Scila AB

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Scila AB
Founded	2008
Headquarters	Stockholm, Sweden
Key People	Lars-Ivar Sellberg, Executive Chairman
Products	Market surveillance, risk management, compliance, anti-money laundering solutions
LinkedIn	Profile
Website	www.scila.se

Scila AB is a Swedish fintech company specializing in market surveillance, risk management, compliance, and anti-money laundering solutions for financial institutions, exchanges, and regulators.

History

Scila AB was founded in 2008 by a group of Swedish entrepreneurs, engineers, and financial technology experts to deliver advanced software for market surveillance and risk management in response to growing regulatory demands and technology-driven changes in financial markets. The period leading up to Scila’s founding was marked by increasing transaction automation, a proliferation of trading venues, and high-profile episodes of market abuse, prompting both regulatory bodies and market operators to seek robust automated detection systems.

The company’s first major product, Scila Surveillance, launched in 2009 through a sales and distribution partnership with Cinnober, a key technology firm within the Nordic fintech ecosystem. Early clients included Burgundy MTF in Stockholm, Hong Kong Mercantile Exchange, and, subsequently, the London Stock Exchange Group for EDX London. Over the next decade, major implementations at Deutsche Börse Group (Eurex and Xetra), Oslo Børs, and market authorities in Europe and Asia established Scila as a global provider.

In February 2011, the Energy Trade Data Reporting Scheme, a pilot project coordinated by the Financial Services Working Group of the European Energy Regulators and managed by Austria’s energy regulator, E-Control, selected Scila Surveillance to import and analyze historical trade data from energy exchanges, brokers, and traders for the initiative. The project was established to advance market transparency and support the European Union’s ongoing efforts to ensure market integrity in the energy sector.

Scila’s solutions expanded in scope with the development of compliance and anti-money laundering modules, responding to the MiFID II, Dodd-Frank, and ESMA regulatory waves. The company rapidly gained a reputation for reliable detection of market manipulation, with deployments in over 30 countries by the mid-2020s.

Products & Services

Scila AB delivers real-time surveillance, risk management, compliance, and anti-money laundering solutions. Its flagship offering, Scila Surveillance, provides detection of market abuse and manipulation across asset classes, regulatory reporting, and customizable alert generation for exchanges, banks, and brokers.

Additional solutions include:

• Scila Risk – A unified, multi-asset platform for real-time risk calculations and limit monitoring, with capabilities for “what-if” scenario analysis, portfolio valuation, and regulatory compliance tracking.
• Scila Compliance and Scila AML – Tools to track trading patterns, detect suspicious activity, automate Know Your Customer (KYC) and AML workflows, and meet global reporting standards.

Clients range from national exchanges and energy trading venues to international trading banks, proprietary trading firms, and regulatory authorities. Notable users have included Deutsche Börse, Stock Exchange of Thailand, Kazakhstan Stock Exchange, and KGI Securities Singapore.

Key People

Board of Directors

• 

  Lars-Ivar Sellberg, Executive Chairman, Co-founder of Scila AB

• 

  Maria Hedengren, Board member and Chairman of the Audit Committee, Board Professional and Senior Advisor, Venture Partner at Eight Roads

• 

  Bo Ax:son Johnson, Board member and Chairman of the Remuneration Committee, Investment Director at AB Max Sievert

• 

  Christian Tegenmark, Board member, Investment Director at AB Max Sievert. Chairman of Akind, Board member of Regin and Viken Group.

Management

• 

  Mikko Andersson, Chief Executive Officer

• 

  Fredrik Lydén, Senior Technology Advisor

• 

  Björn Thornquist, CTO

• 

  Mattias Sjöblom – Chief Operating Officer

• 

  Gustaf Gräns - Chief Product Officer

• 

  Lars Gräns, Head of Sales

• 

  Alex Lamb - Head of Americas

• 

  Mikael Ohlsson - Head of Product

• 

  Gustav Tano - Head of Operations

• 

  Fredrik Backlund, Head of Marketing & Communications

Risk Management

Controversies

Scila AB has not been the subject of significant regulatory controversy or high-profile public legal disputes as of September 2025, and its products are generally received as tools to mitigate, rather than contribute to, financial crime and systemic risk. Its clients’ use of the technology has sometimes been scrutinized in contexts where surveillance system effectiveness is debated by market participants or regulators, particularly during global conversations about the efficacy of automated detection for market abuse and fairness in trading venues.