The Digital Edge (1): Spar Nords ambitious digitalization

At Spar Nord, one of the largest Danish banks, Senior Vice President of Communication & Business Development Ole Madsen is right in the middle of Spar Nords ambitious digitalization.

Its a transformation project that Ole calls "one of the most ambitious in the world right now" - and a project that aims to change the way Spar Nord adopts new technology - and the way that the bank interacts with the customers.

Its a huge undertaking as few industries face the same massive challenges as the financial sector. For now.

The sector was originally on the very forefront of the early digitalization: Mainframes took over from dusty ledgers and home-banking accelerated the closure of the traditional local branches.

The banks that mastered the transition prospered in the wake of the massive savings.

Fast forward to 2019 and it is - ironically - the very digital nature of money that challenges the modern financial institutions - as they struggle to adopt new technologies while fending off new digital players, looking to capture a slice of the most profitable products.

So thank you for listening as we on The Digital Edge - together with Ole Madsen - explore how Spar Nord is meeting the digital challenge.

Hosts: Jesper Schleimann, Digital Transformation Officer, EMEA North at SAP and Lars Jacobsen, Editor-in-chief of Computerworld Denmark

Podcast website: Computerworld.dk/theedge