On the top floor of Finansforbundet's redbrick building in central Copenhagen, lights are rarely out as entrepreneurs work 24/7 to come up with tomorrow's financial technology. The incubator environment, part of Copenhagen Fintech, will be formalised as the Copenhagen Fintech Lab, which will be inaugurated end October. The Lab is expected to accommodate up to 100 entrepreneurs working with blockchain technology, the handling of big data, wallets, investment platforms, digital consultancy, credit risk rating model development etc.
Copenhagen a potential fintech hub
According to a recent study, Copenhagen has a number of strengths that would support its position as a fintech hub. The Nordic region is characterised by an early and widespread adoption of digital technology and the Danish workforce is relatively inexpensive. In addition, the country has a tradition of close collaboration between private enterprise and public authorities.
The vision behind Copenhagen Fintech is to develop Copenhagen into a leading Nordic FinTech ecosystem within the next three years. The ecosystem will support Denmark's position within the development of world-class digital financial solutions and create optimum conditions for the continued development of FinTech in Denmark.
Says newly appointed Director of Copenhagen Fintech, Thomas Krogh Jensen:
"I can't wait to get started on this. It's quite unique, the way so many stakeholders join forces to create growth and jobs in the financial sector through innovation and entrepreneurship. I'm very passionate about accomplishing our mission."
Susanne Brønnum, Group Executive Vice President and Country Manager for Denmark, Nets, is member of the board and excited about the prospects of the new cross-industry collaboration:
"It is crucial that Copenhagen exploits its untapped potential if we as a company are to attract great people and great ideas. Founding Copenhagen Fintech is an important step in this direction, and we are proud to be founding partner," says Susanne Brønnum.
“Keeping a close working relationship with start-ups is essential for a company like ours to remain at the forefront of financial technological advances,” says Susanne Brønnum, Country Manager for Denmark and Group Executive Vice President at Nets.
For further information, please contact:
Andreas Kaus Jensen, Manager, Public Affairs, akjen@nets.eu or 29482037.
