COPENHAGEN, Denmark, May 7, 2024
/PRNewswire/ -- Joining United Fintech's circle of institutional
investors, Danske Bank takes a seat at the board of a leading
industry-neutral Digital Transformation Platform alongside BNP
Paribas and Citi to support the bank's Forward '28 strategy from a
digital frontier. A move signalling that shared collaboration is
the way ahead for financial services as global banking enters a new
era of collective innovation.
Danske Bank A/S has become the third institutional investor in
United Fintech Group Limited securing the Nordic bank a rotating
board seat in the rapidly growing industry-neutral Digital
Transformation Platform:
"Danske Bank is very excited to join United Fintech and sees
great opportunities as per both collaboration within the existing
ecosystem of fintech companies, but also in being closer to the
future fintech investment processes and decisions. The partnership
allows Danske Bank to expand its exposure to innovative solutions,
ultimately benefiting our customer value proposition," says
Claus Harder, Head of Transaction
Banking & LC&I Business Development with Danske
Bank.
Digitally supporting the strategy
The investment will enable swift access to exploration of
cutting-edge fintechs through United Fintech's platform. Building
on collective efforts along +200 other financial institutions, this
will also allow Danske Bank to benefit from new strategic
partnerships and scalable ways of diversifying its digital
ambitions - and thus support the bank's Forward '28 strategy across
areas such as corporate banking, capital markets, wealth management
and API integrations:
"With a company backbone highly aligned with our Forward '28
strategy, United Fintech is an investment that provides a digital
edge and competitive advantage to support our strategy in terms of
both relevance and time-to-market when it comes to future
solutions. Furthermore, the investment in United Fintech will
generate possibilities to engage directly with fintechs that are
subscale; to support their growth while simultaneously helping fuel
our own digital transformation and growth strategy," elaborates
Claus Harder.
United Fintech: Broad industry shift underway
The announcement of Danske Bank's investment comes just
months after it was published on February
27 that BNP Paribas and Citi entered as institutional
investors in United Fintech.
According to United Fintech's founder and CEO, Danske Bank's
investment is not only a testimony to the Nordic bank's commitment
to shared collaboration on an industry-neutral platform, but the
financial industry as a whole, as the Unithed Fintech confirms it
is also in advanced talks with further strategic investors to join
its transformative journey, signalling a broad industry shift
towards collaborative fintech innovation as global banking enters a
new era:
"We are delighted that Danske Bank has decided to invest and
join United Fintech's industry-neutral Digital Transformation
Platform. Their innovative and forward-looking approach to digital
transformation is a cornerstone in our mission to build a
transformative platform. This commitment is instrumental in
addressing the industry's most pressing challenges through
collaboration, rather than isolated efforts. By uniting the
strengths of Danske Bank and our other banking partners, we are
setting the stage for a new era in banking where we move beyond
traditional silos to propel the industry into the digital
age," ends Christian Frahm,
CEO and founder of United Fintech.
About Danske Bank • For more than 150 years, Danske Bank
has helped enable growth and development in society. The bank has
developed in tandem with the societies it exits in providing
advisory services, expertise and financial solutions that have
helped individuals, families, businesses, and organisations to
realise their ambitions and potential. The bank helps customers in
eight countries, has more than 200.000 small and medium-sized
business customers and more than 35 percent of large corporates in
the Nordics. With long-term sustainable development
an ambition the bank will continue to work every day to be the
best possible bank, for the benefit of customers, employees,
shareholders and the societies it is part of.
About United Fintech • Founded in 2020, United Fintech is
an industry-neutral Digital Transformation Platform where global
financial institutions and cutting-edge technology providers come
together to unleash their full potential and enable the future of
finance. United Fintech remains on the frontier of innovation by
acquiring engineering-led fintechs within Capital Markets,
Wholesale Banking and Wealth Management under a central umbrella
and in just four years, the company has acquired five fintechs and
is on track to acquire many more. In 2024, United Fintech received
investments from BNP Paribas and Citi.
Contact • For more information, please direct media
enquiries to:
Ulrik Scheibye / ulrs@danskebank.dk / +45 4514 1400
Nic. Rossen / rossen@unitedfintech.com / +45 2072 9972
Download pictures of Claus
Harder of Danske Bank and Christian
Frahm of United Fintech here:
Harder and Frahm 1
Harder and Frahm 2
Harder and Frahm 3
Harder and Frahm 4
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