Franx chooses Five Degrees’ core banking platform °neo
five°degrees was founded by bankers in 2010. Its launching customer KNAB was based on five°degrees Matrix technology to become the first challenger bank in Europe in 2012. Soon incumbent banks throughout Western Europe, the United States, and Canada also chose five°degrees as their digital banking technology provider. In 2018, five°degrees added lending to its product suite by the acquisition of Libra EHF, the market leader in lending technology in Iceland. Today, over 40 banks in Europe and North America use the technology of five°degrees. With over 150 colleagues working from offices in Amsterdam, Reykjavik, Lisbon and Novi Sad, five°degrees launched °neo in 2021. The °neo core banking platform was built for the cloud from the ground up to continue to allow its clients to meet ever-changing market demands.