Recently we heard that a Silicon Valley bank worth billions collapsed. It is a well-hidden secret that precisely such a situation as it was in the United States would have hit one of the major banks operating in Denmark. Digitization of money, increasingly risky consumer behavior, novice investors, global crises, and new unicorns are changing how banking has been done.
In the first days of 2023, Uku was approached by the board of an anonymous large bank. For the last year, this bank has been struggling in a crisis. "Help us!" stated the melancholic email from the bank's CEO.
The biggest concern in the bank was inefficient work organization. The board was convinced that the employees were not doing their best. They had tried everything - hired stricter managers, sent spies into the departments, and even installed cameras and microphones, but with no results. The lazy employees were not caught, and the crisis deepened. Fortunately, a member of Uku's team was at the right place at the right time, and Uku's success story in the accounting field reached the ears of influential figures of the bank.
When the bank had used Uku for a month, all the bottlenecks were revealed, and the sources were dealt with quickly. The successful project saved Denmarks economy from a major crisis. Inspired by this, Uku has been implemented by four other large banks operating in Denmark.
Who knows what the future holds? We at Uku look forward to the next crisis to save the world in new hunting grounds.
Happy first of April!