JDC Group AG Part3:
Here JDC will act as the tech/API partner + the broker pool solution for all the savings banks under Provinzial (+100). And this agreement could be expanded to more banks in Germany. 
Think about the potential here. In Denmark 30-50 % of insurance contracts is sold from Banks. The market in Germany is 17 billion EUR a year and growing.
By becoming the platform provider for all the small and medium sized banks in Germany JDC could be able to take huge market share. As this agreement will only start to ramp in 2022 and take several years before it really starts to benefit, we have not included it in our forecasts
But it is a huge optionality that could deliver upside beyond our current targets.
Have a nice weekend everyone.
Have a nice weekend everyone.
As always: Reed the disclaimer in part1
Do your own DD - not investment advice!
Do your own DD - not investment advice!
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