In the past ten years Five Degrees has been a key enabler for over 20 banks and lenders in Europe and North America to become cutting edge financial service providers. Through our core banking technology they are fully in control of their financial products and client data to meet the rapidly increasing demands of consumers and regulators.
five°degrees provides Matrix mid and Matrix accounts to Franx, SME FX platform where all international transactions can be handled through one single multi-currency account for trades and payments in 26 different currencies. Matrix is at the heart of the operation providing multi-currency FX trading and online client onboarding.
Belgian bank Argenta created digital savings and mortgage bank for the Dutch market. Running both our Matrix mid and Matrix accounts products, Argenta is able to orchestrate savings, term deposits, mortgages, insurance products, and to get their full digital proposition up and running within one year.
TD Bank implemented Matrix mid and Matrix accounts for its UK based savings operations which focuses on multi-currency saving accounts, term deposits, and local payment capabilities. The five°degrees approach enabled TD Bank to launch a new bank within 7 months and also empowered the business to add new products and features in weeks rather than months, resulting in excellent customer experience.
Challenger bank Knab was launched in 2011 by using the Matrix Platform. With our technology, Knab has made a significant impact on the Dutch banking scene running a digital banking platform powered by our Matrix mid-office system. The bank wanted to ensure it kept overheads low, was recognized in the market for its first-class customer service and could provide an SME with a fully-operational account within hours. Today, with over 225,000 satisfied customers, it is well on its way to achieving its goals.
As the oldest independent bank in the Netherlands, Van Lanschot turned to five°degrees to help it take its banking systems digital. The bank now uses our Matrix Platform for online and offline onboarding, online customer self-service processes, and to provide a 360-degree customer view. It significantly improved the customer experience, reduced costs and provided a flexible, future-proof platform on which the bank can build and expand.
Landsbankinn is a leading Icelandic financial institution that offers a full range of financial services and is the market leader in the Icelandic financial service sector. The cooperation started when our Securities Processing System was introduced to the bank. Since then, the cooperation has evolved into other business areas using our products for Corporate Actions, Portfolio, Custody, Asset and Fund Management. The retail side of the bank has been using our Matrix lending & leasing for many years, for the full lifecycle of different types of agreements.
GarantiBank International is a mid-sized European bank with offices in the Netherlands and Germany, offering savings products and term deposits. The bank wanted to upgrade to a digital savings bank. We installed Matrix mid to run the new savings bank, and connected the platform to a custom-built customer portal, reducing implementation time dramatically.
Brand New Day is a Dutch challenger focused on disrupting the pension business in the Netherlands. In 2015, the company took the decision to develop an online pension bank for private individuals. Matrix accounts is the core component of Brand New Day Bank’s IT infrastructure and has supported the roll-out of its savings business, enabling the company to build a new digital bank from scratch in just five months.
Serving around 80,000 customers with a full range of banking products on five Caribbean islands, Aruba bank wanted to become the most modern bank in the region by replacing legacy systems and manual processes using Matrix. Customers benefit from automated onboarding and self-service capabilities, while employees now have a full 360-degree view of the customer, financial figures, related documents, and customer-related activities and workflows. The result is significantly improved customer performance and a reduced total cost of ownership.
Prominent Icelandic bank Arion Banki offers services such as corporate and retail banking, investment banking, treasury, asset management and wealth management to companies, institutional investors and individuals. We support their investment and asset management business with a variety of our products. We also support their corporate and retail banking with Matrix lending & leasing for the full lifecycle of different types of agreements.
Robo advice has sparked the imagination of many in the financial services sector. But for Munnypot.com, a disruptor start-up active in the UK, the aim was to turn theory into practice. With a fresh business model, modern technology, and the goal of bringing financial advice to a much wider consumer base, we were tasked with helping them achieve their ambitions. Our Matrix platform has been one of the key foundation stones, helping make Munnypot’s financial advice affordable and accessible to all.
Íslandsbanki is a universal bank across all domestic business segments. Building on over 140 years of servicing key industries in Iceland, Íslandsbanki has developed specific expertise in the tourism, seafood and energy industries. The engagement between five°degrees and Íslandsbanki started when our Clearing & Settlement system was implemented. Since then, our fee management system is used by the investment banking side of the bank.
Clearstream is an international central securities depository (ICSD), based in Luxembourg, that provides post-trade infrastructure and securities services for the international market and 58 domestic markets, with 2,500 customers in 110 countries. Today, Clearsteam uses our technology for settlements in their local market.