SEBA
“Can a 170-year-old Nordic universal bank keep the full financial-services value chain in-house while modernizing only regulated edges (identity, card production) via specialist vendors?”
Founded1856
HQStockholm, Sweden
IndustryBank / National
The story
SEB (Skandinaviska Enskilda Banken) is a Nordic universal bank founded in 1856, with retail and corporate banking operations across Sweden and the Baltics (Estonia, Latvia, Lithuania). Its embedded/third-party stack in Estonia is minimal and mainly focused on regulated processor relationships — Onfido for mobile-onboarding identity verification and Evry Card Services for physical card production — with most of the value chain (leasing, life/pension, asset management) delivered by wholly-owned SEB Group subsidiaries.
Last 12 months
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Regulated entities
4
regulatory licences held by SEBA
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
6 layers disclosed in SEBA’s embedded-finance stack
Banking / BaaS
Card issuing
in the full report
Lending
in the full report
Insurance
in the full report
KYC
in the full report
Investing
in the full report
Accounting gap: none
5 more providers across 5 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.