SEB Embedded
SE · Stockholm, Sweden · Swedish FSA (full banking license via parent SEB)
SEB Embedded is a BaaS Provider / Bank based in SE (Stockholm, Sweden), regulated by Swedish FSA (full banking license via parent SEB). The institution operates an active Banking-as-a-Service program, launched in 2023.
SEB Embedded supports the following products and services: Accounts, Cards, Payments. The bank serves customers across Nordics / EEA.
Notable fintech partners include Enfuce, Hemköp, Humla.
- Products Supported
- AccountsCardsPayments
- Geographies Served
- Nordics / EEA
- Charter / Regulator
- Swedish FSA (full banking license via parent SEB)
- API Standards
- REST
- Year Program Launched
- 2023
Enfuce, Hemköp, Humla
None confirmed active
Tier-1 Nordic bank BaaS division; Thought Machine Vault Core; aims to be 'first choice for BaaS in Europe'.
SEB Embedded Goes Live with Thought Machine-Powered BaaS Platform
Swedish bank SEB launched its embedded BaaS platform, powered by Thought Machine's Vault Core, going live with supermarket chain Hemköp as its first client. The platform supports debit cards and Apple Pay. The full launch was achieved in under 10 months from initial collaboration in December 2023.
SEB Establishes Dedicated SEB Embedded Unit for BaaS Services
Swedish banking giant SEB established a new business unit called SEB Embedded to focus on embedded finance services. The move signals a major traditional bank's strategic commitment to Banking-as-a-Service. SEB Embedded aims to provide financial infrastructure to platforms and fintechs.