Subcategory: Blog

Connection is just the start, Schemes must get ready for increased engagement says Festina Finance

Posted on April 14, 2026 by - News, Press Release

Sunny photo of the London skyline, taken from the Tower Bridge.

PRESS RELEASE

14 April 2026

Festina Finance, a leading European provider of pension administration technology, today warned that while pensions dashboards are successfully delivering on data, many schemes remain underprepared for the member engagement and support that will need to follow.

Dan McLaughlin, UK Country Head at Festina Finance, said: “With roughly 60 million pension records and tens of millions of State Pension records now linked to the Dashboards infrastructure, around three-quarters of all relevant records, the Dashboards Programme represents the biggest step change in pensions engagement for decades. However, there is a real danger that schemes assume the work ends once connection is complete.

“With just six months to go until the 31 October 2026 connection deadline, the next challenge is operational. Once dashboards go live, member engagement is expected to surge, so schemes and administrators need to be ready - scaling capacity, handling more complex queries, and ensuring guidance is clear and consistent. This means thinking now about how member journeys will work in practice, where pressure points are likely to emerge, and having systems and processes that are able to respond quickly and frequently to meet the needs of rapidly evolving consumer needs.

“To prepare, schemes should review member communication journeys, identify the most common enquiries—from personal data questions to transfers or contribution reviews—and ensure consistent responses across teams. Estimated Retirement Income (ERI) figures are also likely to generate interest, so stress-testing service capacity, aligning internal processes and having to and through automation – with self-service at the heart - will be key to maintaining a high-quality member experience.”

McLaughlin continued: “Without this level of preparation and automation, increased visibility risks causing confusion rather than clarity, with members turning to informal or unreliable sources for guidance. Dashboards provide a strong foundation for transforming pensions engagement. While much of the technical work - data, connectivity, and calculations - has been completed, the focus must now shift to operational readiness and member support to turn visibility into meaningful outcome.”

ENDS

Notes to Editors

Festina Finance
Festina Finance is a leading Danish fintech company, developing advanced financial software systems for pension administrators, pension funds, insurance companies and banks across Europe.

Festina’s flagship platform, ‘FF Life and Pension’, is a modular, fully configurable system built to support the full spectrum of pension and life insurance products—including Defined Benefit (DB), Defined Contribution (DC), Collective Defined Contribution (CDC), and life insurance. The platform enables pension providers to choose only what they need, innovate products, streamline operations, respond swiftly to regulatory changes enabling them to deliver optimal outcomes for their members.

With an established strong track record in Denmark and the Netherlands, Festina Finance already supports Europe’s largest pension provider, managing over £500 billion in assets. The company is now scaling rapidly and is approaching €1 trillion in assets under administration and 9 million savers, cementing its position as Europe’s premier life and pensions software platform.

Festina Finance launched in the UK in 2025.

For more information, please visit www.festinafinance.com

Media Contacts
For all media enquiries please contact KBPR using the details below:

Kate Boyle

kate@kbpr.agency | 07930 442883

 

 

 

Pension systems must be designed around income decision for better member outcomes

Posted on March 10, 2026 by - News, Press Release

PRESS RELEASE

10 March 2026

Festina Finance, a leading European provider of pension administration technology, today said that pension systems that integrate the retirement income decision from the outset are far better positioned to deliver sustainable outcomes for members.

International experience, including recent research by the TIAA Institute on retirement income systems, highlights clear lessons that policy-makers and trustees  can adapt for the UK market.

Dan McLaughlin, UK Country Head at Festina Finance, commented: “The common thread internationally is that the retirement income decision is not treated an afterthought. When it is embedded from the outset, supported by clear defaults and robust governance, schemes make it significantly easier for members to secure more sustainable income for life. Countries such as Switzerland and Chile demonstrate that integrating income options directly into the member journey, through occupational plans or standardised national marketplaces, can increase engagement without mandating any particular choice.

“International evidence also highlights the benefits of adjustable or variable income arrangements, where payments can move within transparent rules linked to funding or longevity. These designs preserve the principle of lifetime income while improving long-term sustainability, which is particularly relevant to UK discussions around collective defined contribution (CDC) schemes. The retirement income decision does not need to lock members into fixed payouts. Well-governed, adjustable income models can balance security with flexibility, giving members both confidence and control.”

