Tagged: danske bank

Fintech DMALINK Signs Danske Bank to Enhance Scandinavian Currencies Offering for Buy-Side

DMALINK, the EM-focused institutional FX ECN bolsters its Scandinavian currency presence. The firm revealed that Danske Bank A/S, has “added DMALINK as a platform to provide custom Scandinavian eFX pricing to its buy-side clients. The inclusion of Danske Bank in the DMALINK ecosystem “creates an… Read More

Nordea to Acquire Danske Bank’s Norwegian Personal Customer and Private Banking Business, Asset Management Portfolios

Nordea has entered into an agreement with Danske Bank to acquire its Norwegian personal customer and private banking business and associated asset management portfolios. The acquisition is an ideal strategic fit “for Nordea and will strengthen Nordea’s market position in Norway among household customers.” The… Read More

Danske Bank Selects Infosys as Partner to Accelerate Digital Transformation

Infosys (NYSE: INFY), which claims to be a global leader in next-generation digital services and consulting, announced that it has signed a strategic collaboration with Danske Bank, a Nordic Bank, to accelerate the bank’s digital transformation initiatives with speed and scale. This collaboration will help… Read More

Nordic Region’s Danske Bank Announces Forward ‘28 Strategy, Financial Targets for 2026

In recent years, Danske Bank has made fundamental changes to the bank, resulting in a more focused business with a reduced risk level and a strengthened organization. Simultaneously they have “focused on strengthening our commercial momentum, and Danske Bank is on a clear trajectory to… Read More

Danske Bank Fined €1.82M, Reprimanded by Central Bank of Ireland for Transaction Monitoring Failures

On 13 September 2022, the Central Bank of Ireland reprimanded and fined Danske Bank A/S, trading in Ireland as Danske Bank, €1,820,000 pursuant to its Administrative Sanctions Procedure “for three breaches of the Criminal Justice (Money Laundering & Terrorist Financing) Act 2010, as amended (the… Read More

Copenhagen’s Danske Bank Tests Quantum Communication for Enabling Secure Data Transfer

Researchers from DTU (Denmark’s Technical University) have for the first time taken quantum communication out of the lab and used it to “securely transfer” data at Danske Bank. This is considered a breakthrough in the development of digital communication and the “race against cyber criminals.”… Read More

Open Banking: Danske Bank UK Taps Aiia to Introduce Multi-Banking for Businesses

Northern Bank Ltd, doing business as Danske Bank UK, is confirming that it has teamed up with the European Open Banking platform, Aiia (acquired by Mastercard) to provide digital solutions to help its 20.000+ business and corporate clients via its business banking platform, District. The… Read More

Copenhagen’s Danske Bank has Laid Off 257 Workers as it Adapts to Structural Changes in Financial Sector

Copenhagen-based Danske Bank (CPH: DANSKE), a major retail bank with more than 5 million retail customers, recently laid off 257 workers and finalized voluntary redundancy terms with another 261 employees as part of the banking service provider’s 2-year strategic overhaul of operations. The recently announced… Read More

Copenhagen based Danse Bank Partners Fintech Zenegy to Automate Payment Processing with Corporate Cards

Copenhagen-based Danske Bank (CPH: DANSKE), a major retail bank with more than 5 million retail customers, has partnered with Fintech firm Zenegy in order to launch a new service that will automate the processing of payments made with corporate cards. The payment processing service will… Read More

New Estonian Government Proposes Tighter Anti-Money Laundering Restrictions, Higher Standards for Crypto Businesses

For the past few years, cryptocurrency businesses have been flocking to Estonia, attracted by the relaxed regulatory climate the country provided as it vied to be a leader in digital banking in the Baltics. According to ERR News: “The rapidity and ease with which foreign… Read More

To Align With EU and FATF Anti-Money Laundering Directives, Lithuania Ups Crypto Regulations

EU coins money Europe

Lithuania has been moving for some time to establish itself as a Fintech leader in the Baltics. According to the previous reporting at Crowdfund Insider, the country registered 35 new Fintechs in 2017, and in early 2018, Invest Lithuania Managing Director Mantas Katinas promoted the… Read More

Accused of Laundering $234 Billion, Danske Bank Ceases Most Banking in Russia and Baltic Countries

Close on the heels of Danske Bank being ordered out of Estonia this week for its alleged role in laundering funds totaling $234 billion USD for Ukrainian, Azerbaijani and Russian clients, Danske Bank has now announced it will be, “clos(ing) down its banking activities in… Read More

Danske Bank Now Offering Google Pay to Swedish, Norwegian, & Finnish Customers

Danske Bank recently announced its Danish, Swedish, Norwegian and Finnish customers with an Android phone are now able to add their Mastercard to Google Pay and make contactless payments. While sharing details about the Google Pay offering, Danske Bank stated: “A lot happens within the area of… Read More

170 State Personnel Raid Deutsche Bank Headquarters in Money Laundering Probe

A raid initiated yesterday at Deutsche Bank headquarters in Frankfurt has continued into today as 170 police, prosecutors and tax officials look for evidence of money laundering described in the Panama papers, Reuters reports. The raid has involved a comprehensive search of the offices of… Read More

Danske Bank Joins Forces With Nykredit, Accelerace, & Copenhagen Fintech to Create New Fintech Accelerator

Danske Bank announced last week it has joined forces with Nykredit, Accelerace and Copenhagen FinTech to create a new and ambitious accelerator dedicated to fintechs. The banking firm reported that the initiative has already secured more than DKK 1 million in funding from the Danish… Read More

Danske Bank Joins Commercial Banks Trade Finance Network Marco Polo

Denmark-based Danske Bank announced on Wednesday it has joined the Marco Polo Network, which is described as a network of commercial banks in the trade finance market. According to Danske Bank, the Marco Polo Network is a bank-focused network of platforms, combining the Corda blockchain technology… Read More

Danske Bank Launches 10-Week Sustainable Business Training Program for Nordic Startups

Danske Bank announced on Thursday it kickstarted a 10-week training program for 10 specifically selected Nordic start-ups. According to Danske, the program aims to help them fine-tune their business plan and increase their growth opportunities. Danske reported that from October 2018 to January 2019, all… Read More

Danske Bank Invests & Becomes Co-Owner of Danish Fintech Spiir

On Wednesday, Danske Bank announced it has invested millions in and has become the co-owner of the Danish fintech firm, Spiir. Founded in 2011 by Rune Mai and Gudmundur Hreidarsson, Spiir provides customers a platform for their personal finances. Its purpose is to make personal budgets both fun and… Read More

Danske Bank Announces Partnership With Swedish Fintech Minna Technologies

Denmark-based Danske Bank announced on Thursday it has joined forces with Swedish fintech Minna Technologies to offer customers access to a “Subscription Manager” solution, which gives them an overview of all their subscriptions and the possibility of saving both time and money. According to Danske Bank,… Read More

Fintecher Siirto Aligns Top Finnish Banks for Mobile Real-Time Payment

Siirto, a new Finnish fintech platform designed and implemented by Tieto on behalf of Automatia. The real-time multi-bank mobile payment platform was launched in Finland by three of the country’s top banks, OP Bank, Nordea and Danske Bank, according to a release. “The Siirto payment platform… Read More

Send this to a friend