Matrix, our proven core BPM banking solution, offers a future facing fully automated banking services platform supporting any segment, product or channel through a rich mid office environment, connected to any (legacy) back-office, or the available Matrix back office. Matrix operates in a fully automated model with an unparalleled level of self service at every touch point giving both customer and bank instant insight and control in the process. The Web-based mid office portal offers benefits in terms of efficiency in adapting new business processes on the go. The open services platform integrates with any external service like KYC checks, passport validation, PFM, etc. or any external banking services requested. Clients deploy the technology through a portal in a number of pre-defined flavours: full retail and SME banking, savings bank, private banking or micro finance.
Following our first whitepaper on Marketplace Banking, Five Degrees have issued a whitepaper explaning the opportunities that Marketplace Banking brings to the small and medium sized enterprises (SME) market. This segment has been underserved by banks for a long time, leading to SME's searching for alternative financing sources. Banks that adopt the concept of Marketplace banking can use the fintech ecosystem to serve the SME market to its needs. They just have to invest in having the right application infrastructure in place to enable these services for their clients.