Financial Crime Prevention in the Digital Age: Norway Partners Up to Combat Fraud
Norway has announced a new initiative to strengthen its fight against financial crimes by partnering with Tietoevry Banking, Nord University, and Kunnskapsparken Helgeland. The collaboration aims to develop a study program focused on enhancing education on digital financial crime prevention, targeting the Norwegian banking and finance sector.
A Boost from the Norwegian Government
The initiative has received significant funding from the Norwegian government, with a grant of 2,525,000 NOK as part of a larger project funded by the Norwegian Directorate for Higher Education and Skills. This partnership brings together Tietoevry Banking’s expertise in financial crime prevention, gained over 27 years of working with Nordic banks, with Nord University’s academic resources.
Expertise and Resources
“We are truly excited to partner with Nord University in this initiative,” said André Moen Eide, Head of FCP Defence Center at Tietoevry Banking. “Our combined expertise will enable us to share knowledge on current trends and threats, and develop programs that address the urgent need for current knowledge in areas such as cybersecurity, fraud prevention, and secure payment services.”
Krister Salamonsen, associate professor and project leader at Nord University’s Mo i Rana campus, emphasized the significance of the partnership. “We will work closely with Tietoevry Banking to develop and implement the study programs, leveraging their expertise in financial crime prevention and our academic resources.”
Program Highlights
The program is designed to equip banking and finance professionals in Norway with the skills they need to combat financial crimes effectively. The curriculum will cover topics such as:
- EU payment directives
- Proactive fraud prevention techniques using AI and machine learning
- Secure payment services
Planned as flexible courses totaling 7.5 credits, the program is expected to be launched in fall 2025 at Nord University’s Mo i Rana campus.
Ambition and Impact
This collaboration aligns with Tietoevry Banking’s ambition of equipping financial institutions with secure, top-quality services to their customers and employees, reinforcing its leadership in transforming the financial sector. With this partnership, Norway is poised to take a significant step forward in preventing financial crimes and protecting its citizens from fraud and digital threats.
Conclusion
The joint effort between Tietoevry Banking, Nord University, and Kunnskapsparken Helgeland aims to enhance education on digital financial crime prevention, providing professionals with the skills they need to combat financial crimes effectively. This partnership is a crucial step forward in Norway’s fight against financial crimes, ensuring the protection of its citizens’ interests and reinforcing its position as a leader in financial sector transformation.