Fintech partnership accelerates development
Danske Bank wants to offer its business customers new and better digital products, and last year, Danske Bank therefore acquired 11% of Zenegy, which began operations in early 2017 and is already an established player in the payroll and HR market.
Integrating solutions is already at the core of the partnership, and now follows an expense management solution that makes it even easier for business customers to digitise and automate work that has so far been done manually.
CEO of Zenegy, Jes Tækker Stemann Brinch, makes no secret of the fact that the extended partnership with Danske Bank in connection with the development of an expense management solution has accelerated development and added a further business area to the company’s payroll and HR platform.
“This is a unique opportunity to reach many thousands of Danske Bank’s business customers. Clearly, it gives us a huge boost,” he says and continues:
“The combination of payroll and expense management offers many benefits, especially when it comes to personal outlays at businesses, which can easily and automatically be reimbursed via salary payments. This can bring significant administrative savings – not least for the large businesses.”
Facts about Zenegy
- Currently has more than 6,000 businesses on its platform
- Spent the first three years in the market maturing the product, especially for the large businesses.
- Has several major product launches coming in 2020, with another layer of integrated solutions coming on top of payroll, HR and expense management solutions.
The new expense management solution will also be part of District, Danske Bank’s online banking platform for business customers. Here, business customers can gather all financial data in one place and can add or remove modules and solutions, including, for example, expense management in relation to corporate cards.
Read more about District
Read more about Zenegy