Green, a savings account where deposited funds are earmarked for green lending projects aligned with the UN’s 17 Sustainable Development Goals (SDGs).

• At least 70% of lending is directed toward sustainable initiatives, particularly within Goal 7: Affordable and Clean Energy.

• Examples of green investments include:

  • Financing of solar energy projects

  • Financing of battery storage and energy optimization technologies

  • Financing of newly built properties with energy classifications A, B, or C

To strengthen the impact, Nordiska applies lower pricing on lending for sustainable investments. This means that both the bank and its customers contribute to a greener future.

ESG – Environment, Social, Governance

Nordiska integrates ESG principles across its operations. This includes:

• Considering environmental and social risks in credit assessments.

• Adopting policies that ensure ethics, transparency, and anti-corruption.

• Maintaining a proactive reporting culture with clear disclosure to stakeholders.

The UN Sustainable Development Goals

Nordiska supports Agenda 2030 and the 17 UN Sustainable Development Goals, aimed at eradicating poverty, protecting the planet, and promoting peace and prosperity. Our products and financing solutions are designed to actively contribute to these goals.

UN Global Compact

Nordiska has signed the UN Global Compact and is committed to its ten principles of responsible business. These principles cover:

• Human rights

• Labor standards

• Environmental protection

• Anti-corruption

Nordiska is more than just a bank – we are a long-term partner in the transition to a more sustainable society. Through green products, responsible lending, and international commitments, we aim to be a catalyst for change and innovation.

More information can be found here:
Nordiska – Sustainability

At Nordiska, we place great importance on protecting our customers' privacy. All processing of personal data is conducted in accordance with applicable data protection legislation. You have the right to request the deletion of your personal data if it is no longer necessary for the purpose it was collected. However, please note that there are legal obligations for Nordiska as a bank that prevent us from immediately deleting parts of your data, especially if you have had a savings account with us. These obligations stem from accounting and tax legislation, banking and anti-money laundering laws, as well as consumer protection laws. Some of this information will remain visible in your Internet bank when you log in, as the Internet bank reflects the data in our systems. Therefore, we cannot remove it as long as we are legally required to retain your information. Please email info@nordiska.se if you wish us to delete your personal data as described above.

How long do we store your personal information?
How long Nordiska saves your personal data depends on the purpose for which the personal data is used. Personal data that we process for the purpose of administering the contractual relationship and to fulfil our agreement with you is processed as a starting point during the time the agreement applies, and thereafter for a maximum of ten (10) years due to statutes of limitation. We may also process the personal data for as long as is necessary to protect ourselves from legal claims and exercise our rights under the agreement based on a balance of interests. In some cases, Nordiska must save personal data to meet applicable legal requirements, such as accounting and money laundering legislation, which stipulate that personal data is usually saved for seven (7) and five (5) years respectively (see the Accounting Act (1999:1078) and the Act (2017:630) on measures against money laundering and terrorist financing).

Read more in our Privacy Policy.

To become a digital customer at Nordiska, the following are required:

• Identification with BankID

• Swedish bank account as a withdrawal account

• Registered residence in Sweden

• No protected personal data

• Minimum age of 18 years

If you cannot become a customer digitally, please contact us at info@nordiska.se.

No, we do not currently offer payment cards or other types of banking services. Withdrawals from your savings account are instead made to your registered withdrawal account.

You can reach us in the following ways:

• Phone: Call us at +46 8 23 28 00 on weekdays between 08:30 and 16:30.

• Email: Send an email to info@nordiska.se for general inquiries.

• Postal address: Box 173, 101 23 Stockholm, Sweden

• App: You can also log in to the Nordiska app and send us a message there for personal matters.

We can respond to general questions via email. However, to receive answers to customer-specific questions, you need to either call us during business hours and verify your identity using Mobile BankID at the start of the call, or log in to the Nordiska app and send us a message.

