Finance Norway
Finance Norway, in Norwegian Finans Norge, is the trade and employers' association for the financial industry in Norway. The association is non-profit and non-party political, it is funded by membership fees, and it represents about 330 financial companies with about 46,000 employees, mainly banks, insurers, pension companies, debt collection companies and fintechs.
Finance Norway presents the views of the industry to politicians, government, authorities and consumers in Norway and abroad. As an employers' association it is a party to the collective agreements of the financial sector and negotiates each year with the union Finansforbundet and with LO, and it belongs to NHO, the largest employers' organization in Norway.
History and members
Finance Norway goes back to 1 January 2010, when the Norwegian Savings Banks Association and the Norwegian Financial Industry Association founded it under the name Financial Industry Association. When the Financial Employers' Association joined on 1 January 2013, the merged body took the name Finance Norway. The members range from savings banks and commercial banks to non-life and life insurers, pension companies, debt collection companies and fintechs.
Board and chair
Inge Reinertsen of SpareBank 1 Sør-Norge chairs the main board of Finance Norway. The board includes Kjerstin Braathen of DNB, Odd Arild Grefstad of Storebrand, Randi Marjamaa of Nordea, Geir Holmgren of Gjensidige, Sverre Thornes of KLP and Steinar Nielsen of Intrum, among others. Benedicte Bjerknes sits on the board as the representative of the employees.
Statistics and analysis
Finance Norway publishes statistics and analysis on banking, insurance, pensions and savings, debt collection and the labor market of the financial industry. Its regular reports include the expectations barometer Forventningsbarometeret, the skills survey Kompetansesjekken and a climate report. The monthly debt collection figures cover about 70 percent of the debt in collection in Norway.
Upcoming fintech and finance events in Europe
Cybersecurity, DORA and digital resilience
Finance Norway works to strengthen the digital resilience of the financial industry through knowledge sharing, guidance, policy work and cooperation across sectors. For the EU regulation DORA it has published a guide on supplier management, and further guides cover AI risk, personnel security and a roadmap toward quantum-safe finance. Nordic Financial CERT, one of the institutions in the Finance Norway group, provides cyber security protection for the industry.
Finansnæringens dag and other conferences
Each March Finance Norway hosts its annual conference Finansnæringens dag, which brings together close to 1,000 participants from the financial industry, the public sector and politics. The conference is also streamed online, and recordings of earlier editions can be watched afterward.
The yearly payments and digitalization conference of Finance Norway covers AI agents, payment security with BankID, EU digital regulation and the payment infrastructure of Norway. The association also runs conferences on pensions and on money laundering, and a working life day for employers in the industry.
Finance Norway Insurance services and the group
Finance Norway Insurance services, in Norwegian Finans Norge Forsikringsdrift, provides common infrastructure, guidelines and standards for the insurance industry. Other institutions in the group are Bits for banking and finance infrastructure, NoRe as administrator of financial benchmarks, FinAut for the authorization schemes of the industry and Norsk Gjeldsinformasjon, which runs the portal for consumer credit data.
Address and directions
The office of Finance Norway is in Finansnæringens Hus at Hansteens gate 2 in 0253 Oslo, west of the city center. Letters go to Postboks 2473, 0202 Oslo, and the organization number of the association is 996 549 488.
Finance Norway and Finance Loop
Banks and insurers in Norway and in Germany face the same questions on DORA, AI risk and the security of digital payments. Finance Loop members discuss these questions in the Risk & Compliance track and at events on digital finance in Frankfurt and other European cities.
Finance Loop is a professional network and has the goal of driving the institutional use of emerging technologies in finance, such as AI, tokenization, stablecoins, and DeFi. Finance Loop helps its members build skills and personal networks in these fields: Investment & Digital Assets, Payments & Digital Money, Digital Infrastructure & Sovereignty, and Risk & Compliance.