Frontpage News 2016 A new association ...

A new association will develop Danish FinTech

22 September 2016

Seven partners and four sponsors have collaborated to create Copenhagen FinTech – a new association that will develop an eco-system for FinTech entrepreneurs in Copenhagen.
FinTech – a compound of Financial Technology – is one of the fastest growing sectors on a worldwide scale. In brief, it covers digital products within the financial sector, such as mobile payment solutions.
“The future is digital – also in the financial sector – and there is a huge potential for developing products that can change the way we pay or run financial business,” says the future CEO of Copenhagen FinTech, Thomas Krogh Jensen, who will begin on 1 December.
“Denmark has a huge potential to become a strong FinTech centre in the Nordic region. The scene is set with a top class financial infrastructure, innovative entrepreneurs, an academically strong university environment, a digitally-oriented public sector, IT-ready citizens and an appointment as one of the best countries in the world, in which to set up a company,” Thomas Krogh Jensen emphasises.
Copenhagen is already home to a range of FinTech companies, but if the city is to seriously make itself known internationally as a gathering point for innovation, then it needs investment. Therefore, a solid economic foundation in the form of partnerships and sponsorship agreements with several organisations and companies has been secured for the new association.
Among initiators is the City of Copenhagen, which hopes to see growth and jobs in Copenhagen as a result of the efforts. Previously, a study showed that FinTech has the potential to create 10,000 new jobs in Denmark.
“Copenhagen should be the centre for FinTech in the Nordic region. We already have a highly developed digital infrastructure and a strong business environment for entrepreneurs. We have the framework to take the lead and the talent is right under our noses. Copenhagen FinTech will contribute to strengthening established parties and gathering new talent,” says Anna Mee Allerslev, Chairman of the Committee for Employment and Integration for the City of Copenhagen.
The association is launching, amongst other things, a co-working space under the name Copenhagen FinTech Lab, where entrepreneurs take lodgings and become part of a FinTech environment with sparring from established companies and other entrepreneurs.
Copenhagen FinTech replaces the association, CFIR, Copenhagen FinTech, Innovation & Research, which worked on putting FinTech on the agenda in Denmark since 2009.
Copenhagen FinTech presented itself to the public at the conference, Fi-nance IT Day on 15 September at Industriens Hus at Rådhuspladsen in Copenhagen.
Further information:
Please contact Head of Media Relations at the Danish Bankers Association, Stine Luise Hansen, by phone: +45 3016 1009 or

See the programme and read more about Finance IT Day
Facts about Copenhagen FinTech:

- The Danish Bankers Association, Financial Services Union Denmark, the City of Copenhagen, Spar Nord, Sparekassen Sjælland, SDC and Nets are partners in the association and have a place on the board of directors.
- Djøf, Nordea, Festina Lente and Netcompany are sponsors.
- Copenhagen FinTech’s administrative base is at Finanssektorens Hus Amaliegade 7.
- Copenhagen Fintech Lab will be located in Financial Services Union Den-mark’s buildings on Applebys Plads.
Read more about Copenhagen FinTech Lab at
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