Festina Finance, a proven and trusted technology platform for life, pensions, and financial planning

Having searched for more than a decade to find a secure IT application to streamline its operations, PensionDanmark’s long search ended in 2019 when it partnered with Festina Finance, transforming the way it does business.

Serving the needs of PensionDanmark members has been a central part of Denmark’s largest public pension fund since it was first set up in 1992.

As one of the top 50 largest pension funds in Europe, with EUR 36bn under management and 780,000 members, it has five key values: openness, commitment to its members, professionalism, accountability, and innovation.

But to achieve its goal of providing the best service to its members, the firm came to a realisation in 2018 that it needed an IT partner that shared its commitment to using new technology to innovate.

“We wanted an administrative tool that was a departure from the complex and bloated IT systems that were widely used throughout the industry,” says Flemming Tovdal Schmidt, the chief operations officer at PensionDanmark.

At the start of 2015, following careful consideration with its clients, SDC implemented a digital advisory solution based on Festina Finance’s Advisor.

The SDC Group supplies IT services to more than 120 banks in the Nordic region, consisting of approximately 3 million banking customers. Headquartered in Denmark, SDC provides modern IT applications and infrastructure to support its clients’ business development, increasing their competitive edge with all-round solutions that create added value across national boundaries.

“The banks we work with have competitive products and great employees. Our role is to give them the quality tools needed to remain the natural contact point for people looking for financial advice,” says Jesper Scharff, CEO of SDC.

SDC looked beyond traditional advisory solutions and found Festina Finance to be an ideal solution and collaborative partner. Niels Aagaard Lorenzen, head of business development at SDC, explains:
“Working closely with Festina Finance, we now have a solution that is very easy to use. It is what we call a pure ‘drag and drop’ banking solution.”

Hinckley & Rugby Building Society has gone live with a digital system developed by Festina Finance to speed up the mortgage process.

Its mortgage team can process the customer interview, generate a Decision in Principle, instantly compare products and terms plus predict timescales. Ongoing development will see a personalised self-service online platform introduced later in 2019 for customers to use themselves.

Dean Waddingham, chief customer officer at Hinckley & Rugby, said: “The collaboration with Festina Finance illustrates Hinckley & Rugby’s forward-looking approach to working with fintech pioneers to enhance its offer.“

Hinckley & Rugby BS cut rate on 95% mortgage
The first step alone is a game changing innovation which will quicken each application’s journey from enquiry to completion.
It supports our staff adviser and the customer, from streamlining a smarter interview and Fact Find to improving the efficiency of the subsequent processing to deliver a quicker outcome.