SDC and Netcompany to develop the future of banking services

SDC is signing a merger agreement with Netcompany. This new constellation is aimed to offer top tier solutions to bank personnel and clients. As part of the merger, SDC will be renamed to Netcompany Banking Services.

SDC and Netcompany are joining forces in a merger aimed to fundamentally transform the banking experience. This partnership brings together SDC’s modern banking platform with Netcompany’s critical societal solutions and expertise in AI, digital post, and technological innovation to create a groundbreaking shift for the entire banking market in Denmark and the Nordics, and eventually across Europe.

The partnership launches with the main objective of creating the future of banking services. This entails improved and more personalised counselling and service through new industry-specific and vendor-neutral banking services which, partially or in their entirety, can be offered across the entire European financial sector.

"This is a significant milestone in SDC's history, as we are now building upon past investments in the market's most modern core banking platform and future-proofed online and mobile banking. Together with Netcompany, we have a shared ambition to make the banking sector a driving force for digital innovation, setting new standards for the advice and service customers can expect from their bank. We will achieve the scale and development power necessary to enhance our competitiveness and create the market's strongest banking experience," says Klaus Skjødt, CEO at Sparekassen Kronjylland and Chairman of the Board in SDC.

André Rogaczewski, CEO Netcompany states:

“Digitalisation is the key driver for strengthening Europe's most critical societal areas. Netcompany already provides the digital foundation with our products and platforms in the areas of pension, tax and customs, transport and logistics, and now we are going to do the same in the financial services industry. With SDC's banking platform and Netcompany's innovative DNA, products, and platforms, we are looking into unprecedented opportunities for the entire banking sector. The main objective is to deliver top tier services in Denmark, Scandinavia, and the rest of Europe.”

With the merger, the entire customer experience is strengthened across SDC’s more than 50 banks. The customer experience will be integrated into one fully automated service, making personalised and differentiated counselling simpler for banking personnel and customers. This way, bank employees' time is optimised, allowing more time to provide the best possible advice to customers.

The merger is subject to customary regulatory approvals in Denmark, Norway, and the Faroe Islands and is expected to be finalised during the second quarter of 2025.