°neo by Five Degrees and Provenir announce partnership to future-proof banks and fintechs with modern banking technology
This collaboration aims to add AI-powered decision-making capabilities to the lending and accounts engines of Five Degrees cloud-native core banking solution °neo.
The landscape of financial services is experiencing significant change. The rise of disruptive cloud (native) platforms and other innovative financial technologies are challenging banks and lenders to reinvent themselves.
Where players in these markets used to rely on legacy systems to service their customers, they are now choosing modern technologies and innovative financial tools. These banks and fintechs that manage to constantly change and adapt can work efficiently, gain competitive advantage and grow to their full potential.
This is where modern companies such as °neo by Five Degrees and Provenir can support both incumbent banks as well as new fintechs in their journey to become future-proof and enjoy the advantages of modern banking technology.
Stefan Wittens, Platform Experience & Ecosystem Lead at °neo: “We are thrilled to announce our partnership with Provenir. Provenir and °neo share the same view on how the financial services industry is transitioning, meaning this collaboration is a perfect match. From both a product perspective as well as a commercial point of view, we see great opportunities to serve current and new markets together. °neo’s public APIs and event-driven architecture allow for an easy integration with Provenir's AI-Powered Decisioning Platform. We are excited to add real value for our customers through our partnership with Provenir.”
Chris Kneen, Managing Director - UK&I and Benelux at Provenir: “We are excited to partner with °neo to help financial service providers and fintechs deliver an outstanding customer experience while meeting consumers and SMBs’ demand for real-time decisions. Gone are the days of monolithic, closed systems. By adopting an ecosystem approach, financial services providers can now benefit from being able to combine best in class solutions that enable organizations to make smarter decisions instantly across the entire customer lifecycle.”
Provenir helps fintechs and financial services providers make smarter decisions faster with our AI-Powered Risk Decisioning Platform.
Provenir brings together the three essential components needed – data, AI and decisioning – into one unified risk decisioning solution to help organizations provide world-class consumer experiences. This unique offering gives organizations the ability to power decisioning innovation across the full customer lifecycle, driving improvements in the customer experience, access to financial services, business agility, and more.
Provenir works with disruptive financial services organizations in more than 50 countries and processes more than 3 billion transactions annually.
About °neo by Five Degrees
°neo by Five Degrees is a cloud-native core banking solution that enables financial institutions to meet today's standards. The platform was born in 2019 with a mission to support financial products for banks and lenders that want seamless SaaS loan management technology. °neo combines a deep knowledge of banking, years of experience, and outstanding technological expertise. Its users benefit from a next-gen core banking system that provides banking-grade granularity in combination with extensive data management capabilities, a codeless configuration and a best-in-breed ecosystem.