We can respond to general questions via email, but for customer-specific matters, you need to call us during our business hours or log in to the Nordiska app and send us a message there.
At the beginning of the call—or when contacting us through the app—you will need to verify your identity using Mobile BankID before we can assist you.

kundtjanst@nordiska.com is an email address Nordiska uses to send notifications informing you that you have received a new message in your Internet Bank.

Important to remember:

• The email never contains any links you need to click to log in.

• It is sent only as a reminder/notification. To read the message, always go directly to Nordiska’s website (type www.nordiska.se in your browser’s address bar) and log in as usual.

• Never click on links or open attachments in emails that seem suspicious or that you were not expecting.

Marketing emails from Nordiska

Nordiska may also send informational or marketing emails from info@nordiska.se.
These emails may include a button that leads to Nordiska’s secure login page:
https://secure.nordiska.se/login

This is Nordiska’s official login address, and it is safe to use.
You can always verify it by checking that the address in your browser starts with https://secure.nordiska.se before logging in or signing with BankID.

If you are unsure about an email

• Always go directly to www.nordiska.se instead of clicking links in emails.

• If in doubt, forward the email to info@nordiska.se and we will verify it.

• Delete the email if it seems suspicious or if you were not expecting any contact.

How can I contact Nordiska?

You can reach us in the following ways:

• Phone: Call us at +46 8 23 28 00 on weekdays between 08:30 and 16:30.

• Email: Send an email to info@nordiska.se for general inquiries.

• Postal address: Box 173, 101 23 Stockholm, Sweden

• App: You can also log in to the Nordiska app and send us a message there for personal matters.

We can respond to general questions via email. However, to receive answers to customer-specific questions, you need to either call us during business hours and verify your identity using Mobile BankID at the start of the call, or log in to the Nordiska app and send us a message.

Nordiska, like all other banks, is required by law to work to prevent money laundering in the financial system. This means that we need to have good knowledge of our customers and their transactions in order to be able to make risk assessments.

The Money Laundering Act, or Law (2017: 630) on measures against money laundering and terrorist financing exists for the purpose of preventing credit institutions from being used for money laundering or being involved in financing terrorism. The Swedish law is based on the EU Money Laundering Directive, which means that all financial companies within the EU are obliged to prevent money laundering. The law also covers companies and professionals outside the financial sector such as accountants, lawyers, real estate agents and more. Corresponding rules apply to measures against the financing of terrorism.

Money laundering is when you try to turn money that has come from criminal activities into assets that can be reported openly. It is also an international phenomenon and often occurs across national borders. It can be money from drug crimes, trafficking, human trafficking, tax crimes, robberies, fraud, arms trafficking and more.

By abusing the banking system, those who want to launder money can make it more difficult to trace the criminal origins of money. The arrangement for money laundering can be more or less complicated. It is not just about cash transactions, but also about transfers and other services via, for example, the internet.

Terrorist financing is collecting, providing or receiving money or other property for the purpose of supporting terrorism. It is thus about financial support for terrorism that can come both from legitimate sources of income and from criminal activities.

It is therefore important, and our duty, to understand the true intention of the money, say from a loan.

In short, the Money Laundering Act means that Nordiska must make an assessment of the risk of being used for money laundering. The law places high demands on Nordiska to have good knowledge of its customers and their business. Nordiska must understand the purpose of the business relationship and also the customer's various transactions. The customer information Nordiska receives is treated confidentially and covered by bank secrecy.

The purpose of the transaction

When you want to make a payment or other transaction, you must be able to answer questions and show a valid ID document when someone at Nordiska requests it. This may apply to transactions that are perceived as unusual or for which Nordiska does not understand the background. Nordiska is then obliged to ask you about the purpose of the transaction, where the money comes from and what it will be used for, etc.

In some cases, Nordiska may also need to see agreements, receipts, invoices or other documents that prove your explanation.

How are you affected as a prospective customer of Nordiska

Nordiska is obliged to check the identity of those who want to become new customers, for example, when opening an account. In order to be able to perform requested services, the adviser may need to ask additional questions to gain more knowledge about you and the purpose of the transaction.

