ICDK SV is now home to Spar Nord's first office outside of Denmark.
Danish bank Spar Nord have sent their head of innovation, Kim Østergaard to Silicon Valley, to establish relationships and network with other
Valley based FinTech innovators.
The world of banking is being disrupted, a fact that Spar Nord is no stranger to. Rather than shy away from the new challenges presented by the changing sector, Spar Nord recognises the importance of the bank being at the forefront of technology, so much so that they have launched a new innovation strategy.
The innovation strategy will ensure the organisation's ability to continue to evolve, adapt and innovate, making the bank more attractive to both current and new customers.
At the core of the innovation strategy, is having a physical presence in Silicon Valley. However the purpose of the presence in Silicon
Spar Nord’s Head of Innovation, Kim Østergaard will begin by being based out of ICDK SV for two months, after which he will take regular business trips back and forth between Denmark and the US, to continue to expand his network with other innovation-driven companies.
Silicon Valley is the world's epicentre when it comes to technology. The largest tech companies are based in the area, which provides the right framework for Spar Nord to pursue new knowledge, which will hopefully contribute to helping the bank stand strong in the future.
Kim Østergaard said;
It is no secret that banks are constantly challenged to create new solutions for development. It is, therefore, vital that we not only think proactively, but innovatively to keep up with the times, and not let anyone who dares to seek and trial new technology, to a greater extent than us, overtake us.
The new office at ICDK is not the only element of the strategy. Spar Nord also have a development department called Future Finance, which brings together Spar Nord's partners with FinTech startups such as SubHub and