McLaughlin concluded: “Supporting the retirement income decision requires modern, adaptable administration systems. Many legacy platforms were designed and build for accumulation, not decumulation, and are not optimised for hybrid designs or on-demand income options and D2C self-service style services. When the income decision is integrated into the core pension journey, members engage with it more confidently and effectively. Research suggests that integration, not coercion, drives better take-up and better outcomes.

“Ultimately, this is not about replicating international systems. It’s about understanding how the retirement income decision is evolving, learning from what has worked elsewhere, and making sure the underlying infrastructure supports members to make confident and effective decisions.”

ENDS

Notes to Editors

Festina Finance

Festina Finance is a leading Danish fintech company, developing advanced financial software systems for pension administrators, pension funds, insurance companies and banks across Europe.

Festina’s flagship platform, ‘FF Life and Pension’, is a modular, fully configurable system built to support the full spectrum of pension and life insurance products—including Defined Benefit (DB), Defined Contribution (DC), Collective Defined Contribution (CDC), and life insurance. The platform enables pension providers to choose only what they need, innovate products, streamline operations, respond swiftly to regulatory changes enabling them to deliver optimal outcomes for their members.

With an established strong track record in Denmark and the Netherlands, Festina Finance already supports Europe’s largest pension provider, managing over £500 billion in assets. The company is now scaling rapidly and is on track to support  €1 trillion in assets and 9 million savers, cementing its position as Europe’s premier life and pensions software platform.

Festina Finance launched in the UK in 2025.

For more information, please visit www.festinafinance.com

Media Contacts

For all media enquiries please contact KBPR using the details below:

Kate Boyle
kate@kbpr.agency | 07930 442883

Festina Finance undertakes 1.4m member pension transition for APG

Posted on February 12, 2026 by - News, Press Release

apg amsterdam office

 

PRESS RELEASE

12 February 2026

Festina Finance, a leading European provider of pension administration technology, has supported the transition of three APG pension fund clients to the new Dutch pension system, covering a total of 1.4 million members which included the construction industry pension fund.

The transition forms part of the Netherlands’ wide-ranging pension reforms and represents one of the largest live examples globally of pension systems being redesigned at national scale. Festina Finance provides the underlying pension administration software supporting APG, Europe’s largest pension administrator, as it delivers this transition. APG teams have now taken the first step to transfer the data of the participants to the new administration system - Festina Life and Pension.

Jesper Lauritsen, Chief Technology Officer at Festina Finance, commented: “Transitioning 1.4 million members onto a new pension system is a significant operational undertaking.  Supporting that transition at scale requires resilient technology, accurate data and the ability to manage complexity without disrupting member outcomes. Delivering reform at this magnitude requires proven systems, deep operational experience and absolute confidence in the technology underpinning them. It also demands the ability to manage complex benefit structures, regulatory change, large-scale data migration and member communications at pace.

“What the Dutch experience demonstrates is that large-scale pension reform is achievable when the right digital infrastructure is in place, with real-time data integrity and flexible system architecture and operating models. These are not capabilities that can be bolted on at the last minute; they must be built in from the start.”

Dan McLaughlin, UK Country Head at Festina Finance added: “Digital transformation at scale is no longer theoretical. The technology already exists and is being proven in Europe’s largest pensions markets, showing how large ecosystems can modernise successfully when preparation, governance, and modern technology come together. This gives policymakers the freedom to focus on bold reform and business leaders the ability to concentrate on strategy rather than systems.

With foundations now firmly in place there is great opportunity for the UK to move from discussion to delivery - supporting meaningful reform and outcomes that genuinely improve the member experience.”

ENDS

Notes to Editors

Festina Finance

 

Festina Finance is a leading Danish fintech company, developing advanced financial software systems for pension administrators, pension funds, insurance companies and banks across Europe.

Festina Finance’s flagship platform, ‘F Life and Pension’, is a modular, fully configurable system built to support the full spectrum of pension and life insurance products—including Defined Benefit (DB), Defined Contribution (DC), Collective Defined Contribution (CDC), and life insurance. The platform enables pension providers to choose only what they need, innovate products, streamline operations, respond swiftly to regulatory changes enabling them to deliver optimal outcomes for their members.

