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Wednesday, June 19, 2024

Danske Bank invests in United Fintech, joins board for digital support in Forward ’28 plan

Danske Bank, a leading Nordic bank, has recently joined United Fintech’s circle of institutional investors, securing a seat on the board of a prominent Digital Transformation Platform. This move aligns with Danske Bank’s Forward ’28 strategy and signifies a shift towards collaborative innovation in the financial services industry.

By investing in United Fintech, Danske Bank gains access to cutting-edge fintech companies and new strategic partnerships, allowing the bank to diversify its digital ambitions across various areas such as corporate banking, capital markets, wealth management, and API integrations. Claus Harder, Head of Transaction Banking & LC&I Business Development at Danske Bank, emphasizes the importance of this partnership in expanding the bank’s exposure to innovative solutions for the benefit of its customers.

United Fintech’s founder and CEO, Christian Frahm, highlights Danske Bank’s investment as a testament to the industry’s move towards collaborative fintech innovation. This strategic collaboration with United Fintech and other banking partners aims to propel the industry into the digital age by addressing pressing challenges through shared efforts.

Established in 2020, United Fintech serves as an industry-neutral Digital Transformation Platform where global financial institutions and technology providers converge to revolutionize the future of finance. With acquisitions of engineering-led fintechs in Capital Markets, Wholesale Banking, and Wealth Management, United Fintech remains at the forefront of innovation and is poised for further expansion.

For over 150 years, Danske Bank has played a pivotal role in enabling growth and development in society, providing financial solutions that empower individuals, businesses, and organizations to achieve their ambitions. With a focus on sustainable development, Danske Bank continues to be a trusted partner for customers in eight countries, serving small and medium-sized businesses as well as large corporates in the Nordics.

As global banking enters a new era of digital transformation, collaboration and shared innovation are key drivers of success. Danske Bank’s investment in United Fintech underscores the bank’s commitment to embracing technological advancements and enhancing customer value propositions. This strategic partnership paves the way for a new era in banking, where industry players unite to drive collective growth and innovation.

For more information, please visit the official press release here: [Link to the official press release]

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