SDC

What SDC does

SDC is a Danish banking technology provider founded in 1963 that emerged from the association of Danish savings banks' computer centres. In July 2025, SDC completed a $140 million merger with IT services firm Netcompany to form Netcompany Banking Services (NBS), in which SDC now operates as part of the Netcompany group. SDC/NBS serves more than 50 financial institutions across the Nordic region (Denmark, Norway, Sweden, the Faroe Islands, and Greenland) with approximately 2 million end-users, delivering a unified modern core banking platform built on the legacy-free Amplio and Ami technology stacks. The platform comprises nine integrated modules covering Core Banking, Daily Banking (with Festina Finance Advisory), E-banking, Payments, Risk Management (powered by Opics), Investments, International Services (SEPA, TARGET2, SWIFT, ISO 20022), Accounting & Reporting, and PSD2-compliant Open Banking APIs. AI capabilities are embedded across the stack for real-time KYC/AML document classification, predictive risk analytics, and workflow automation. In parallel, SDC operates a separate real estate vertical in Egypt through the Farida platform and Luxor Hospitality brand, managing serviced apartments across flagship developments in the New Administrative Capital and Sheikh Zayed City.

The core technical architecture is a cloud-native real-time data lake that streams core-ledger, PSD2, and market-data feeds, supporting hyper-automated STP workflows and personalized customer journeys. The platform serves as a shared multi-bank utility where each bank runs on the same system with localization for languages and regulatory regimes, a model that produces efficient scale economics. Revenue is generated through long-term B2B enterprise platform contracts with Nordic financial institutions; pricing is not publicly disclosed. Following the Netcompany merger, SDC also benefits from IT services scale and delivery capacity, while the Egyptian Luxor Hospitality operations introduce a non-banking revenue stream tied to serviced apartment management in partnership with Gates Developments.

The business model is enterprise B2B SaaS/platform licensing with shared infrastructure, supplemented by customized modules per bank. GTM is direct enterprise sales to Nordic financial institutions, leveraging 60+ years of inherited relationships from the Danish savings bank association. Customer concentration is moderate: 50+ institutional customers across the Nordic region provide diversification, but exposure is concentrated in a single geography and vertical. Leadership is anchored by CEO Jesper Scharff and Chairman Klaus Skjodt, with operating headquarters in Ballerup, Denmark.

Name

SDC

Legal name

SDC

Website

https://sdc.dk

Company type

Private

Founded year

1963

Operating status

Acquired

Headcount range

501–1,000 employees

Short description

SDC is a Danish banking technology provider that merged with Netcompany in July 2025 to form Netcompany Banking Services (NBS), serving 50+ Nordic financial institutions with a unified AI-enabled core banking platform built on Amplio and Ami technology.

Ownership category

akta.pro rank

Product category

Core Banking Software

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821)

SIC

Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Data/Apps Connectivity & Adapters (Connectors, Drivers, SDKs) (HDAEAIAK)

akta.pro secondary industry

Developer Tooling & SDKs for Payments (Gateway Tooling) (FSAMACAL)

Keywords

• Core banking software
• Banking technology platforms
• Financial services IT
• Open banking APIs
• Real-time payment processing

Headquarters

HQ city

Ballerup

HQ country

Denmark

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales

Core offering

SDC develops and operates banking technology platforms (Amplio and Ami) that have been unified into Netcompany Banking Services (NBS), a real-time core banking platform serving more than 50 Nordic financial institutions and approximately 2 million end-users. The platform delivers core banking, payments, risk management, online/mobile banking, accounting and reporting, open banking APIs, and AI-driven compliance and advisory capabilities. In parallel, SDC operates a real estate platform (Farida) and the Luxor Hospitality serviced-apartment business in Egypt.

