This post is part of our live coverage of FinovateEurope 2014.
Our next innovator is Five Degrees, showing how they have leveraged their core BPM universal banking solution to provide a suite of new services:
“Matrix Accounts is a modern lean back office solution that manages product and admin specific data for the benefit of the mid and front office operations. Matrix Accounts is designed for existing banks, as well as banks of the next generation. With a focus on automation, flexibility, traceability and security, Matrix Accounts is the solution for lowering cost and enhancing agility in the banking environment. Matrix Accounts incorporates a highly flexible product builder to support the varying needs of different kinds of banks: retail, commercial and investment. Matrix Accounts comes with basic features, covering all standard needs of any bank.”
Presenting Bjorn Holmthorsson (Co-Founder & CTO) and Brian van Wachem (Chief Commercial Officer)
Product Launch: February 11, 2014
Metrics: Software company founded in 2009, delivering front-to-back next generation banking platform, operating with 45 staff from the Netherlands, Iceland and Luxembourg, ISAE 3000 certified, revenue 2012 €3.3 million, 2013 expected revenue €3.7 million; funding: Angel rounds (2009/2010): €2 million, Series A (2011): €3 million, April 2013: €1.5 million
Product Distribution Strategy: Licensed
HQ: Breukelen, Netherlands
Founded: 2009
Website: fivedegrees.nl