Being of Banks: An Ontologiccal Inquiry into the Danish Bank

Martin Vennerstrøm Jensen & Anders Peder Jakobsen

Student thesis: Master thesis


The purpose of this thesis is to study the ontological conditions of contemporary banking in Denmark. The purpose of this is to lay a foundation of knowledge that enables appropriate actions when banks are faced by challenges, both current and future. The thesis uses the definition of banking as it is presented in Dansk Bankvæsen from 2011, where banking is presented as four services: Capital Provision, Payment Solutions, Wealth Management and Customer Advisory. Another point of banking is added by the authors, is that of Money Creation. We will be using contemporary cases from amongst the largest banks in Denmark (Group One banks), including the case of Flexinvest Fri and MobilePay, while also discussing the effects of negative interest rates on banking in Denmark. The thesis uses works by Martin Heidegger and Dominik Heil to analyse each of the five services listed above to answer the question: "What is at work in the work of the bank." The study finds that what is at work in the work of the bank is money. Using Heideggerian concepts, the thesis then studies how the entity of money has become something that has both become easier to use through new technology, but has also been made more abstract by the same mechanisms.

EducationsMsc in Business Administration and Philosophy, (Graduate Programme) Final Thesis
Publication date2019
Number of pages130