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New agreement partner and framework agreement in the fintech area

Financial Services Union Denmark (Finansforbundet) has reached an agreement with the new Employer’s Association for Fintech (Arbejdsgiverforeningen for Fintech) on a framework agreement and main agreement that defines the outline for the companies’ pay and working conditions.

The new framework agreement applies to all Employer's Association for Fintech's (Arbejdsgiverforeningen for Fintechs) member companies with 10 full-time employees or more.

“We are extremely pleased with the new employer’s association and the constructive cooperation we have with the companies regarding conditions for their employees. This is an industry with both growth and a future”, says Kent Petersen, President of Financial Services Union Denmark (Finansforbundet).

“We have seen massive growth in the Danish fintech space, and we have reached a level where it is important for both companies and employees to get a collective agreement. It is an important part of the Danish model and we are proud to help to create a framework that will let the fintech companies thrive and make sure our most important asset - our employees - will thrive even more”, says Peter Smith, bank CEO in Lunar.

"We have achieved a good and completely new collective employers’ agreement that clearly shows that fintech is a less complex industry compared to traditional banks. With the new fintech collective agreement we get a flexibility that works for Nordnet Denmark. That has been important for us", says Anne Buchardt, Country Manager for Nordnet Denmark.

“We are very pleased to be part of this new organization for Danish fintechs. This will enable us and all of our peers in the industry to join a collective agreement suitable for the rapidly growing fintech industry”, says Lars Sjögren, CEO of P27.                

“This is an important step we have taken in terms of pay and working conditions in the fintech area. From the beginning, we have been involved in Copenhagen FinTech, and I see the agreement as an important step in the further development of fintech as an industry in Denmark. In our view, this is proof that it pays to boldly invest and engage in courageous visions and a more long-term development”, says Kent Petersen, President of Finansforbundet (Financial Services Union Denmark).

So far, the employer’s association consists of the companies Lunar Bank, Nordnet, and P27 Nordic Payments Platform, with more on the way.

Employer’s Association for Fintech (Arbejdsgiverforeningen for Fintech) is a member organisation of the main organisation The Danish Employers’ Association for the Financial Sector (Finanssektorens Arbejdsgiverforening).

Facts about Danish fintech:

  • The fintech companies are characterised by using new technology to specialise in specific financial niche areas.
  • More than 2,300 new Danish fintech start-up jobs have been added in the period 2015-2019.   
  • In September 2020, finance and fintech were designated as a new official Danish strong point in the new business support system.

For more information, please contact:

  • Ditte Vibe Petersen, Communications Consultant, Financial Services Union Denmark (Finansforbundet), : +45 50874623 / e-mail: dpe@finansforbundet.dk
  • Cathrine Kier, Responsible for Press, Lunar Bank, tlf: +45 20684510 / e-mail: press@lunar.app
  • Sigga Nolsøe, communications manager, Nordnet Danmark, tlf. +45 31543651 / e-mail: nolsoe@nordnet.dk
  • Martin Georgzén, communications manager, P27 Nordic Payments Platform, tlf. +46 73 023 3607 / e-mail: georgzen@nordicpayments.eu