Fintech—Denmark—Q&A guide

The following TMT practice note provides comprehensive and up to date legal information covering:

  • Fintech—Denmark—Q&A guide
  • 1. What is the general state of fintech innovation in your jurisdiction?
  • 2. Do government bodies or regulators provide any support specific to financial innovation? If so, what are the key benefits of such support?
  • 3. Which bodies regulate the provision of fintech products and services?
  • 4. Which activities trigger a licensing requirement in your jurisdiction?
  • 5. Is consumer lending regulated in your jurisdiction?
  • 6. Are there restrictions on trading loans in the secondary market in your jurisdiction?
  • 7. Describe the regulatory regime for collective investment schemes and whether fintech companies providing alternative finance products or services would fall within its scope.
  • 8. Are managers of alternative investment funds regulated?
  • 9. Describe any specific regulation of peer-to-peer or marketplace lending in your jurisdiction.
  • More...

Fintech—Denmark—Q&A guide

This Practice Note contains a jurisdiction-specific Q&A guide to fintech in Denmark published as part of the Lexology Getting the Deal Through series by Law Business Research (published: July 2020).

Authors: Plesner Advokatpartnerselskab—Rasmus Mandøe Jensen; Christian Scott Uhlig

1. What is the general state of fintech innovation in your jurisdiction?

In recent years, the fintech sector has experienced significant growth in Denmark. This has been facilitated by:

  1. a highly educated and digitally literate population;

  2. a high degree of digitisation of public sector systems;

  3. the support of specific government policies aimed at promoting fintech innovation; and

  4. the development of Copenhagen as an international fintech hub.

Under the auspices of Copenhagen Fintech (https://copenhagenfintech.dk/), a dedicated fintech lab opened in Copenhagen in 2016 (https://copenhagenfintech.dk/startups/copenhagen-fintech-lab/) and has become a central hub for fintech activity in Denmark.

In recent few years, a number of partnerships between fintech start-ups and banks have been announced, which reflects the current trend of fintech companies seeking to partner and cooperate with existing financial sector bodies rather than attempting to be in competition with and opposition to them.

While there has been significant activity in traditional fintech core areas such as payments and investment services, ancillary areas such as regtech and insurtech remain less developed, but are expected to grow in the future.

2. Do government bodies or regulators provide any support specific to financial innovation? If so, what are

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