With an established strong track record in Denmark and the Netherlands, Festina Finance already supports Europe’s largest pension provider, managing over £500 billion in assets. The company is now scaling rapidly and is approaching €1 trillion in assets under administration and 9 million savers, cementing its position as Europe’s premier life and pensions software platform.

Festina Finance launched in the UK in 2025.

For more information, please visit www.festinafinance.com

Media Contacts

For all media enquiries please contact KBPR using the details below:

Kate Boyle

kate@kbpr.agency | 07930 442883

 

 

UK schemes must act now on technology to seize CDC opportunity

Posted on October 13, 2025 by - News, Press Release

Netcompany's headquarter in Copenhagen

UK schemes must act now on technology to seize CDC opportunity says Festina Finance

 

PRESS RELEASE

** October 2025
Festina Finance, a leading European provider of pension administration technology, has urged UK schemes and administrators to act now to prepare their systems for upcoming Collective Defined Contribution (CDC) pension reform.

It will be possible for unconnected multi-employer CDC schemes to gain regulatory approval in 2026 and begin accepting contributions in 2027. Schemes must upgrade their technology and operational capabilities if they wish to participate and remain compliant and competitive.

Dan McLaughlin, UK Country Head at Festina Finance, commented: “CDC schemes are coming. We may not know exactly what form they will take, but they are coming, and providers need to be prepared, and this in introduces significant complexity for technology.

“CDC occupies a new space and requires a fundamental rethink of how we track, calculate, and communicate benefits on a collective and dynamic basis.”

McLaughlin added: “It’s a mistake to think that CDC administration can be based on reheated DB systems. There are significant differences as CDC pensions demand real-time tracking of collective fund performance and dynamic income adjustments based on actuarial modelling. This presents a unique challenge for administrators, who must:

• Implement new data models that account for pooled assets and shared risk.
• Build adaptive calculation engines for variable benefit payments.
• Deliver transparent accurate member communications that explain collective risks and benefits.
• Comply with regulatory reporting standards unique to CDC governance frameworks.

“CDC isn’t just another scheme type, that a systems upgrade will solve. It is a strategic shift that will require purpose-built solutions and fundamentally different tooling.”

McLaughlin concluded: “Despite the complexity, this presents a huge opportunity. CDC offers a scalable opportunity to potentially offer more stable retirement incomes without reverting to the high cost of DB provision. The technology uplift is real, but the prize is worth it.”

Notes to Editors

Festina Finance
Festina Finance is a leading Danish fintech company, developing advanced financial software systems for pension administrators, pension funds, insurance companies and banks across Europe.

Festina’s flagship platform, ‘FF Life and Pension’, is a modular, fully configurable system built to support the full spectrum of pension and life insurance products—including Defined Benefit (DB), Defined Contribution (DC), Collective Defined Contribution (CDC), and life insurance. The platform enables  ension providers to choose only what they need, innovate products, streamline operations, respond swiftly to regulatory changes enabling them to deliver optimal outcomes for their members.

With an established strong track record in Denmark and the Netherlands, Festina Finance already supports Europe’s largest pension provider, managing over £500 billion in assets. The company is now scaling rapidly and is on track to support more than £700 billion in assets and 8 million savers, cementing its position as Europe’s premier life and pensions software platform.

Festina Finance launched in the UK in 2025.

For more information, please visit www.festinafinance.com

Media Contacts
For all media enquiries please contact KBPR using the details below:

Kate Boyle
kate@kbpr.agency | 07930 442883

UK has a golden opportunity to rethink adequacy through a global lens, says Festina Finance

Posted on October 10, 2025 by - News, Press Release

UK has a golden opportunity to rethink adequacy through a global lens, says Festina Finance

 

PRESS RELEASE

31 July 2025

Festina Finance, a leading European provider of pension administration technology, is urging UK policymakers to rethink what ‘pension adequacy’ really means, and to look to other countries for tried and tested solutions for better retirement outcomes.

With the recently revived Pensions Commission to  eal with the second phase of the pension review and focus on adequacy, the firm argues it’s time to think bigger and consider deeper structural solutions. Other countries have already shown what’s possible when retirement systems are designed with outcomes in mind.

