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“With matrix as core ,we were able to build an innovative, customer centric, digital bank”
About Company
Company Description
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.
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Reviewer Insights for: Five Degrees Matrix
Five Degrees Matrix Likes & Dislikes
Flexible, broad functionality. One can see/feel that during development developers have thought a lot about the end customer needs.
The level of configurability of the solution and the integration capabilities
The system is a fully integrated system. It is difficult to disentangle (blocks of) functionality. Sometimes in the development of the business strategy this would be desirable. However, the integral approach is on the other hand a plus
The company is still working on transforming all the APIs to REST API. THis should get more priority to enable higher volumes and easier connections.
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Five Degrees Matrix Reviews and Ratings
- CEO10B+ USDBankingReview Source
With matrix as core ,we were able to build an innovative, customer centric, digital bank
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. - Senior Manager10B+ USDBankingReview Source
Tool set is complete, implementation quality needs to be improved
The vendor delivers a good Business Process Management and Customer Relationship management platform with modern API integration capabilities. The configurability of the platform allows us to run it with a 3rd party data centers that also provides technical application management keeping the own IT operations team small. The implementation capabilities are good, but there is some room for improvement in maturity of the staff and their knowledge of the platform.