A multi-asset trading and investment infrastructure outsourced to banks, brokers, fintech, insurance and asset managers with an undisclosed operating model. The agreement is the culmination of lengthy preliminary discussions on the development of a comprehensive digital investment solution that allows banks to access Saxo Bank`s award-winning platforms as well as tailored consulting solutions. Founded in 1992, Saxo Bank was one of the first financial institutions to develop an online trading platform offering private investors the same tools and market access as professional traders, large institutions and fund managers. Saxo combines an agile fintech mentality with nearly 30 years of experience and a track record in global capital markets to deliver a state-of-the-art experience for its customers. The Saxo Bank Group has four banking licences and is well regulated worldwide. Saxo offers customers around the world extensive access to global capital markets across asset classes, where they can exchange more than 40,000 instruments in more than 20 languages from a single margin account. The Saxo Bank Group also supports more than 120 financial institutions as partners by increasing the investment experience they can offer its clients through their open banking technology. At Saxo Bank, we have always believed in the strength of partnerships and the fact that we achieve the best results based on each other`s strengths. That is what this agreement is all about and it is a real win-win situation for all parties. I am convinced that we will see more partnerships like this in the european banking sector as a whole, because customers are demanding smarter, more digital investment solutions. This will give the banks` 500,000 customers access to Saxo Bank`s trading and investment solutions. Saxo Bank has signed white-label agreements with five banks by integrating with DEZA, a leading provider of data centers and IT infrastructure for more than 120 banks in Scandinavia, to provide customers with leading investment platforms and technologies. Saxo Bank and five Danish member banks of LADC (Sparekassen Vendsyssel, Sparekassen Thy, Middelfart Sparekasse, Fr`s Sparekasse and Jutlander Bank) have entered into a partnership agreement that will give the banks` 500,000 customers access to Saxo Bank`s easy-to-use and innovative trading and investment solutions.
Technical integration will begin in the second half of 2020 and the solutions will be marketed to customers of participating banks in the first half of 2021. In order to have full transparency and to separate the business of its customer exchanges from any commercial activity of prop, Saxo offers its white label partners a complete separate structure for any commercial accessories requirements they might have. The proprietary business structure will allow white-label partners to access all products offered by Saxo Bank under the same conditions as those they have in their white label structure. The products will be available on Saxo Bank`s extensive trading platforms. Saxo Markets, the institutional division of Saxo Bank Group, has announced the introduction of a new directive on the own-account trading of white-label clients.