How are you affected if you are already a Nordiska customer

Even if you are already a customer, you must be able to show a valid ID document and provide additional information upon request. This may apply, for example, when you want to complete a transaction or have a new position.

People in a politically vulnerable position - PEP

Nordiska must know if you are a PEP, which means you have or had important functions in a state or in an international organisation. Nordiska must also know which customers are family members and known employees of a PEP.

Corporate customers

Company representatives must be able to show a valid ID document and proof you have the right to represent the company. In addition, Nordiska must have information on anyone who owns more than 25 percent of the company and anyone who has a controlling influence on the company, the so-called real principal. You must also be prepared to answer questions about the company's operations, organisation, its turnover and how you will be using Nordiska's services.

If you do not want or can not answer the questions about customer knowledge, we can not offer you our products and services. According to the Money Laundering Act, we may not provide services without having good customer knowledge. In order to continue using our products and services, you need to answer our questions.

If you are an existing customer who does not want to answer our questions, we may need to block products or services. We may eventually be forced to terminate your customer relationship with us if, despite reminders, you do not answer the questions or provide the information we need.

For further information on the content and meaning of the legislation, you are welcome to contact us at Nordiska.

Do you want to read more about the work to prevent money laundering and terrorist financing, visit the Swedish Bankers' Association.

If you are contacted by someone claiming to be from the bank, the police, or an authority – or if you are transferred to a so-called security department – and you did not initiate the contact yourself, end the conversation immediately.

• Never share your card number, codes, passwords, or BankID.

• Never log in or sign anything at the request of someone else.

• Always call only the phone number listed on your bank’s official website — never a number you’ve received by text message, email, or social media.

• Contact your bank immediately and block your BankID if you suspect fraud.

Contact details for BankID can be found here: BankID – private customer contact
For Nordiska you can find contact details here: nordiska.se/kontakt

Common fraud methods

• Phone fraud (vishing): Calls from someone pretending to be from the bank, the police, or an authority.

• SMS fraud (smishing): Text messages with links to fake websites or requests to share card details.

• Email fraud (phishing): Fake emails containing links or attachments.

• Spoofing: Fraudsters manipulate phone numbers or email addresses so that it looks like the bank or an authority is contacting you.

• Investment fraud: Offers of “quick profits” or “secure investments” that push you to transfer money.

• Romance scams: Long-term online contact where the fraudster eventually asks for money.

• Account takeovers: Someone gains access to your email, BankID, or card and uses it to make transactions in your name.

• Card fraud: Your card details are used for purchases or withdrawals.

• Ad scams: Fake ads or fake buyers/sellers online.

• Money mule: Someone asks to use your account for money transfers – this is illegal.

• Fake websites: Copies of banks or payment services that trick you into logging in.

• Rental fraud: Fake ads for apartments for sale or rent.

• Holiday scams: Fake offers for travel, hotels, or cottages.

• AI and deepfake fraud: Manipulated voices, images, or videos that appear real.

Protect yourself

• BankID: Only use BankID when you have initiated the login or signing yourself. Never approve anything at the request of someone else.

• Read carefully: Always check the text in the BankID app before you press “Approve”.

• Links: Never click on links in text messages or emails from unknown senders.

• Software: Never install remote control programs or “support software” on request – this is a common method used by fraudsters.

• Websites: Always make sure you are on the correct website before logging in. Type the address yourself in the browser.

• Stress: Don’t let yourself be rushed. Fraudsters often pressure you to act quickly.

• Cards: Keep your PIN code secret and never share your card number or CVC codes.

If you suspect fraud

• End the contact immediately.

• Block your BankID and your cards right away.

• Contact your bank for assistance – always use contact details on the bank’s official website or here:

  • BankID – private customer contact

  • Nordiska – contact details

• File a police report at polisen.se or by calling 114 14.

