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  1. Home
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  3. Five Degrees Matrix
Logo of Five Degrees Matrix

Five Degrees Matrix

byFive Degrees
in Digital Banking Platforms
4.3

Overview

Product Information on Five Degrees Matrix

Updated 13th October 2025

What is Five Degrees Matrix?

Five Degrees Matrix is a software designed to facilitate digital banking operations by providing a modular core banking platform. The software offers features such as account management, payment processing, and loan servicing. It enables financial institutions to configure products and manage workflows through its flexible architecture. Matrix addresses the business problem of legacy banking systems by supporting real-time processing, integration with third-party services, and scalability for evolving requirements. The software supports compliant transaction handling and provides tools for analytics and reporting. Financial organizations use Matrix to streamline operations, enhance efficiency, and adapt their service offerings within a digital environment.

Five Degrees Matrix Pricing

Five Degrees Matrix software uses a subscription-based pricing model with fees based on modules selected, user count, and additional features, commonly offering enterprise or usage-based packages tailored to financial institutions' requirements. Custom quotes are typically provided depending on specific deployment and integration needs.

Overall experience with Five Degrees Matrix

CEO
10B - 30B USD, Banking
FAVORABLE

“With matrix as core ,we were able to build an innovative, customer centric, digital bank”

4.0
Sep 19, 2017
This text serves as a placeholder and does not reflect the user’s review responses or opinions. This text serves as a placeholder and does not reflect the user’s review responses or opinions. This text serves as a placeholder and does not reflect the user’s review responses or opinions.
There are no reviews in this category.
CRITICAL

About Company

Company Description

Updated 7th December 2023

Five Degrees is a technological organization that specializes in providing core banking solutions. This firm primarily focuses on delivering a banking Software as a Service (SaaS) platform titled Neo. This platform is a result of extensive experience gained from collaboration with several international financial institutions. The technology of Five Degrees has been received well, with growing acceptance from banks in Western Europe, the U.S., and Canada. In 2018, the firm broadened its product offerings by integrating a lending feature following the takeover of Libra EHF, a lending technology firm from Iceland. Presently, the technology is adopted by more than 40 banks in Europe and North America. With over 150 employees spread across offices in Amsterdam, Reykjavik, Lisbon, and Novi Sad, Five Degrees aims to enhance banking operations through a strategic and adaptable platform, delivering maximum value.

Company Details

Updated 30th March 2026
Company type
Private
Year Founded
2020
Head office location
Amsterdam, Netherlands
Number of employees
51 - 200
Website
https://akkuro.com

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Key Insights

A Snapshot of What Matters - Based on Validated User Reviews

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Peer Discussions

Five Degrees Matrix Reviews and Ratings

4.3

(6 Ratings)

Rating Distribution

5 Star
33%
4 Star
67%
3 Star
0%
2 Star
0%
1 Star
0%
Why ratings and reviews count differ?
  • CEO
    10B+ USD
    Banking
    Review Source

    With matrix as core ,we were able to build an innovative, customer centric, digital bank

    4.0
    Sep 19, 2017
    Five Degrees showed true partnership. Both Five Degrees and Knab were at the start, start-up companies. The downside of such a situation was that both organisation had aspects of immaturity. The upside however was that on both sides true passion, entrepreneurial spirit and the attitude to do the utmost was assured. With that mentality it was possible to overcome problems and develop strategies towards the future.
  • CEO
    10B+ USD
    Banking
    Review Source

    With matrix as core ,we were able to build an innovative, customer centric, digital bank

    4.0
    Sep 19, 2017
    Five Degrees showed true partnership. Both Five Degrees and Knab were at the start, start-up companies. The downside of such a situation was that both organisation had aspects of immaturity. The upside however was that on both sides true passion, entrepreneurial spirit and the attitude to do the utmost was assured. With that mentality it was possible to overcome problems and develop strategies towards the future.
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Five Degrees Matrix Likes & Dislikes

Like

Flexible, broad functionality. One can see/feel that during development developers have thought a lot about the end customer needs.

Like

Flexible, broad functionality. One can see/feel that during development developers have thought a lot about the end customer needs.

Like

Flexible, broad functionality. One can see/feel that during development developers have thought a lot about the end customer needs.

Reviewer Insights for: Five Degrees Matrix