Daniel McLaughlin, UK Country  Head at Festina Finance, commented: “If we’re serious about adequacy the conversation needs to be bigger than whether 12% contributions are enough, we need to stop tweaking and start transforming. It is really encouraging to see the long-term and structural scope of  he Pensions Commission. This broad scope gives the Commission the ability to think about these structural and systemic issues. In countries high on the Mercer Index, contribution rates exceed 20%, coverage typically sits above 90%, and average earners retire with replacement rates of 70–85% and up  o 100% for lower earners. These outcomes haven’t happened by chance, they’re the result of intentional design; strong policy frameworks, a strong digital infrastructure, collective agreements and, crucially, a shared national commitment to adequate retirement income. These systems don’t just enrol  eople; they ensure outcomes are meaningful.”

He continued: “One key lesson is to shift focus from building pots to generating income. In some European systems, the mindset is different. People save with income in mind from day one, and not just to accumulate capital. That subtle shift in framing leads to better decision making throughout the  etirement journey. As an industry, we have the collective responsibility to encourage this shift toward income. Adequacy also goes beyond pensions alone. For instance, in parts of Europe, vulnerable citizens in receipt of the equivalent of the State Pension are automatically assessed for housing benefit via a digital system. It’s integrated, efficient, and dignified. That’s what adequacy should look like for people in practice.”

McLaughlin concluded: “The UK has a proud record of pioneering auto-enrolment. Now we need to raise the bar. We must redefine what adequacy really means, design with outcomes in mind, and build a system that delivers a dignified retirement outcome, not just savings, for all. Adequacy in the UK  needs a structural reset, and not just another percentage point.”

Notes to Editors

Festina Finance
Festina Finance is a leading Danish fintech company, developing advanced financial software systems for pension administrators, pension funds, insurance companies and banks across Europe.

Festina’s flagship platform, ‘FF Life and Pension’, is a modular, fully configurable system built to support the full spectrum of pension and life insurance products—including Defined Benefit (DB), Defined Contribution (DC), Collective Defined Contribution (CDC), and life insurance. The platform enables  ension providers to choose only what they need, innovate products, streamline operations, respond swiftly to regulatory changes enabling them to deliver optimal outcomes for their members.

With an established strong track record in Denmark and the Netherlands, Festina Finance already supports Europe’s largest pension provider, managing over £500 billion in assets. The company is now scaling rapidly and is on track to support more than £700 billion in assets and 8 million savers, cementing its position as Europe’s premier life and pensions software platform.

Festina Finance launched in the UK in 2025.

For more information, please visit www.festinafinance.com

Media Contacts
For all media enquiries please contact KBPR using the details below:

Kate Boyle
kate@kbpr.agency | 07930 442883

Festina Finance Expands into the UK Market

Posted on June 23, 2025 by - News, Press Release

Sunny photo of the London skyline, taken from the Tower Bridge.

PRESS RELEASE

London, 23 June 2025 

Festina Finance, a leading European provider of pension administration technology, today announced its expansion into the UK market.

 

Following several months of groundwork and local engagement, the company is now fully operational — delivering its next-generation Festina Life and Pension Platform to UK pension scheme administration clients across Defined Benefit (DB), Defined Contribution (DC), Collective DC (CDC) and life insurance. 

With a proven track record in Denmark and the Netherlands, the platform is on track to support over 8 million members and more than £700 billion in assets with clients including PensionDanmark, and the largest pension provider in Europe, APG. 

The Life and Pension Platform is a purpose-built, cloud-native administration system designed to streamline operations, allowing clients to focus on member value and strategic objectives. 

Its three core elements are: 

  • Modular, pace-layered architecture - Built on Gartner’s pace-layered methodology, the modular technology integrates into existing ecosystems and is delivered at the client’s pace and rate of change, creating the ability to avoid big bang digital transformations.
  • No code configuration – Clients can create and modify pension schemes, fees, and rules entirely through configuration — no additional coding or software development required. 
  • Strategic and operational freedom - the platform frees clients from the constraints of legacy systems, allowing them to focus on what truly matters: delivering commercial strategy, regulatory compliance, and outstanding member value through relentless proposition and product innovation. 

