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.
After the crisis in 2008, European legislators introduced the Payment Services Directive 2 (PSD2), the successor of PSD1, which became law in European member states in 2009. PSD2 entered into force in January, 2016.
For banks PSD2 goes much further than a challenge for compliance management. Acting on PSD2 means moving into accelerating towards the API Economy, where APIs are the connection points that give third-party providers access to banks’ databases.
Moreover, PSD2 brings new opportunities. It offers the unique chance to embrace open banking and become the hub that brings new services together.
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.
On February 7 & 8, Finovate Europe returns to London to showcase the best and latest innovations in FinTech. Finovate events are a unique combination of 72 fast-paced, onstage demos with eight hours of dedicated networking time in an intimate exhibition area over two days. Five Degrees is very excited about showcasing together with our UK launching customer munnypot at FinovateEurope 2017. Our Chief Technology Officer and Co-Founder Björn Holmthorsson and Andrew Fay, CEO and...Read on
[PRESS RELEASE] Munnypot (www.munnypot.com) soft launches robo-advice service to help those trapped in UK’s financial advice gap1, with backing of world-class partners London – 21st December 2016 – Munnypot, a new service offering affordable online financial advice, today announces it has soft launched, with the backing of respected industry partners. Munnypot is a robo-advice and investment service that anyone can use to get straightforward financial advice in a language they can understand,...Read on
On December 7, 2016, the Dutch financial newspaper "Het Financieele Dagblad" published an article titled "The new bank is a financial supermarket". "... In a highly competitive and innovative Dutch Fintech scene, Five Degrees stands out as a young IT organization that is getting the better of major international players, no only in but also, and increasingly often, outside the the Netherlands. A state-of-the-art application for the banking sector, a challenging Dutch market and a clear vision...Read on