Saxo Bank teams up with 5 Danish banks

This collaboration will provide new banking solutions for the customers

Saxo Bank teams up with 5 Danish banks. Source: unsplash.com

Saxo Bank has signed an agreement with 5 Danish SDC member banks. This involves Sparekassen Vendsyssel, Sparekassen Thy, Middelfart Sparekasse, Frøs Sparekasse, and Jutlander Bank.

The partnership will give the banks’ combined 500,000 clients access to Saxo Bank’s trading and investment solutions.

According to information, Saxo is developing a digital advisory tool, which can work together with the banks’ existing systems. It can simplify processes for the banks’ financial advisors by providing them with a full overview of their customers’ portfolios.

We’ve reported that Brits paid off a record £7.4 billion of debt in April during the lockdown. They paid off £5 billion in credit card debt alone in April, compared to £2.4 billion paid off in March.

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