Danske Bank chooses SunTec to implement its Fee Management platform

By Leandra Monteiro

SunTec Business Solutions, a pricing and billing company, announced that it has been chosen by Danske Bank, a Danish multinational bank, for their enterprise-wide Fee Management Program. SunTec will deploy its cloud-agnostic solution, Xelerate, in a SaaS model to modernise the bank’s fee and billing management processes.

SunTec Xelerate will help the Bank to access products and pricing via APIs, ensure faster time-to-market and provide flexible bundling options. This will improve sales processes leading to a better customer experience with more transparency and flexible pricing options.

Nicolaj Gudbergsen, Senior Vice President and Head of Digital Core Banking at Danske Bank said, “Implementing the right pricing capabilities is a critical step in the transformation of Danske Bank’s core banking engine. SunTec is providing a platform that supports our product roadmap, and provides the flexible technology we need, and enable us to digitize our workflows as we scale.”

Nanda Kumar, CEO & Founder of SunTec said, “We are happy to have been chosen by Danske Bank and we look forward to deploying our cloud-native solution to implement the Fee Management platform as part of their digital core modernization. Through this collaboration, we will enable Danske Bank to implement innovative and customer centric pricing models.”

With Xelerate the bank will benefit from agility, reduce revenue leakage, and enhance customer experience.