[CRConrad]

> Especially that last part makes me extremely skeptical that the Swedish government would be OK with handing over the keys to their economic kingdom to cheap digital labor abroad so a company might save some money.

Well, to begin with, the Swedish government seems to have known for a rather long while that Nordea has been doing quite a lot of other shady shit abroad, and still stuck with them... From your own WP cite, a bit further down: https://en.wikipedia.org/wiki/Nordea#Scandals .

Not that the Swedish government is much of a guarantor against sending sensitive data abroad in the first place: They were quite OK with the Swedish Transport Agency letting a contractor (Oh look, IBM again!) hand over data, including higly secret (protected identities, military vehicle registry, security van routes and timetables) to sub-contractors abroad with no Swedish security clearances: https://simple.wikipedia.org/wiki/Swedish_Transport_Agency%2... (very cursory article; much more in the Swedish-language version). So them trusting Nordea... Isn't much of a recommendation for Nordea either.