Kristian T. Sørensen | Source | Founding Partner at Norfico

Kristian T. Sørensen

Founding Partner at Norfico
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Kristian’s work within financial services has made him an acknowledged fintech thought leader and speaker at conferences worldwide.

He has been ranked on Fintech.Finance’s “FintechFamous”; Rise Global’s “100 most influential people in fintech”; Planet Compliance’s ”Top 50 Regtech Influencers”; Instech London’s “Insurtech Power 100” and was shortlisted by PayExpo for the 2016 “Payments Power 10”.

Kristian has more than fifteen years of experience with digital financial services and serves as strategic advisor to leading banks and technology providers on current and emerging technologies, trends and regulation.

He has also been delivering strategic advice and consulting to companies working with blockchain technology and tokenization as well as a member of workgroups and roundtables on the application of blockchain technology.

Before co-founding Norfico, Kristian served four years in various strategic positions with Nordic payment giant Nets. During this period, Kristian also spent significant time advising Nordic banks and merchant about the strategic options for mobile and emerging payments.

Kristian holds a master’s degree in Communication and Psychology.

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  • Retailers in Europe have a keen interest in developing proprietary mobile wallets and coronavirus could be another catalyst, along with open banking regulations that are expanding merchants’ options, Norfico's Sørensen suggested.

  • Banks in some countries — including Denmark — recently raised the cumulative limit for contactless payments with a debit card to minimize the need to enter a PIN during the outbreak.

    Shops in Denmark are putting up signs urging customers to pay with contactless methods instead of germ-ridden cash, and government officials are encouraging people to use contactless and mobile payments to slow the spread of disease, said Kristian Sørensen, a former executive at Denmark’s Nets payments technology firm who is now a partner at Copenhagen-based Norfico, a fintech consulting firm.

  • We got a lot of valuable information and battle scars from the first round of mobile wallets that didn’t ultimately succeed, and probably the biggest lesson we all learned was that if you’re going to fail, fail fast and move on a principle the fintech world has embraced.

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  • War stories from failed mobile wallets

    The recent history of mobile wallets includes a lot of crashes and failures, but the people behind those projects are still around and are wiser for their experiences.

    Article
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