Name: Five Degrees Matrix
Rating: 4.3 (6 reviews)

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.

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

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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CRITICAL

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.

Company Details

Company type

Private

Year Founded

2020

Head office location

Amsterdam, Netherlands

Number of employees

51 - 200

Website

https://akkuro.com

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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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Market Guide for Digital Banking Platforms

10B+ USD

Banking

Review Source

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

Senior Manager

Tool set is complete, implementation quality needs to be improved

Sep 20, 2017

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.

Five Degrees Matrix

Overview

Product Information on Five Degrees Matrix

What is Five Degrees Matrix?

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Overall experience with Five Degrees Matrix

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