Learn more

• Svårlurad – in-depth information about common fraud methods such as spoofing, vishing, and phishing, and how to avoid being deceived.

 Remember: If something feels wrong – stop immediately, contact your bank, and block your BankID.

 Remember: If something feels wrong – stop immediately, contact your bank and block your BankID.

Saving for a financial buffer is an important part of creating financial security.
A buffer is money you can easily access if something unexpected happens, for example, if your car breaks down, an appliance stops working, or your income is temporarily reduced.
With a buffer, you can handle these costs without needing to borrow money or use credit.

How much should I save?

The right amount depends on your lifestyle, household size, and expenses.
As a general guideline, most people benefit from saving two to three months’ salary after tax.

If you live alone without children, one to two months of your net income is usually enough.
If you have children, a car, or your own home, it’s wise to aim for three to four months’ salary as a safety net.
The goal is to build a buffer that helps you feel secure and prepared for unexpected events.

Where should I keep my buffer?

Your buffer should be held in a safe savings account where you can access the money quickly.
Avoid investing your buffer in stocks or funds, as the value can fluctuate.

Choose a savings account with deposit protection, free withdrawals, and no lock-in period.
At Nordiska, your deposits are covered by the Swedish government’s deposit guarantee, up to SEK 1,150,000 per customer.

Tips for building your buffer

• Save regularly. Set up an automatic monthly transfer from your salary account to your savings account.

• Start small. Even a few hundred kronor per month will grow over time.

• Save right after payday. This helps you avoid spending the money elsewhere.

• Keep your buffer separate. Use a dedicated savings account so it’s clear what the money is for.

Example

If your monthly net income is SEK 25,000, a suitable buffer would be between SEK 50,000 and 75,000, depending on your household and financial situation.

The information provided on this page is of a general and informational nature. It does not constitute financial advice under the Swedish Financial Advice to Consumers Act (2003:862) and should not be regarded as an individual recommendation. Each person’s financial situation is unique, and Nordiska Bankaktiebolaget assumes no responsibility for decisions made based on this information. If you are unsure how this information applies to your own circumstances, you should consult a qualified financial advisor.

Your everyday habits have a big impact on how your finances develop over time.
Small choices – like how often you shop, pay for subscriptions, or buy coffee on the go – can add up and affect how much you’re able to save each month.

By becoming more aware of your spending habits, you can prioritise what truly matters to you.
Setting up automatic savings or planning your purchases in advance can make a big difference in the long run.

At Nordiska, you can save securely in savings accounts covered by the Swedish deposit guarantee, forming a stable part of a healthy personal economy.

Getting better control of your finances starts with understanding where your money goes and building routines that create clarity and confidence.
Begin by reviewing your income and expenses over a few months to identify what is essential and where you might be able to cut back.

A good first step is to create a simple budget and set aside money for savings and an emergency fund as soon as you get paid.
You can also use apps or digital tools to automatically track and categorise your spending.

At Nordiska, you can save securely in savings accounts covered by the Swedish deposit guarantee, helping you build a stable foundation for your personal finances.

The compound interest effect describes how your savings grow over time when you earn interest not only on your original deposit, but also on the interest you’ve already earned. Over time, this creates an accelerating growth effect – especially when you save regularly and keep your money invested long-term.

Example:
If you save SEK 10,000 at 3 % annual interest, you earn SEK 300 the first year. The next year you earn interest on SEK 10,300 – on both your initial deposit and the interest from the previous year. The longer you keep your money in the account, the stronger the compound effect becomes.

A good budget helps you take control of your finances and understand where your money goes each month.
Start by listing all your income and expenses, and divide them into essential costs (such as housing, food, and loans) and optional spending (like leisure or shopping).

A useful tip is to set aside money for savings and an emergency fund as soon as you receive your salary.
You can use a simple spreadsheet, a mobile app, or a template to track your spending and progress.

The most important thing is to keep your budget realistic and flexible – it should help you, not restrict you.
At Nordiska, you can save securely in savings accounts covered by the Swedish deposit guarantee, as part of a stable personal finance plan.

