The financial services industry is changing and has to respond to changing customer demand. Technological developments, increased regulation, increasing capital requirements and need for cost efficiency. All these developments set the existing business models in banking in a different perspective. Financial services companies all over the world are searching on how to respond, given the legacies we know in the world of banking today.
We strongly believe that it is possible to turn these challenges into an opportunity with a new perspective on banking IT architecture and next generation banking software to support it. Not only to meet changing customer demand but also to be able to compete with those new entrants and competitors that invested timely in new, legacy free, operations and systems.
Full control of all processes and risks
Tomorrow’s winners will master the ultimate customer-journey and will operate in a highly cost- efficient manner while staying in full control of all processes and risks. Our vision to achieve this is in creating a flexible and future proof IT architecture which encompasses a banking platform that brings all relevant client data, media and processes into a single integrated client view, automates processes and connects easily to both front- and back-end systems as well as to external web services.
It is the future proof architecture that enables financial service providers an agile response to new channels and devices that consumers require to use while at the same time creates the opportunity to partner with multiple back end providers to benefit from the economies, but moreover to profit from new developments in SAAS or cloud based services.
Five Degrees offers a banking platform based on this vision: Matrix