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Danske Bank

Bank
BaaSSponsor Bank

Bank tracked in the Embedded Finance Index. Named by 2 companies, most often as their banking-as-a-service.

danskebank.com ↗Also analysed as a company — its own stack →
TypeBank
Used asBanking-as-a-Service, Sponsor bank
Rank#263 of 340 in BaaS
Buyers2 companies
HeadquartersCopenhagen, Denmark
Founded1871

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How companies use Danske Bank

2 companies name Danske Bank in their stack. The most common role is banking-as-a-service (1). A company can use the same bank for more than one thing.

Banking-as-a-Service1
Sponsor bank1
Danske Bank’s APIs · from Open Banking Tracker

Danske Bank publishes a developer portal with 3 API products, and 19 aggregators connect to it.

Developer portal
danskebank.com/openbanking ↗
Sandbox
Available
MCP server
hosted ↗
Readiness
PSD2 in progress · OB in progress
API products
Account Information Service ↗
Account information
Payment Initiation Service ↗
Payment initiation
Confirmation of Funds ↗
Funds confirmation
Reachable through
enable:BankingEnfuceEquens WorldlineFenaFinexerFintectureKlarnaNeonomicsopen-banking.ioOpenWrksPlaidSalt EdgeTinkTokenTrueLayerVolt+3 more
From Open Banking Tracker’s open dataset, record “Danske Bank”. Full API profile on Open Banking Tracker ↗
Background · from Danske Bank’s own dossier

Danske Bank is a 150-year-old Nordic incumbent, not an embedded-finance startup — it operates as the largest bank in Denmark plus a top-5 bank across Sweden, Norway, Finland and Northern Ireland. Post the 2018 AML scandal, strategy has focused on compliance investment (joint Nordic KYC utility), digital rails (ISO 20022 file integrations, PSD2/UK Open Banking APIs via a public developer portal), and — most recently — an accelerated AI push via AWS to modernise operations and expand wealth management. Embedded-finance strategy (Forward'28): rather than pulling customers into online banking, Danske embeds itself where corporate finance already happens — Premium APIs (2025) put account data and payment initiation inside ERPs and treasury tools, and the 2026 MCP Service pilot extends the same APIs to customers' AI agents, so the bank becomes the data-and-execution layer under accounting software, ERPs and agentic tools.

Recent developments
  • 2026-09-14Pilots an MCP (Model Context Protocol) Service: corporate customers connect their own AI agents to Danske Bank's Premium APIs to read balances, transactions and build cash-flow forecasts inside whatever agentic AI tool they use — billed as the first Nordic bank to connect business banking data to AI agents; positions the bank as "connective tissue" under accounting, ERP and AI tools rather than a destination. source ↗
  • 2026-09Danske Bank announces largest-ever investment in wealth management with a new advisory solution for affluent private clients. source ↗
  • 2026-09Ongoing share buy-back programme (weekly transaction disclosures). source ↗
  • 2026-07Interim report H1 2026: lending growth and strong credit quality. source ↗
Acquisitions
Sampo Bank2006
Finnish bank acquired to establish Danske Bank's Finnish presence.
Fokus Bank1999
Norwegian bank merged into Danske Bank to establish Norwegian operations.
Full dossier: Danske Bank’s own stack, layer by layer →
Who uses Danske Bank
2 companies disclose Danske Bank in their stack
Download “Built on Danske Bank” image ↓
LikvidoSwish
Buyer mix · 2 of 2 classified
Fintech / Consumer banking · 1Vertical SaaS / Accounts Receivable · 1
EU · 2
What the disclosures say
Likvido
“Debtor payments route into a Likvido-held account at Danske Bank before being paid out to the client.”
Swish
“Underlying bank accounts are provided by each member bank (Danske Bank, Handelsbanken, Länsförsäkringar, Nordea, SEB, Swedbank/Sparbankerna) — Swish itself is the switch and app, not a card issuer or BaaS.”
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What Danske Bank runs on · from its own dossier
The third-party providers Danske Bank itself discloses, layer by layer — the vendor as a buyer. Distinct from the companies above that disclose Danske Bank.
Card Network
Mastercard
KYC
Nordic KYC utility
Open Banking
Danske Bank Regulatory APIs
Full dossier with evidence for each layer →
Other banks in BaaS

Other banks named for BaaS in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.

Evolve Bank & Trust71 buyers →Sutton Bank63 buyers →Cross River56 buyers →Pathward48 buyers →ClearBank39 buyers →Thread Bank35 buyers →Community Federal Savings Bank30 buyers →GBank27 buyers →
Share this rank

An embeddable badge for Danske Bank’s own site — it always shows this page’s current rank, so it stays accurate as new disclosures land. States its own denominator; never claims a number this page doesn’t.

Ranked #263 of 340 in BaaS — Embedded Finance Index 2026
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       alt="Ranked #263 of 340 in BaaS — Embedded Finance Index 2026">
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Danske Bank — frequently asked

Which companies use Danske Bank?

2 companies are linked to Danske Bank in the Embedded Finance Index 2026, through their own public disclosures or Danske Bank's published customer list, including Likvido and Swish.

What do fintechs use Danske Bank for?

Danske Bank is a bank. Companies in the Embedded Finance Index 2026 name it as their banking-as-a-service (1) and sponsor bank (1).

What are the alternatives to Danske Bank?

The most-named BaaS alternatives to Danske Bank are Evolve Bank & Trust (71 buyers), Sutton Bank (63 buyers), Cross River (56 buyers), Pathward (48 buyers), ClearBank (39 buyers) and Thread Bank (35 buyers).

Where is Danske Bank headquartered?

Danske Bank is founded in 1871 and headquartered in Copenhagen, Denmark.

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