Handelsbanken Fonder, the fund management subsidiary of Swedish bank Handelsbanken, has selected the Denodo data management platform to enhance its digital savings offering.
The Denodo platform, backed by TPG, utilizes data virtualisation to integrate structured and unstructured data from various sources without requiring physical replication. This technology establishes a unified semantic layer, which aims to reduce storage needs and maintain data lineage across the enterprise architecture. The implementation is set to help Handelsbanken Fonder streamline its data management and accelerate the development of new digital savings services by unifying data from diverse sources, including market data, fund and insurance systems, and external real-time APIs. The platform is expected to be operational by September 12, 2025.
Established in 1991, Handelsbanken Fonder manages over 100 funds spanning equity, fixed income, and allocation categories. The firm oversees approximately SEK 900 billion (equivalent to $96.4 billion) in assets under management, comprising both mutual funds and alternative investment funds.
Roger Ehrnstlin, head of development IT asset management at Handelsbanken, commented on the partnership, stating that it will “enhance our capacity to deliver innovative solutions for asset management services” and “provide customers with modern savings services while increasing both flexibility and security.”
This initiative aligns with Handelsbanken’s broader strategy to meet customer needs, following a partnership deal last year with UK fintech Meniga. Handelsbanken currently leverages Meniga’s customer engagement tools across its digital banking operations in Norway.
