SVP Consumer Mgmt Services (CMS)
Mikko Rieger runs the CMS service at Nets throughout the Nordics. He has a background in Software
Platforms and European Telecoms and worked with Cloud adoption in Germany in recent years. From his
experience he sees the next development areas for back-end payment services that power the current
FinTech wave and financial institutions of tomorrow in (1) integration with the consumer journey, (2)
industry partnerships and (3) API layers including shaping data policies. As a talkative Finn, he’s happy to
exchange thoughts on those priorities over a cup of coffee or glass of good wine. Mikko is married, father
of three, with a dog as recent addition. He holds a Bachelor degree in Telecommunications, a Dipl. Ing. in
Computer Engineering and an MBA from the Kellogg School.
In which professional and non-professional areas you feel confident as an expert?
Professional: Consumer data awareness, culture of payment in Europe; non-professional: long distance
running, whiskys, Ideas for Europe.
What do you feel about the disruptions in the payment industry? What recent event /
innovation inspired or frightened you?
Inspiring Innovation: Bunq, a Dutch pure mobile bank, where accounts are created and discontinued as
part of events, discussions, friend groups, etc.
When choosing a business model, what characteristics do you expect are the most
Options and flexibility along the way.
How do you envision the role of banking and processing companies in 5 years?
Banking: aggregation and orchestration of a set of specialized services, providing a coherent
face/brand/presentation to the end-user, doing still the heavy lifting that TPPs don’t want to do (e.g.
regulatory requirements) like Telco carriers.
Processing: heavily consolidating regionally (e.g. like North America, Europe, Latin America, etc.), helping banks with one core area, need to renew business model from high CapEx to all OpEx.