Danske Bank's CEO sees app as competitive edge - paper

HELSINKI Mon Jan 13, 2014 6:03pm IST

General view of branch of Danish finance institute Danske Bank in Copenhagen, November 5, 2013. REUTERS/Fabian Bimmer/Files

General view of branch of Danish finance institute Danske Bank in Copenhagen, November 5, 2013.

Credit: Reuters/Fabian Bimmer/Files

Related Topics

Stocks

   

HELSINKI (Reuters) - Danske Bank (DANSKE.CO) holds a competitive edge because it is the only Nordic bank with a single technological platform, enabling it to distribute new services from one country to another, its chief executive said.

"We are planning to use the digital offering as our number one competitive edge in every direction," Thomas Borgen said in an interview in Finnish business daily Kauppalehti on Monday.

More than 920,000 Danes have downloaded the bank's mobile payment service MobilePay, which was launched in May 2013.

Borgen said he believes technology offers endless possibilities for a bank as cash is predicted to almost disappear within 5 to 10 years.

"We at Danske Bank must take a similar role to Steve Jobs' Apple (AAPL.O) in offering easy-to-use banking applications. The aim is to be the number one in Nordics," Borgen said.

Borgen reiterated that he expected a dividend could be paid this year.

(Reporting By Jussi Rosendahl, editing by Teis Jensen)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Tech Buzz

Reuters Showcase

New iPhone?

New iPhone?

Apple invites media to Sept. 9 event; new iPhones anticipated.  Full Article 

Tracking Heartbeat

Tracking Heartbeat

U.S. startups get OK for smartphone-based heart tracking.  Full Article 

Hi-Tech Watch

Hi-Tech Watch

Samsung unveils smartwatch that can make calls.  Full Article 

Bitcoin Usage

Bitcoin Usage

Bitcoin shows staying power as online merchants chase digital sparkle  Full Article 

Snapdeal Investment

Snapdeal Investment

Ratan Tata invests in online retailer Snapdeal  Full Article 

Patent War

Patent War

U.S. judge rejects Apple bid for injunction against Samsung.  Full Article 

Open Data

Open Data

In democracy and disaster, emerging world embraces 'open data'.  Full Article 

Pioneer Science

Pioneer Science

Whole organ 'grown' inside animal for the first time.  Video 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage