How they describe themselves: Five Degrees is a next generation digital core banking provider. Our product, Matrix, enables banks to provide true digital capabilities to their clients to support them in their daily financial lives. We digitize banks on front-, mid-, and backend layers and provide solutions for retail banks, SME banks, and private banks. Our clients include a.o. ABN Amro, Crédit Agricole, Garantibank, KNAB, and Van Lanschot.
How they describe their product/innovation: Our product, Matrix, can serve Retail, SME, and Private Banks and during FinovateAsia 2017 we’re showing how we can help banks that provide loans to SMEs increase customer experience while significanlty lowering their cost base. We show how we provide fully automated paperless loan onboarding for a business client with a multiple directors ownership structure. To show what next generation SME Lending is really about, we use advanced analytics to support the SME making the right financal choices.
Product distribution strategy: Through financial institutions, through other fintech companies and platforms, licensed