Denmark's Saxo Bank has signed a memorandum of understanding with Beijing-based financial technology firm Phoenix Finance to create a white label partnership from Q1 2017. The agreement will see the two companies work together on blockchain and artificial intelligence projects in China for three years. Meanwhile, the Danish firm benefits from Phoenix Finance's "unparalleled reach" to Chinese investors.
Denmark's Saxo Bank has signed a memorandum of understanding with Beijing-based financial technology firm Phoenix Finance to create a white label partnership from Q1 2017. The deal will see Phoenix Finance offer its three million customers access to Saxo's multi-asset investment and trading technology Open API, in particular the "equity and fixed income" offerings. Meanwhile, the Danish firm benefits from Phoenix Finance's "unparalleled reach" to Chinese investors.