Today's fintech bubble is following the same trajectory as the dot-com bubble of the 1990s, and will burst before long, according to Kim Fournais. But the CEO of Denmark's Saxo Bank looks on the bright side, and where others see competition and threat, he sees possible partnerships.
Saxo itself is more of a fintech than a bank. It does have banking licences in Denmark, France, the Netherlands and Switzerland. In some other markets, including the UK, it is authorised as a brokerage. In reality, however, Saxo is a technology provider.