Close Menu
Soup.io
  • Home
  • News
  • Technology
  • Business
  • Entertainment
  • Science / Health
Facebook X (Twitter) Instagram
  • Contact Us
  • Write For Us
  • Guest Post
  • About Us
  • Terms of Service
  • Privacy Policy
Facebook X (Twitter) Instagram
Soup.io
Subscribe
  • Home
  • News
  • Technology
  • Business
  • Entertainment
  • Science / Health
Soup.io
Soup.io > News > Technology > The Swedish Fintech Companies
Technology

The Swedish Fintech Companies

Cristina MaciasBy Cristina MaciasDecember 15, 2023Updated:December 15, 2023No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
The Swedish Fintech Companies
Share
Facebook Twitter LinkedIn Pinterest Email

The fintech industry has a lot of impact on modern daily life, everything from normal transactions in stores, transferring money to friends and of course making transfers online. Many industries are dependent on the technology from fintech companies, and one industry in particular. In this article, we will go over how fintech companies, specifically swedish ones, have contributed to revolutionizing the worldwide casino industry by bringing more legitimacy to it.

Important role of fintech

We live in a world where the majority of people are paying for stuff online. Before, most people would only buy a random piece of clothing online every now and then. Nowadays, we are turning to the Internet even for many of our daily needs. In addition to clothes, electronics and furniture, many of us even order our daily groceries and food items online.

Because of this new hot trend of online shopping, finance technology (or fintech for short) has become increasingly important. Without its most recent developments, we would not be able to pay safely and continue with our new favorite pastime.

Over time, we have grown accustomed to websites such as Amazon providing us with next-day shipping. None of this would be possible if it were not for the advancements in sending money online. Fintech is just the field that focuses on things like this, and even with online casinos, the role of fast payments is a crucial one.

The current biggest Swedish fintech companies

Swedes have always been ahead of the curve when it comes to online gambling. Some readers may recognize names such as NetEnt, Evolution Gaming, Play’n GO and Thunderkick, which are all world-renowned online casino game providers. Without the contribution of these few names, the casino industry probably would not have risen to the heights where it currently resides.

As it turns out, the Swedes are also dominating the fintech and payment side of things. Many online casinos employ the services of companies such as Trustly, Zimpler, and Brite in order to make their payments as smooth as possible. All of these three companies operate under the watchful eye of Swedish Finansinspektionen, which is the local authority that governs all payment-related issues.

The importance of the three leading fintech companies in Swedish online gambling is paramount. All of them take advantage of a feature called bankID. With the help of bankID, Trustly, Zimpler and Brite allow players to sign up to online casinos with the help of their respective local mobile banking services.

For example, a Finnish person can go to zimplerkasinot.net and choose a casino that uses Zimpler and bankID. With these casinos, they can then use their own banking services to deposit money into the casino and simultaneously open a casino account. In other words, new customers do not have to input any information regarding their name or address, as all of this will be taken care of automatically.

The benefit of speed

The benefits of fast casinos are aplenty.

One of the biggest ones is, of course, the fact that even those not yet familiar with online casinos can easily sign up for an account. No special skills or effort is needed. The other great benefit is that fast casinos tend to also be fast at paying out withdrawals.

Traditional casinos are required by law to fully identify their customers. To accomplish this, they need to ask players to provide pictures of their identification documents among other things. This is done to curb criminal activity and to comply with international anti-money laundering laws.

Casinos using the services of Swedish fintech companies are cut from a different cloth. Thanks to bankID, these casinos have already identified their customers in the beginning with no need to demand additional documentation in the end.

Conclusion

Without the leading Swedish fintech companies, there is no telling whether the worldwide casino industry would have ever evolved to the point where it is now. Because of this, we want to reiterate what we already said in the title: companies such as Trustly, Zimpler and Brite play a crucial role in the casino industry of today.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleSignificance Of Using Cologne
Next Article Selenium vs Puppeteer
Cristina Macias
Cristina Macias

Cristina Macias is a 25-year-old writer who enjoys reading, writing, Rubix cube, and listening to the radio. She is inspiring and smart, but can also be a bit lazy.

Related Posts

How ChatGPT Made Me a Better Manager – From Delegation to Daily Productivity

July 3, 2025

5 Common SEO Mistakes Lawyers Make That Hurt Their Google Rankings

July 3, 2025

What Happens When You Let AI Run Your Launch– A Week-by-Week Breakdown

July 3, 2025

Subscribe to Updates

Get the latest creative news from Soup.io

Latest Posts
How ChatGPT Made Me a Better Manager – From Delegation to Daily Productivity
July 3, 2025
Arrow Donnie Darko: Stream or Own in 4K?
July 3, 2025
Who Owns Echostar: Dish Network Acquisition Means
July 3, 2025
Golden Globes Presenters: Who’s Presenting This Year?
July 3, 2025
Ceramic vs. Titanium Hair Straightener: Which One Should You Choose?”
July 3, 2025
THCA – Medical benefits And Delivery
July 3, 2025
Top 10 Free Digital Marketing Tools Every Marketer Should Use in 2025
July 3, 2025
5 Common SEO Mistakes Lawyers Make That Hurt Their Google Rankings
July 3, 2025
Typical Damages Available After a Motorcycle Crash
July 3, 2025
What Happens When You Let AI Run Your Launch– A Week-by-Week Breakdown
July 3, 2025
When “Healthy” Foods Make You Feel Worse
July 3, 2025
From Perks to Priorities: What Today’s Workforce Wants from Benefits Packages
July 3, 2025
Follow Us
Follow Us
Soup.io © 2025
  • Contact Us
  • Write For Us
  • Guest Post
  • About Us
  • Terms of Service
  • Privacy Policy

Type above and press Enter to search. Press Esc to cancel.