Sweden-based Nordiska plans to expand throughout Europe by offering embedded finance services as an orchestration layer rather than as a core banking service. The company’s modular platform delivers financial products such as banking-as-a-service, cards-as-a-service, white-label and co-branded credit card programs and card-linked loyalty programs via a single API. Nordiska sees opportunities to provide co-branded credit card programs to airlines, hotel chains and automobile manufacturers. It can offer partners the balance sheet and credit provisioning capabilities needed for those program...