How they describe themselves: Five Degrees (NL|IS) is a core banking provider offering The Real Alternative to banks and other financial institutions wishing to serve their customers differently: faster, at lower cost, more transparently, from and to any device, and with more insight for all parties involved, including bank staff, clients, and regulators, through Matrix – its core BP engine and banking solution. Clients include KNAB and Crédit Agricole Consumer Finance. Five Degrees’ Matrix has been showcased two consecutive years at FinovateEurope 2013 and FinovateEurope 2014, and was awarded a ranking in the prestigious 2014 FinTech50.
How they describe their product/innovation: The world of services is here. Connecting with other parties, including nonfinancial, is key to a modern banks’ success. That is why Five Degrees is introducing Matrix Universe, a set of extensions on our Mid-Office services suite that enables banks to fully manage their partnership ecosystem. For retail and SMEs, transactions and loyalty, infrastructure and data analytics, apps and services can be added. Built around our visual BPM engine means no coding is required.
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed