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.

 

»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,« CEO André Rogaczewski states.

A significant milestone

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.

 

»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,« Klaus Skjødt, CEO, Sparekassen Kronjylland and Chair, SDC states.

»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.«

 

As part of the merger, Netcompany will pay DKK 1 billion to the owners of SDC. 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.

 

About SDC

• SDC is a full-service IT center that develops banking solutions for millions of bank clients across the Nordics. The company was founded in 1963 when a number of small banks came together with a vision of achieving economies of scale and digital accounting.
• SDC offers efficient and user-friendly IT-system to small and medium-sized financial institutions throughout the Nordics.
• The cross-Nordic collaboration differentiates SDC from the competitors – enabling economies of scale and the sharing of development costs.
• SDC has more than 900 employees in offices in Ballerup, Warsaw, and Bergen.