Franx, the global trading platform initiative of ABN AMRO, migrates to °neo.
Amsterdam, 2 September 2021 – Franx is aiming to achieve a maximum convenience for their clients to support their international businesses, by leveraging the core technology that will be provided by five°degrees from the Microsoft Azure cloud.
Since its launch in 2018, Franx offers clients currency transactions and international payments from one single digital platform. To utilize the possibilities of their Azure strategy, the Dutch-based FX transactions provider selected °neo as their core banking technology which will be delivered as Software-as-a-Service from the Azure cloud.
Ronald Lokkers, General Director at Franx comments: ‘After a thorough selection process, we choose °neo as it caters to our multi-currency requirements and fits our Azure strategy. It was important for us that °neo supports our high standards for cloud technology. With five°degrees, we have a partner that not only provides a strong technological fit but also continually shows an expert understanding of our specific banking products and processes.’
Martijn Hohmann, CEO, founder of five°degrees states: ‘Together with Franx, we are keen to change banking services through modern technology. We are delighted to take this partnership to new next level.’
°neo was introduced by Five Degrees to the market just before the summer, and Franx becomes the 3rd client following SME lender Swishfund and pension bank Brand New Day.