Denmark-based Danske Bank is set integrate BlackRock‘s Aladdin Wealth platform to enhance its investment services, introducing “advanced” technology to the Nordic private banking sector.

This move is expected to benefit Danske Bank’s investment customers by providing them with a more comprehensive and “efficient” wealth advisory service.

The Aladdin Wealth platform is designed to unify the investment management process by combining portfolio management with data and risk analytics.

The adoption of Aladdin Wealth platform will allow Danske Bank to offer a more proactive and engaging customer experience, utilising advanced tools for analysing, monitoring, and personalising investment portfolios.

As part of its Forward ’28 strategy, Danske Bank is focused on digital transformation and innovation to improve customer experience.

The adoption of Aladdin Wealth is a key initiative in this strategy, aiming to enhance digital platforms and expert advice through new partnerships.

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Danske Bank private banking and investments head Anne Buchardt said: “With Aladdin Wealth, we get a solution that builds on our already strong foundation for offering best-in-class investment advice and services.

“This platform provides us with scalable tools allowing us to support our customers with even better and more timely advice based on a thorough analysis of their current investment portfolio.”

In June 2023, Danske Bank unveiled a new strategy to solidify its position in the Nordic banking industry.

The strategy also includes continuous improvements to digital platforms, self-service options, and third-party integrations, along with a focus on sustainability through ESG advisory and solutions.

In October 2024, Danske Bank adopted Broadridge’s global proxy voting technology to enhance client services worldwide, streamlining the process for accuracy and speed, enabling more informed and timely investment decisions.