Financial Crime World

Title: Norwegian Financial Institutions Partner with Nord University to Combat Digital Financial Crimes

Collaboration to Develop specialized Educational Program focused on Fintech securities

Published: April 18, 2024

Norwegian financial institutions are taking an aggressive stance against digital financial crimes by joining forces with Nord University in a groundbreaking study program. Tietoevry Banking, Kunnskapsparken Helgeland, and SpareBank 1 Helgeland are the pioneering institutions behind the initiative. The partnership was awarded a 2.525 million NOK grant from the Norwegian government.

Tietoevry Banking leads the Initiative

  • André Moen Eide, Head of the FCP Defence Center at Tietoevry Banking, shares his enthusiasm about the partnership, “This collaboration significantly enhances our ability to share knowledge and expertise in safeguarding the Norwegian financial sector from digital threats and frauds.”
  • Over the past 27 years, Tietoevry Banking has gained vital experience in Nordic financial crime prevention and offers essential credit card and banking services.

Nord University’s Expertise in Education and Collaboration

  • Krister Salamonsen, Associate Professor and project leader at Nord University’s Mo i Rana campus, highlights the significance of the collaboration, “We will closely collaborate with Tietoevry Banking in Mo on the development and implementation of the study programs. Their expertise community within financial crime prevention is unparalleled in the Nordics, making it a valuable resource for our educational initiatives.”

Study Program: Focusing on Cybersecurity, Fraud Prevention, and Secure Payment Services

  • The study program emphasizes the following topics:
    • Cybersecurity
    • Fraud Prevention
    • Secure payment services
  • Flexible micro-courses will be designed for banking and finance professionals in Norway, totaling 7.5 credits.
  • Course highlights:
    • EU payment directives
    • Proactive fraud prevention techniques using emerging technologies such as artificial intelligence and machine learning.

Program Schedule and Upcoming Academic Session

  • The initial academic session is scheduled for fall 2025 at the Mo i Rana campus.
  • Tietoevry Banking’s commitment to providing secure, top-quality services to its customers and employees aligns with the collaboration, further solidifying their role as a sector leader.

Combating Digital Financial Crimes in Norway

The partnership between Nord University and Norwegian financial institutions represents a pivotal step forward in addressing digital financial crimes in Norway. By working together, they will empower financial professionals with the most recent knowledge and skills to adapt to an ever-changing digital threat landscape.