Danish pension fund joins Copenhagen Fintech

Industry organisation Copenhagen Fintech has now entered into an agreement with a pension company, and with that, its board of managers is gaining wider coverage of the financial sector. The company has already set up a specific fintech startup.

Peter Bangsgaard, Chief Commercial Officer (CCO) at Skandia.

A few banks, an insurance company, a data center, a payment service provider – and now a pension company. Copenhagen Fintech and Skandia have entered into a partnership, which means, among other things, that the pension company gets a managerial board position in the association that works to create a so-called fintech ecosystem in Denmark.

"This means that we are getting close to the environment in Copenhagen Fintech. Like this we can assess whether there are any startup companies out there that we find interesting and which we may be able to help out," says Peter Bangsgaard, Chief Commercial Officer (CCO) at Skandia, to AMWatch.

Has selected a startup

In addition, he sees opportunities for entering concrete collaborations with some of the startup companies that are part of Copenhagen Fintech's ecosystem.

"We already have a dialogue with a few companies out there that we have had dialogue with in the startup process. And we can already say that we are quite sure we will get a partnership with one of them," says Peter Bangsgaard.

A possible partnership will give Skandia access to new technology and knowledge that can help the pension company to better develop the right services for its customers, the CCO explains. He sees it as a unique opportunity for Skandia that the company is the first pension fund to enter into a partnership with Copenhagen Fintech.

Covers the entire field

At Copenhagen Fintech, CEO Thomas Krogh Jensen is pleased that, with Skandia's entry into the board, he has now covered the entire financial value chain. He says that Copenhagen Fintech has been in dialogue with a number of pension companies before the agreement with Skandia was concluded.

"Skandia has shown great interest in the kind of innovation we have to offer. I also think that it’s a good fit with the way they perceive themselves as a platform and a potential distribution channel, not only to themselves, but but also to other collaborators, such as fintech startups,” he says. Thomas Krogh Jensen hopes that the partnership can help further the innovative agenda in the pension sector.

What can Copenhagen Fintech offer Skandia?

"We can offer them exposure to the ecosystem and the more than 150 fintech startups in Denmark. There are also many aspects of our business that are not directly related to pension, but from a technological point of view, they may be interesting to a pension fund. So they get both direct contact with a number of companies and become more aware of where technology is going – blockchain, for example," says Thomas Krogh Jensen.

The list of partners with a seat in Copenhagen Fintech's board now counts Nord, Sparekassen Sjælland, Købstædernes Forsikring, data center SDC, Nets, Copenhagen municipality, Finansforbundet, Finans Danmark, and now also Skandia.

English Edit: Marie Honoré

Frontpage right now

Danish pension fund chief explains firing of veteran CIO

Denmark's EUR 9.5 billion pension fund PBU is firing its Chief Investment Officer Morten Schou, who has held the role since 2003. PBU's Chief Executive tells AMWatch why the CIO was ousted. He emphasizes that it had nothing to do with investment returns.

OECD: Germany to face increasing numbers of poor pensioners

Higher costs to cover state pensions, a large sub-class with few pension funds and particularly low pensions among women, as well as some completely without pension cover. The OECD's the latest pension report reveals Germany as a country in need of extensive reforms going far beyond the pension area.

New AMF Fonder chief sees big challenges for fund sector in 2018

"The funds sector is facing several major challenges in the next few year," says Jonas Eliasson, as he takes over as new CEO of AMF Fonder. The former Alfred Berg Fonder chief describes his new role as “fun and exciting” because of the task of making the company better able to succeed in the future.

Related articles

amwatch trialbanner.jpg

Latest news


See all

See all

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch