How they describe themselves: five°degrees is a digital core banking technology provider with offices in The Netherlands, Iceland, Portugal and Serbia and founded in 2010.
We combine state-of-the-art technology and sound banking knowledge to create a future-proof digital core banking platform for tomorrow’s bank.
Matrix, our next generation digital core banking platform, empowers financial institutions to enter the era of modern digital banking. Matrix connects channels, customers, products, services and the fintech ecosystem. Matrix is designed to provide a fully automated banking services platform.
Our client base encompass retail banks, asset managers, online savings banks and greenfield operations in the financial services industry.
How they describe their product/innovation: We would like to demonstrate for the very first time to the public how we can spin-up and configure on the spot a complete end-to-end retail bank in the cloud. We have a so called “next-next-finish” process and UI that enables even non-IT professionals to spin up a new banks by just selecting the type of application, the required modules, components and activities and 45 minutes later, the bank-a-service is available. This new product enables banks to speed up innovation and digitization tremendously. We will also show how this process can be accelerated even more with our new App Store – in which our entire ecosystem of SI- & tech partners and clients comes together to provide additional value adding services.
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed