What initiative, launched in 2017, aims to improve cross-border payments in the Nordic countries?

The initiative launched in 2017 that aims to improve cross-border payments in the Nordic countries is Project 27. This project was established with a focus on creating a unified payment platform across the Nordic countries to enhance and streamline the payments landscape. It includes collaboration among banks and payment institutions to facilitate faster, more efficient cross-border transactions, leveraging technological advancements and aiming for harmonization of payment systems in the region. The name "Project 27" reflects the idea of creating a seamless payment experience within the 27 payment infrastructures present in the Nordic countries, driving innovation and improving overall payment efficiency.