Denmark’s Danske Bank has been selected as the official bank partner for the Nordic and Baltic Fintech initiative- Lighthouse Development Program, established jointly by Mastercard and Sweden-based, NFT Ventures.

According to the bank, The Lighthouse program is a collaboration between prominent Nordic banks, global financial companies and fintech startups. It allows the partners to work with and guide the startups in the course of their businesses.

“We strongly believe that we can create more value for our customers through partnerships, which is a core pillar in our strategy, and we are looking forward to taking part in the Lighthouse program. We expect it to be a great opportunity to build partnerships with talented Fintech’s through Mastercard’s global network,” said Morten Schwaner, Head of Card & Mobile Payments, Danske Bank.

Mats Taraldsson, Head of Digital Development and Fintech Engagement from Mastercard, “Danske Bank has already played a large role in the Danish Fintech ecosystem, and we are excited that Danske Bank will be official banking partner for Lighthouse in Denmark,” says Mats Taraldsson. “Danske Bank joining the Lighthouse program as our Danish banking partner reaffirms our ambition that Lighthouse should be the best place to build partnerships with not only Mastercard but also the leading banks we work with.”

The Founding partner of NFT Ventures, Johan Lundberg said: “We saw a void in the market for Fintechs that have found their initial product-market fit and are in a position to really grow by working with incumbent players and their large networks. Lighthouse is unique in that sense and serves as a platform for Fintechs to connect with incumbents. That is why building a strong network of banking partners is key and Danske Bank has done a tremendous job of being active in Danish Fintech and will make a great addition to the Lighthouse program.”

The Lighthouse program currently has 15 fintechs from 3 countries attending its first ever session in Copenhagen.

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by Megha Bhattacharya
Market Analyst at IBS Intelligence
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