Denmark digital banking market is estimated to grow at a significant growth rate over the forecast period. Denmark is moving towards digitalization at a rapid pace due to governmental support and private investments. The country is focused on digitalization in various sectors including finance and banking. With the digitalization across the country, digital banking market is estimated to grow as the availability of infrastructure and platform would increase. The economy of Denmark has continued its steady GDP growth of around 2% in 2018, according to the European Banking Federation. Since the beginning of the financial crisis, the banks of Denmark have gradually recovered.

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Denmark has one of the most digitalized financial sectors across the globe, and it is still evolving with initiatives such as a new mobile app for the online log-in solution, NemID, launched in 2010. This initiative was launched to fight against the increasing online crime that targets the banks and their customers. Much of the digital development has been achieved due to strong collaborations between the financial and the public sector. For instance, in August 2019, the Danish banking app Lunar Way received a banking license and $29 million in funding. The company, which started with a banking app, has now announced its plans to strengthen its position in Denmark and Sweden by using this fund.

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Denmark Digital Banking Market Segmentation

By Type

Corporate Banking

Investment Banking

Retail Banking

By Solution

Processing Services

Payment

Customer and Channel Management

Risk Management

Company Profiles

ACI Worldwide, Inc.,

Appway AG

Atos SE

Backbase BV

Capital Banking Solutions

CERALOGIX AB

Computer Services, Inc.

Cor Financial Solutions Ltd.

EBANKIT-OMNICHANNEL INNOVATION, S.A.

Etronika UAB

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