Bankdata is a jointly owned software company where revenue reflects the IT costs of its owners. The company is not designed to generate profit, but to deliver as much functionality as possible within the financial framework set by its owners.
It is therefore good news for the owners that Bankdata reduced revenue in 2025 to DKK 1.933 billion, compared with DKK 1.967 billion the year before. The underlying cost development, adjusted for accounting-related activation effects, was 0.5 per cent.
“We are delivering more development and handling higher activity while keeping costs under control. That is crucial to the banks’ competitiveness,” says Deputy CEO Peter Braad Olesen.
Access the annual report here.
Breaking the curve for IT costs
Since 2019, Bankdata has carried out an efficiency programme aimed at breaking the curve of rising IT costs. The goal was to reduce operating expenses by at least DKK 200 million and free up funds for new development. That target was achieved in 2025.
The efficiencies have been realised through a wide range of specific operational improvements and a changed way of working, where teams systematically optimise operations and development. At the same time, the technology platforms have been modernised, increasing resilience and reducing ongoing costs.
Economies of scale reduce unit costs
In 2025, AL Sydbank chose Bankdata as its IT provider after assessing the alternatives on the market. This means that Arbejdernes Landsbank and Vestjysk Bank will move onto the platform. Once the conversion has been completed, customer volume will increase by more than 500,000 end users.
According to Peter Braad Olesen, the larger volume can in practice be handled without adding more employees and will therefore strengthen economies of scale for the owner banks, as more banks will share the costs. According to a statement from Ringkjøbing Landbobank, this will reduce unit costs by around 17 per cent, which can either lower prices or finance more development.
In addition, the owner banks have decided to move more IT development into Bankdata. Development work that was previously handled individually by the banks.
“In 2025, we saw increasing shared development and declining individual development in the budget, and this will only continue in 2026, for example with a new accounting system, a common card platform, a top-tier investment universe and a shared CRM system,” says Peter Braad Olesen.
Access the annual report here.
About Bankdata
Bankdata develops mobile banking apps, advisor systems, payment infrastructure and a range of other digital products for Danish banks.
The company was founded in 1966 and today has around 1,000 employees at its offices in Fredericia, Silkeborg and Aarhus.
Bankdata is owned by Jyske Bank, Ringkjøbing Landbobank, SJF Bank, Skjern Bank, Djurslands Bank, Kreditbanken and AL Sydbank.
Together, the banks have approximately 1.7 million retail customers and 200,000 business customers. Customers of Arbejdernes Landsbank and Vestjysk Bank not included.
Facts
Revenue 2025: DKK 1.933 billion (2024: DKK 1.967 billion)
Result: DKK 4.5 million. Bankdata is not intended to generate profit.
Underlying revenue development adjusted for accounting-related activation effects: 0.5%
Realised savings since 2019: more than DKK 200 million
Contact
Jens Refsgaard
Head of Media Relations, Bankdata
Phone: +45 29 89 84 86
Mail: [email protected]