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Sweden’s ATMs to be run by one company

All of Sweden's Automatic Teller Machines will soon be available to all banking customers and will be run by one company, which is promising a more user-friendly and consistent model together with all the services customers already have.

Published: 6 August 2013 07:40 CEST
Sweden's ATMs to be run by one company

Bankomat, a Swedish company, will be taking over all the 2,220 ATMs in Sweden this year. The company has promised transactions to run more smoothly than they currently do, with many customers seeking out machines from their own banks to make withdrawals.

“The customers get access to all the services that the card-providers offer in all our ATMs nationwide, regardless of which bank you’re a member of,” Stefan Bergelind, the CEO of Bankomat, told the Dagens Nyheter newspaper.

“We’ve also made the machines more accessible for people with disabilities. The machines will have a speaking function, among other things.”

The new ATMs will recognize which bank the customer belongs to and accordingly print a detailed statement, something which has so far been impossible when using other banks’ machines around Sweden.

Customers will also be able to make account transfers, change PIN, and make cash deposits.

Bankomat AB is owned by Danske Bank, Handelsbanken, Nordea, SEB, Swedbank and Sparbankerna.

TT/The Local/og

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BANK

Deutsche Bank to pay $130m to settle US bribery probes

Deutsche Bank will pay $130 million to settle a foreign bribery probe and fraud charges in precious metals trading, US officials announced on Friday.

Published: 9 January 2021 15:08 CET
Deutsche Bank to pay $130m to settle US bribery probes
A woman walks past the offices of Deutsche Bank in London. Photo: Tolga Akmen / AFP
The bribery case relates to illegal payments and to false reporting of those sums on the bank's books and records between 2009 and 2016, the Department of Justice said in a press release.
   
The bank “knowingly and wilfully” kept false records after employees conspired with a Saudi consultant to facilitate bribe payments of over $1 million to a decision maker, the DOJ said.
   
In another case, the bank paid more than $3 million “without invoices” to an Abu Dhabi consultant “who lacked qualifications… other than his family relationship with the client decision maker,” the DOJ said.
   
In addition to criminal fines and payments of ill-gotten gains, Deutsche Bank agreed to cooperate with government investigators under a three-year deferred prosecution agreement.
 
   
In the commodities fraud case, Deutsche Bank metals traders in New York, Singapore and London between 2008 and 2013 placed fake trade orders to profit by deceiving other market participants, the DOJ said.
   
The agreement took into account Deutsche Bank's cooperation with the probes, DOJ said.
   
“Deutsche Bank engaged in a criminal scheme to conceal payments to so-called consultants worldwide who served as conduits for bribes to foreign officials and others so that they could unfairly obtain and retain lucrative business projects,” said Acting US Attorney Seth D. DuCharme of the Eastern District of New York.
   
“This office will continue to hold responsible financial institutions that operate in the United States and engage in practices to facilitate criminal activity in order to increase their bottom line.”
   
“We take responsibility for these past actions, which took place between 2008 and 2017,” said Deutsche Bank spokesperson Dan Hunter, adding that the company has taken “significant remedial actions” including hiring staff and upgrading technology to address the shortcomings.
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