As the World Economic Forum meets in Davos this week, Nordea will be at the forefront of discussions on how we can work together to co-create and co-design for a shared future.
The theme of the World Economic Forum’s annual meeting, which takes place from 23-26 January in Davos, is “Creating a Shared Future in a Fractured World”. The aim of the meeting is to set an agenda that drives greater multi-stakeholder collaboration to address today’s political, economic and societal global challenges.
To meet changing geopolitics, regulations and consumer behaviours, we need new models and new ideas so that we can bring our customers the products and services they expect – when they expect them. That’s why partnership is at the heart of our banking philosophy; we know we can’t do this alone. We’re partnering with, and investing in, fintechs; we’ve set up Nordea Ventures; and we’ve launched an Open banking developer portal
“We live in a very fast-changing world, and the speed of change is accelerating. Not only the financial industry but virtually all industries and society at large are all undergoing significant changes,” says Martin A. Persson, Head of Wholesale Banking at Nordea and a member of Group Executive Management (GEM), who is representing Nordea at the forum this year.
Digitalisation, sustainability on the agenda
Martin A. Persson will be meeting with many of our stakeholders at Davos, including customers, politicians and industry colleagues, and participating in discussions and idea sharing. “We want to make sure we stay at the forefront of key industry and societal trends as we focus on digitalisation and sustainability to help shape the future of banking,” he says.
“Service providers, corporations and institutions all need to adapt to digitalisation and become more tech-savvy. It doesn’t really matter what part of our bank is supporting or serving our customers; new, agile ways of working are needed everywhere,” Persson adds.
Some of the discussions we will participate in at Davos revolve around artificial intelligence (Al), blockchain technology, sustainability, digitalisation and diversity, all areas where the Nordic region is seen has having a leading position both in a Nordic and a global context. “But we still have a lot of hard work ahead of us in all these key areas,” Persson says.
Sustainability is also high on the agenda, both at Davos and at Nordea, and multi-stakeholder efforts will be needed to preserve our scarce resources. One forum where we can help play a crucial role in putting sustainability on the global agenda is the World Economic Forum’s Expert Network. Sasja Beslik, Head of Sustainable Finance at Nordea, was appointed to the Expert Network as a specialist in the areas of insurance, asset management and sustainable development.
As the largest bank in the Nordic region and one of the biggest in Europe, Nordea can help ensure that environmental, social and governance (ESG) factors are at the heart of financial decision-making, and that capital is mobilised to help solve some of society’s key challenges, such as creating jobs, improving education and retirement finance, tackling inequality, and accelerating the shift to a decarbonised and resource-efficient economy.
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