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Denmark and Ontario sign FinTech agreement

14.12.2017  20:31

Toronto, Ontario

On December 11th, Denmark and the government of Ontario signed a Fintech Memorandum of Understanding (MoU). This marks the beginning of an innovative future where financial technology (FinTech) companies and banks look to each other’s ecosystem to share best practices and lessons learned. Denmark, being the most digitalized country in Europe, will be an exciting market to expand to for Canadian FinTech companies. In addition, Danish companies can tap into Canada’s great talent mass and exciting ecosystem.

This MoU supports both countries’ combined effort to make it easier for FinTech companies to create better products and share our common innovative mind set in a mutually beneficial manner.

The agreement opens up a potential for collaboration on many levels - from start-ups and academic research, to sharing how the regulative area can foster innovation within the financial sector. FinTech lowers the barriers to banking and can create growth for both individuals and companies.


On-going collaboration and innovation

Monday December 11th marked a historic day for FinTech companies and the governments of Denmark and Ontario. Minister Reza Moridi from the Ministry of Research, Science, Innovation, and Thomas Krogh Jensen, CEO of CPH FinTech signed the Memorandum of Understanding.

The signing was witnessed by Danish Ambassador to Canada Niels Boel Abrahamsen, who also gave a speech on the exciting cooperation between Canada and Denmark that can now being taken to new and innovative heights.

The signing of the MoU was made possible through a strong coordinated effort between the Government of Ontario and the Ministry of Foreign Affairs of Denmark. 

The Danish Trade Council in Canada will gladly provide more information on the agreement and you can visit them on LinkedIn HERE.