Mandatum Life to launch new online trading service based on Saxo Bank’s investment and trading technology

Mandatum Life will launch a new online trading service based on the Saxo Bank Group’s (Saxo Bank) state of the art investment and trading technology in the first half of 2019.

COPENHAGEN, 26-Oct-2018 — /EuropaWire/ — The service opens up a uniquely broad global investment universe both for Finnish stock investors as well as advanced tools and services for active traders.

The instrument universe is truly extensive, including more than 35,000 different financial instruments from global capital markets including, stocks, ETFs, currencies, commodities.

“We see great potential in this market, as Finland is lagging behindother Nordic countries when it comes to investing. Mandatum Life wants to offer more alternatives for Finnish investors and the global dimension of Trader service brings new alternatives for global diversification to all Finnish investors.” the CEO of Mandatum Life Petri Niemisvirta says.

“Our mission is to make Finns wealthier, so this is a natural next step within our strategy.” Niemisvirta continues.

“The importance of digital services is growing all the time and we want to offer the very best tools for our clients.” Niklas Odenwall, VP, Trading and Execution Services, Mandatum Life, says.

“Clients can pick from several different investing and trading applications, so this is a very comprehensive offering catering to all investor segments with different levels of investment experience and wealth.” Odenwall says.

The technology behind Mandatum Trader is the groundbreaking Saxo Bank technology. Saxo Bank is a Danish fintech unicorn delivering global capital markets access and Banking-as-a-Service to partners. Saxo Bank’s investment technology forms the technology back bone of investment solutions for more than 120 financial institutions globally.

CEO and founder of Saxo Bank, Kim Fournais, comments:
“We are proud to partner with Mandatum Life and support the mission to provide Finnish investors with better global investment opportunities. Saxo Bank has always strived to democratize trading and investment to empower everyone with the best tools and opportunities to navigate their own financial destiny. With Mandatum Life’s new solution, Finnish investors and traders get a much better basis for managing their investments and build diversified portfolios across asset classes and geographies.”

Mandatum Life is responsible for onboarding and client identification, Saxo Bank is responsible for the trading services and the technical side of the platform.

About Mandatum Life

Mandatum Life is one of Finland’s most respected and solvent financial services provider and part of the successful Sampo Group. Mandatum Life offers a variety of services, including wealth management, investment- and saving service, personal risk insurances as well as incentive and reward solutions.

The entire stock of Mandatum Life Insurance Company Limited is owned by Sampo plc. Mandatum Life Group has operations in the Nordics and the Baltic countries. Mandatum Life has an estimated 250,000 private and 25,000 corporate customers.

MEDIA CONTACT

Steffen Wegner Mortensen
Head of PR and Public Affairs

+45 3977 6343
press@saxobank.com

ABOUT SAXO BANK

Saxo Bank Group (Saxo) is a leading Fintech specialist focused on multi-asset trading and investment and delivering ‘Banking-as-a-Service’ to wholesale clients.

For 25 years, Saxo’s mission has been to democratize investment and trading, enabling clients by facilitating their seamless access to global capital markets through technology and expertise.

As a fully licensed and regulated bank, Saxo enables its direct clients to trade multiple asset classes across global financial markets from one single margin account and across multiple devices. Additionally, Saxo provides wholesale institutional clients such as banks and brokers with multi-asset execution, prime brokerage services and trading technology, supporting the full value chain delivering Banking-as-a-Service (BaaS).

Saxo’s award winning trading platforms are available in more than 20 languages and form the technology backbone of more than 100 financial institutions worldwide.

Founded in 1992 and launching its first online trading platform in 1998, Saxo Bank was a Fintech even before the term was created. Headquartered in Copenhagen Saxo today employs more than 1500 people in financial centers around the world including London, Paris, Zurich, Dubai, Singapore, Shanghai, Hong Kong and Tokyo.

SOURCE: Saxo Bank A/S