Portrait of Dan McLaughlin

Dan McLaughlin, UK Country Head at Festina Finance

Dan McLaughlin, UK Country Head at Festina Finance, commented: “From day one, the architecture of the platform has been intentionally designed to be configured for new markets. Therefore, entering the UK market was a natural and important step in our evolution as a company, and we do so with partners including Netcompany, an investor in Festina Finance. Over the past few months, we’ve quietly been laying the groundwork — listening, collaborating, and adapting to local needs. Today, we’re proud to pick up the pace of our UK roll and bring our proven, transformative and trusted administration technology to help build a more agile and responsive pension ecosystem in the UK. 

 

"Financial technology systems should empower rather than restrict. For UK schemes, dealing with legacy systems under increasing regulatory pressure, our platform will enable real agility, simplification, megafund scale and future proofing. Our clients can adapt products, processes and policies quickly and cost-effectively — whether that’s designing a new CDC scheme or tweaking existing DC or DB scheme rules — without long delays or costly change requests." 

 

 

McLaughlin continued: “The UK pension landscape is at an inflection point, with increasing complexity and member expectations colliding with legacy tech constraints, we want to break that cycle with a new era of pension innovation — where providers have the tools to deliver efficiently and members get the experience they deserve. 

“Ultimately, our goal is to give pension funds and administrators the freedom to focus on what matters most: strategy, value creation, and member experience — not workarounds, delays, or system limitations.” 

ENDS  

 

Notes to Editors  

Festina Finance
Festina Finance is a leading Danish fintech company, developing advanced financial software systems for pension administrators, pension funds, insurance companies and banks across Europe.     

 Festina’s flagship platform, ‘Festina Finance Life and Pension’, is a modular, fully configurable system built to support the full spectrum of pension and life insurance products—including Defined Benefit (DB), Defined Contribution (DC), Collective Defined Contribution (CDC), and life insurance. The platform enables pension providers to choose only what they need, innovate products, streamline operations, respond swiftly to regulatory changes enabling them to deliver optimal outcomes for their members. 

With an established strong track record in Denmark and the Netherlands, Festina Finance already supports Europe’s largest pension provider, managing over £500 billion in assets. The company is now scaling rapidly and is on track to support more than £700 billion in assets and 8 million savers, cementing its position as Europe’s premier life and pensions software platform. 

Festina Finance launched in the UK in 2025. 

For more information, please visit www.festinafinance.com  

Media Contacts 

For all media enquiries please contact KBPR using the details below:
Kate Boyle
kate@kbpr.agency | 07930 442883 

 

AZL and Festina Finance sign a long-term license agreement

Posted on October 11, 2023 by - News, Press Release

AZL and Festina after signing the license agreement

PRESS RELEASE

Heerlen, Wednesday, October 11, 2023 

AZL and Festina Finance have ratified their cooperation by signing a long-term license agreement. This establishes the Danish FinTech company as the cooperation partner for pension and unit-linked administration in AZL's new IT landscape.

Results
Earlier, AZL and Festina Finance signed a letter of intent. “We have already taken many steps over the past year,” indicates Alexander Baas, Director of Technology & Transformation at AZL.“ Behind the scenes, we have worked intensively to integrate the Festina Finance software into our new IT landscape, and the first trial migration has been carried out. We also tested whether the new system safeguards all functionalities of the updated product model, which implements the Future Pensions Act (Wet toekomst Pensioenen, Wtp). Of course, the latest legal changes were also included in the software to be developed and shared planning. This shows our joint commitment to a successful cooperation,” Baas said.

Looking ahead
Looking ahead, 2024 will, of course, be an important year. “That's when the Festina Finance Life & Pension software will be delivered for our first funds, which will transition to a new 'Solidarity Premium' scheme. The functionality for the 'Flexible Premium Scheme' will also be delivered next year. In addition, with a joint schedule, we will deliver further functionalities every quarter, with the aim of being able to implement the new regulations of our first clients who are transitioning to the Wtp completely in Festina Finance by January 1, 2025,” explains Baas.

Teamwork and trust
An important aspect of this collaboration is teamwork and mutual trust. “We have taken significant steps together with Festina Finance in a short time to build trust for a successful future collaboration,” said AZL's Director of Technology & Transformation. “The success of this partnership also hinges on relationships and implementations with our other vendors. It is essential that the entire chain, including our other partners, functions smoothly to ensure a successful transition to the updated pension system and optimal support for participants and employers.”