Planning your finances is about creating security and freedom over time.
Start by reviewing your current situation – your income, expenses, and saving opportunities.
Then set clear goals, such as building an emergency fund, saving for a home, travel, or retirement.

It’s often helpful to divide your savings into short-term (emergency fund), medium-term (larger purchases), and long-term (retirement or future security).
Review your finances regularly and adjust your plan as your circumstances change.

At Nordiska, you can save securely in savings accounts covered by the Swedish deposit guarantee, forming a solid foundation for your long-term financial planning.

Rocker has been part of the Nordiska Group since 2024 and, as of September 2025, operates as a trade name of Bankaktiebolaget Nordiska (publ).

If you sold something via Plick, or other platforms that use Rocker Pay, the payment may have been processed through Bankaktiebolaget Nordiska (publ). Rocker Pay is a secure and convenient payment solution for buying and selling second-hand goods between private individuals. The service integrates payment and shipping, enabling safe transactions with BankID verification.

Rocker partners with several leading companies in second-hand trading and peer-to-peer payments, as well as with DHL to provide shipping services.

This is why Bankaktiebolaget Nordiska (publ) may appear as the sender when you receive a Swish payment.

Important: For any questions regarding Rocker Sweden, please contact Rocker Sweden’s customer support, not Nordiska. You can find their contact details here: support.rocker.com

When you deposit money into a savings account, you are essentially lending your money to the bank.
The deposit becomes a liability for the bank and an asset for you as a customer.
The bank can use the deposited funds to finance loans or investments, but is always obliged to repay your money in accordance with the account terms.

As compensation for lending your money, you receive interest, which acts as payment for allowing the bank to use your funds.
This is why savings interest rates are influenced by market rates and monetary policy, such as the Riksbank’s policy rate.

At Nordiska, all savings accounts are reviewed and approved by Riksgälden and are covered by the Swedish government deposit guarantee.
This means the state guarantees your total deposits with Nordiska up to SEK 1,150,000 per customer.
Read more on Riksgälden’s website:
Bankaktiebolaget Nordiska (publ) – accounts covered by the deposit guarantee

In short:

• When you deposit money, it becomes a liability for the bank and a claim for you.

• The bank pays interest as compensation for using your money.

• Your deposits with Nordiska are protected by the Swedish deposit guarantee up to SEK 1,150,000 per customer.

Swish is a Swedish mobile payment service that allows users to quickly send and receive money between individuals, companies, and organisations using a mobile number linked to a bank account.
The service is jointly owned by several Swedish banks and uses BankID for secure identification.

Nordiska does not issue Swish, and it is not possible to use Swish for deposits or withdrawals to or from savings accounts with Nordiska.

To make a deposit to your savings account, please use Bankgiro 828-5975 and include your OCR number, which can be found by logging in to Nordiska’s Internet Bank.

Artificial Intelligence (AI) is a branch of computer science and mathematics that enables computers to analyse data, identify patterns, make decisions, and learn from experience.
Unlike traditional software, which follows fixed instructions, AI systems can improve their performance over time through a process known as machine learning (ML).

A simple example:

Imagine you show a computer a thousand pictures of 500-krona and 100-krona banknotes.
At first, the computer guesses wrong, but each time you tell it the correct answer, it adjusts itself a little.
After many attempts, it learns to recognise the difference on its own, even with new pictures it has never seen before. That’s exactly how AI learns – through practice and feedback, just like we humans do.

The basic principle of AI

AI aims to replicate aspects of human cognition.
Instead of using hard-coded rules, AI relies on artificial neural networks – mathematical structures made up of thousands or even millions of interconnected “nodes” (neurons).

Each node receives input, applies a weight (importance value), processes the data, and passes the result to the next layer of nodes.
During training, these weights are continuously adjusted so that the model’s predictions become more accurate.
This process, called backpropagation, allows the model to learn from errors and refine itself.