Product overview

SDC (a Danish banking technology provider that merged with Netcompany in July 2025) offers Netcompany Banking Services (NBS) as a unified modern core banking platform serving +50 financial institutions across the Nordic region. The platform is built on Amplio and Ami core banking solutions and provides a comprehensive suite of integrated modules including Core Banking, Daily Banking (with Festina Finance Advisory), E-banking, Payments, Risk Management (powered by Opics), Investments, International Services (SEPA, TARGET2, SWIFT), Accounting & Reporting, and Open Banking. The platform combines AI-driven customer journey capabilities, STP automation, real-time data insights, and PSD2-compliant APIs. In parallel, SDC operates in Egypt's real estate sector through the Farida platform and Luxor Hospitality brand for serviced apartment management.

Differentiator

Problem solved

Functional benefit

Brands

• Farida: Real estate platform owned by SDC
• Luxor Hospitality

Products and services

• Netcompany Banking Services (NBS) Core Banking Platform A unified, modern, legacy-free core banking platform providing low-cost, scalable, real-time banking capabilities with AI-driven solutions, serving more than 50 financial institutions across the Nordic region.
• Amplio Platform One of two core banking platforms that power NBS's banking solutions, used for domestic credit solutions and core banking capabilities for Nordic financial institutions.
• Ami Platform One of two core banking platforms that power NBS's banking solutions, used for core banking systems and digital channel delivery for Nordic financial institutions.
• Farida Platform A real estate platform owned by SDC in Egypt, enabling property management and serviced apartment operations across residential developments in the New Administrative Capital and Sheikh Zayed City.

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability7 records

Feature2 records

Partnerships

Two partnerships are on record, tiered core and flagship.

• Gates DevelopmentscoreStrategic or Co-development Partner · 15 February 2026Strategic partnership where SDC will operate and manage serviced apartments under the Luxor Hospitality brand across Gates Developments' flagship projects in Egypt's New Administrative Capital and Sheikh Zayed City. SDC will manage the CATALAN project (1,765 units on 36 feddans), VENIA project (1,792 units on 40 feddans), and Space Commercial Complex (545 units), with phased deliveries through 2027. The collaboration aims to optimize Gates Developments' portfolio of approximately 7,700 units.
• NetcompanyflagshipStrategic or Co-development Partner · 1 July 2025SDC, a Danish banking solutions provider, merged with IT services firm Netcompany through a $140 million merger to form Netcompany Banking Services (NBS). The merger combined SDC's banking solutions expertise with Netcompany's IT services capabilities, creating a unified entity offering core banking, online and mobile banking, data warehouse, and anti-money laundering solutions to financial institutions.

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• FIS: Global provider of banking, payments, and capital markets software. Overlaps with NBS modules on core banking, payments (SEPA/SWIFT), and risk management at large Nordic and European banks.
• Fiserv: Major US banking and payments technology provider with European presence. Competes with NBS on core banking, payments processing, and open banking enablement.
• Temenos: Global banking software incumbent offering core banking, payments, wealth, and regulatory solutions to banks worldwide. Overlaps with SDC across the full NBS product suite, particularly in European mid-market banks.
• Jack Henry & Associates: US-focused provider of core banking and technology solutions to community banks and credit unions. Less geographic overlap but conceptually comparable in serving mid-sized depository institutions.

Emerging players

• 10x Banking: Cloud-native core banking platform focused on challenger and incumbent bank transformation in the UK and Europe. Direct competitor for next-generation core banking RFPs.
• Backbase: Engagement banking platform providing digital channel, onboarding, and customer journey orchestration for banks. Overlaps with SDC's E-banking Module and PSD2 API strategy.
• TCS (BaNCS): Large IT services firm with BaNCS banking platform serving retail, corporate, and wealth management banks globally. Competes with NBS in larger transformation deals.

Direct peers

• Mambu: SaaS core banking platform serving challenger and incumbent banks across Europe with composable banking services. Competes with SDC's NBS for cloud-native core banking RFPs.
• Thought Machine: Cloud-native core banking platform serving banks globally with a modern, API-first architecture. Direct competitor for SDC's NBS core banking modernization deals in Europe.
• TietoEVRY: Nordic-headquartered IT services and banking software provider serving savings banks and retail banks across the Nordics. The closest geographic and customer-segment peer to SDC.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks4 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/sdc

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SDC