AZL and Festina Finance signing

From left: Monique Sueters CEO at AZL, Morten Schantz Founder at Festina Finance and Jos Gubbels CFO at AZL, signing the license agreement

Leading edge
Morten Schantz, founder and chairman of the board of Festina Finance, is pleased with the signing of the contract and sees many advantages in working with AZL. “Festina Finance's Life & Pension system is state-of-the-art, highly sophisticated and has a modular structure in three layers, making scaling up and automation easy. The system can handle the new laws and regulations and supports solidarity and flexible premium schemes as well as schemes in the nFTK.”

AZL and Festina Finance are convinced of the quality of this system and its successful implementation in AZL's overall IT landscape. It is a state-of-the-art system that gives AZL a huge edge in the Dutch pension market.

About AZL
For over 55 years, AZL has provided administration and advice to dozens of pension funds for a total of some 1.3 million participants. Pension funds, employers and their employees strive for an optimal and future-proof collective pension. AZL makes this shared aspiration possible. In the rapidly changing pension landscape, cooperation is the key. Because together you can do more, learn from each other and share costs and risks. This benefits everyone. Thanks to our deep-rooted knowledge of pension matters and a wealth of experience, we reliably implement dozens of unique pension schemes. By working intensively with diverse clients to find answers to their specific questions, we are the experts in dealing with change. Through its partnership with NN Group, AZL is excellently positioned to provide all possible pension solutions, now and for the future.

For more information, images and interview requests, please contact:
Denis Geuenich
AZL Marketing & Corporate Communications Department
E-mail: communicatie@azl.eu
Tel: +31 (0)6 21 65 47 71

About Festina Finance and its software solutions
Festina Finance, founded by Morten Schantz, is a leading Danish fintech company developing advanced financial software systems for pension administrators, pension funds, insurance companies and banks. The two main products are the Festina Finance Life and Pension Platform and the Advisor.
Festina Finance has more than 120 employees with 10 – 30 years of experience within the sector.

The Life and Pension Platform
The Festina Finance Life and Pension Platform is a leading solution for Policy administration platform for pensions, a suite of connected systems for handling market-based interest products and G82 products.
A cloud-based solution enabling the calculation of more than 1 million policies in less than 15 minutes

The solution is divided into components, which means that it can handle either payments in and out or unit link as separate solutions.

The Life and Pension Platform was originally developed and delivered to Pension Danmark in 2021 and is currently being implemented at AP Pension in Denmark. In addition, implementation projects are ongoing with APG and AZL in The Netherlands. With APG and AZL onboard, Festina will be the market leader in The Netherlands and serve more than 6 million end-customers.

For more information, images and interview requests, please contact:
Peter Klos
Head of Festina Finance Netherlands
Email: pk@festinafinance.com
Tel: +31 (0)6 14 59 53 99

Netcompany has acquired a 20% stake in Festina Finance

Posted on September 7, 2023 by - News, Press Release

Netcompany's headquarter in Copenhagen

Netcompany acquires a 20% stake in leading FinTech company to form a strategic partnership

Copenhagen, September 7, 2023:

Netcompany today acquired a 20% stake in the Danish based Festina Finance – a leading provider of software for the Life and Pension industry with a customer base in Denmark and the Netherlands. The strategic investment will accelerate the entry into new markets for Festina Finance and enhance Netcompany´s offering into the Financial Services Industry significantly.

Customers include large life pension companies like Pension Denmark, AP Pension and SDC in Denmark and APG and AZL in the Netherlands.

In addition, Festina Finance offers a “state-of-the-art” software solution used for the advisory role in banks. Customers on that platform more than 20 member banks in Denmark, as well as a few building societies in the UK.

The strategic investment in Festina Finance will significantly broaden Netcompany´s offering and competences within the Financial Services Industry to cover both insurance, life pension and banking in line with the strategy and ambition to increase presence in that sector further. The two solutions from Festina Finance can be enhanced with current Netcompany platform solutions such as Pulse, Amplio, Ami and DX4B, and thereby increase customer value substantially.

The partnership will add further security to customers of large-scale IT projects by utilising Netcompany´s capabilities and track record in managing and implementing large and complex IT solutions in time and at budget.