Training an AI system requires:

• Large datasets (training data) – examples from which the model learns patterns.

• Optimisation algorithms – mathematical procedures that minimise prediction errors.

• Computational power (GPU/TPU) – high-performance processors capable of running billions of calculations in parallel.

The result is a system that can recognise patterns, make predictions, and even generate new content based on what it has learned.

Different types of AI

AI is an umbrella term covering several distinct approaches, each used for different purposes in finance, industry, and everyday life:

• Rule-based AI
  – Follows predefined logical rules (“if X, then Y”).
  – Example: early credit-scoring systems or basic customer-service bots.

• Machine Learning (ML)
  – Learns relationships from data to predict outcomes or classify information.
  – Example: fraud detection, credit-risk assessment.

• Deep Learning
  – Uses multi-layer neural networks capable of identifying very complex patterns.
  – Example: speech recognition, image analysis, natural-language understanding.

• Generative AI (GenAI)
  – Can create new content such as text, code, images, or speech.
  – Powered by Large Language Models (LLMs) like OpenAI’s GPT models, Google Gemini, Anthropic Claude, and Meta LLaMA.

LLMs are trained on enormous text datasets to learn the statistical likelihood of words occurring together.
When you ask a question, the model generates a response word by word, based on probability – but enhanced by internal contextual representations known as embeddings.

How an AI model is trained – step by step

• Data collection
  Vast quantities of raw data (text, numbers, images, or transactions) are gathered.

• Pre-processing
  The data is cleaned, normalised, and anonymised to protect privacy.

• Training
  The model learns relationships between variables by adjusting its internal parameters (weights).

• Validation and testing
  The model is evaluated on unseen data to ensure it generalises correctly and does not overfit to training data.

• Fine-tuning
  For large language models, fine-tuning is used to align the model with specific tasks or domains – for example, Nordiska’s assistant Casey is fine-tuned on Nordiska’s product and account information, not on customer data.

• Deployment
  Once validated, the model is implemented in production under strict monitoring and governance.

How AI is used in banking and finance

Within financial services, AI is widely used to:

• Improve customer experience through chatbots and personalised digital service.

• Detect fraud and suspicious activity (AML/KYC monitoring).

• Forecast financial trends using predictive models.

• Automate back-office processes like document handling and risk reporting.

• Enhance cybersecurity by recognising abnormal network patterns in real time.

Security, ethics, and regulation

All AI systems at Nordiska are operated within strict regulatory and ethical frameworks:

• GDPR (General Data Protection Regulation)

• Swedish Financial Supervisory Authority (Finansinspektionen): guidelines on IT security and risk management are followed.

• EU AI Act (upcoming): Nordiska already aligns with its key principles of transparency, human control, and accountability.

• Internal Ethical Standards: Nordiska applies the principles of explainability, fairness, and responsibility in all AI-related work.

Example – AI in practice

Imagine an AI system designed to detect suspicious transactions:

• It is trained on historical data to learn what “normal” activity looks like.

• It then analyses new transactions and compares them to learned patterns.

• When it finds a deviation beyond an acceptable threshold, it flags it for manual review.

The same principle applies to language models. The system recognises linguistic patterns and determines the most probable word or response. AI is also utilised to identify and respond to common customer enquiries via our digital assistant, Casey, delivering faster, more accessible, and personalised service while maintaining the highest standards of security and data protection.

In short:

• AI works by learning patterns in data using neural networks and algorithms.

• Nordiska uses AI to enhance security, efficiency, and customer service – never to replace human decision-making.

• All AI use is governed by GDPR, Finansinspektionen’s regulations, and the forthcoming EU AI Act.

• Nordiska monitors the development of global AI models (OpenAI, Google, Anthropic, Meta, and others) and adopts only secure, compliant solutions.

