BankData Provides Inside View on Implementing PFM in 11 Banks in Denmark

Thomas Dalsgaard, head of digital customers at Bankdata, shares insights on BankData’s experience and results from working with Meniga to…

Thomas Dalsgaard, head of digital customers at Bankdata

In November of last year we proudly announced that Bankdata, one of the largest providers of IT services to banks in Denmark , and Meniga had collaboratively completed the impressive project of implementing and launching Meniga’s Personal Finance Management (PFM) solution in 11 banks in Denmark, including the country’s third largest, Jyske bank. The solution reaches over one million customers, representing 20% of the Danish retail banking market. In the below video you can hear what Thomas Dalsgaard, head of digital customers at Bankdata, had to say about working with Meniga on implementing PFM in 11 Banks in Denmark.

“In the time we have worked with Meniga, we have only met very passionate and professional people. People who are dedicated about their own product, dedicated to give us a good experience with their product and dedicated to make our implementation a success for us.”

Bankdata chose to partner with Meniga, the European leader in PFM software, to enhance the digital platform of the 11 Danish banks it serves and to improve user experience in their online and mobile banking platforms. Key features include automatic categorization and visualization of expenses, a single view of transactions from all accounts and cards, and ultra-fast search functionality. The aim is to allow online and mobile banking users to intuitively and effortlessly understand and manage their household’s finances.

An example of one of Bankdata’s online banking systems: transaction timeline

About Bankdata
Bankdata was founded in 1966 and is one of the biggest financial IT companies in Denmark, providing comprehensive IT solutions, reliable banking services, and maximum security to 11 Danish banks, including Jyske Bank and Sydbank, which are ranked as the third- and fourth-largest banks in the Danish market respectively. All 11 banks are members of the Bankdata organization and are active participants in the planning and development of Bankdata’s activities.

About Meniga
Meniga was founded in 2009 and is the European market leader of white-label Personal Finance Management (PFM) and next-generation online banking solutions, reaching over 35 million online and mobile banking users across 17 countries. Meniga’s award-winning solutions help retail banks across the world dramatically improve their online and mobile banking user experience through innovative solutions designed to get people to think about and engage with their finances. Meniga was awarded Best of Show in 2011, 2013, and 2015 at Finovate Europe, Europe’s most prestigious financial technology conference. Meniga’s offices are in Reykjavik, Stockholm, and London.