André Rogaczewski, CEO and Co-founder of Netcompany, says:

“I am excited that Festina Finance joins forces with the Netcompany Group. Festina Finance has proven to be able to develop scalable software solutions that can be implemented in multiple countries. The large-scale implementation projects that these solutions often require are a perfect match for Netcompany´s implementation capabilities, and we are certain that this investment will accelerate our growth in the Financial Services Industry throughout Europe significantly.”

Morten Schantz, Founder of Festina Finance, says:

“With the partnership that we are entering into with Netcompany we get to focus on what we do best – develop software solutions, while Netcompany gets to do what they do best – implement complex and mission critical IT solutions. To me that is a true “win-win” that will enable Festina Finance to accelerate its growth and together with Netcompany enter new markets.”

The investment of DKK 107m – all paid in cash - will not impact Netcompany´s financial guidance for 2023. Leverage will be increased by around 0.1-0.2x from the investment. Morten Schantz and the current executive management team will continue their roles in Festina Finance.

For media inquiries or more information, please contact:

Mikael Braagaard, CEO of Festina Finance: mikael@festinafinance.com +45 26807045 David Tarp, head of PR and Public Affairs, Netcompany: dtarp@netcompany.com +45 24852453

About Netcompany and its platforms

Netcompany was founded by André Rogaczewski and Claus Jørgensen in 2000 with the ambition to become a market leader within digitalisation in both the public and private segments in Denmark. In 2015 this ambition was enhanced to become a Northern European market leader and a presence was established in Norway, the UK and the Netherlands.

In 2018 Netcompany Group was introduced to the Copenhagen Stock Exchange as a Unicorn and in 2021 Netcompany Group acquired Intrasoft S.A with strong presence in both the EU and Greece and enhanced its ambition to become European market leader.

Today Netcompany Group is active in more than 10 countries and employs close to 8.000 staff.

Netcompany Group Platform offerings:

  • AMI - a platform for document handling, electronic mailbox, and communication with customers.
  • Amplio - a case management system platform based on leading case management systems delivered to multiple government entities in Denmark.
  • Pulse – real time data access platform based on the solution build for and implemented in Copenhagen Airport.
  • DX4B –is a standardized, modern, and future proof, cloud-based banking and finance solution, utilizing a revolutionary banking technology framework that standardizes and simplifies the overall banking architecture.
  • Airhart – a leading data driven digital platform for Airports developed together with Copenhagen Airport through the joint venture “Smarter Airport”. The platform is live in Copenhagen Airport.
  • Ermis – a leading solution for handling all aspects of customs in compliance with the MAPS program launched by the EU. Currently implemented in several countries within the EU.
  • NC Tax – a leading solution for managing all aspects of tax management with tax ministries and departments for European countries.
  • PERSEUS - a leading solution for social security management implemented in several countries within and outside Europe.

-

 

About Festina Finance and its software solutions

Festina Finance, founded by Morten Schantz, is a leading Danish fin-tech company, developing advanced financial software systems for pension administrators, pension funds, insurance companies and banks. The two main products are the Festina Finance Life and Pension Platform and the Advisor.

Festina Finance has more than 120 employees, with 10 – 30 years of experience within the sector. Revenue in 2022 was close to DKK 100m.

Festina Finance Platform offerings:

The Life and Pension Platform

  • The Festina Finance Life and Pension Platform is a leading solution for Policy administration platform for pensions, a suite of connected systems for handling market-based interest products as well as G82 products
  • A cloud-based solution enabling calculation of more than 1 million policies in less than 15 minutes
  • The solution is divided into components, which means that it can handle either payments in and out or unit link as separate solutions

The Life and Pension Platform was originally developed and delivered to Pension Danmark in 2021 and is currently being implemented at AP Pension in Denmark. In addition, implementation projects are ongoing with APG and AZL in The Netherlands. With APG and AZL onboard Festina will be market leaders in The Netherlands and serve more than 6 million end-customers.

The Advisor Platform

  • A complete advisory platform, enables advice for retirement planning, wealth management, investments, mortgages and loans – e.g., banks use it as the foundation for issuing loans and credits

The Advisor product was first implemented for SDC and has later been implemented by customers such as PensionDanmark and PFA.