How they describe themselves: Five Degrees (NL|IS) is a financial technology provider offering The Real Alternative to financial institutions wishing to serve their customers different: faster, at a lower cost, more transparent, from and to any device and with more insight for all parties. Matrix, its proven core BPM universal banking solution, offers a fully automated banking services hub supporting any segment, product or channel through a rich mid office environment, connected to any (legacy) back-office of choice, deployed in-house or in the cloud as demoed at Finovate.
How they describe their product/innovation: 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.
Product Distribution Strategy: Licensed