HELSINKI 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)
Trending On Reuters
Michael Dell and Silver Lake Partners underpriced their 2013 $24.9 billion buyout of Dell Inc by about 22 percent and may have to pay tens of millions to investors who opposed the deal for the computer maker, a Delaware judge ruled on Tuesday. Full Article
- Bitcoin hits two-year high as yuan worries drive Chinese demand
- Facebook, Twitter, YouTube, Microsoft back EU hate speech rules
- Dismay in oil Twitterverse upon popular U.S. crude trader's exit
- Microsoft CEO visiting China as anti-trust probe nears third year
- Video: Could 3D printing replace plaster casts?