A bank, such as Nordiska, is authorised by the Swedish Financial Supervisory Authority (Finansinspektionen) to conduct banking operations under the Banking and Financing Business Act (2004:297).
This means the bank has the right to offer savings, lending, and payment services, but the range of products and services varies between banks.
Customer funds are normally covered by the Swedish deposit guarantee.
Banks are supervised by Finansinspektionen and must comply with strict rules on capital, security, and consumer protection.

At Nordiska, all savings accounts are covered by the Swedish government deposit guarantee, which is administered by the Swedish National Debt Office (Riksgälden).
This means that the state guarantees your total deposits with Nordiska up to SEK 1,150,000 per customer.
More information is available on Riksgälden’s website: Bankaktiebolaget Nordiska (publ) – accounts covered by the guarantee

A neobank is not a legal banking term but refers to new, digital financial institutions that provide bank-like services entirely online, often through apps or web platforms.
Some neobanks hold a banking licence within the EU and are supervised by a national financial authority, while others operate as payment institutions or fintech companies without a full banking licence.

This means that regulation, consumer protection, and deposit guarantees may differ between neobanks.
Neobanks without a banking licence are not covered by the Swedish deposit guarantee, and for banks licensed in another EU country, the deposit guarantee in that country applies instead.

BankID is an electronic identification (e-ID) used to securely verify your identity and sign documents digitally with companies, authorities, and banks.
With BankID, you can log in to your bank, access government services, or sign agreements online – securely and legally binding.

BankID is issued by Swedish banks that are part of the BankID system.
Examples of banks that issue BankID include:
Danske Bank, Handelsbanken, ICA Banken, Länsförsäkringar Bank, Nordea, SEB, Skandiabanken, Sparbanken Syd, Swedbank and the Savings Banks, and Ålandsbanken.

More information is available at bankid.com.

About Nordiska

Nordiska is a Swedish bank that provides innovative financial products for both businesses and consumers.
The bank offers savings, lending, and payment services, both under its own brand and through partners, as well as sustainable savings covered by the Swedish government deposit guarantee.
Nordiska is supervised by the Swedish Financial Supervisory Authority (Finansinspektionen) and licensed to conduct banking operations under the Banking and Financing Business Act (2004:297).

At present, Nordiska does not issue BankID.

Inflation means that the prices of goods and services increase over time, which reduces the purchasing power of money.
For example, if inflation is 4 % per year, something that cost SEK 100 last year now costs SEK 104.
This means your money loses value if your interest rate is lower than the inflation rate.

Why does inflation occur?

Inflation happens when demand exceeds supply, or when production costs rise.
Common causes include:

• Consumers and businesses buying more than what’s produced (demand-pull inflation).

• Higher costs for raw materials, energy, or wages (cost-push inflation).

• A weaker currency, making imports more expensive.

A small amount of inflation is normal – the Riksbank’s target is around 2 % per year, considered a healthy and stable level for economic growth.

How does inflation affect savings and interest rates?

For savers, inflation means that money loses value in real terms if the savings rate is lower than inflation.
For example, if you have SEK 100,000 at 2 % interest while inflation is 4 %, your balance grows to SEK 102,000,
but since prices have risen by 4 %, your purchasing power has effectively fallen by 2 %.

Inflation directly affects the Riksbank’s policy rate:

• When inflation is too high, the rate is raised to cool the economy.

• When inflation is too low, the rate is lowered to stimulate demand.

Banks like Nordiska are affected by these changes — when the policy rate rises, funding costs increase, leading to higher savings and lending rates.

How banks are affected by inflation

Inflation impacts banks through:

• Higher funding and capital costs.

• Lower loan demand when borrowing becomes more expensive.

• Increased demand for savings accounts when interest rates rise.

• A changing real value of deposits, since deposits are bank liabilities.

Stable inflation is therefore essential for both banks and customers.

Security at Nordiska

At Nordiska, all savings accounts are covered by the Swedish government deposit guarantee,
which protects your total deposits up to SEK 1,150,000 per customer, administered by Riksgälden.
This ensures your savings remain safe, even when inflation or interest rates fluctuate.