°neo by Five Degrees I Salt Edge collaboration.

Taking digital banking to the next level.

Published on: June 1, 2022

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°neo by Five Degrees and Salt Edge announce a collaboration to boost digital banking innovation.  

This collaboration aims to add open banking capabilities to lending and accounts engines of °neo by Five Degrees cloud-native core banking offering.

The contemporary financial services landscape is a highly disrupted space, and only those businesses and organizations that manage to constantly flex and change, can operate efficiently and realize their full potential.

The fintech phenomenon has shaken up the traditional banks by challenging conventional thinking, and forcing them to reinvent themselves, moving away from the standard set of services. And here is where modern companies like Five Degrees and Salt Edge rise to the challenge of giving banks and lenders the most innovative financial tools to keep up with the changes.

Maurits van Schooneveld, Head of Business Development at °neo by Five Degrees: “°neo by Five Degrees is proud to announce that it will partner with Salt Edge for their cloud-native core banking offering. Together, °neo by Five Degrees and Salt Edge will pursue opportunities to further digitize the financial services industry. Salt Edge, a leading open banking solution provider, offers a wide variety of services that complement the °neo lending and accounts engines. Given Salt Edge’s global presence, we foresee ample opportunities to jointly serve current and new markets”. 

Alina Beleuta, Growth Officer at Salt Edge: “Modern financial services industry is experiencing a seismic shift in how software solutions are created and delivered to the market and the concept of open banking that matures very fast, becomes germane for digital transformation. Here at Salt Edge we are excited to collaborate with five°degrees to promote the adoption of open banking movement, so more and more businesses could benefit from countless opportunities that emerge in the financial market”. 

About Salte Edge

Salt Edge – a financial API platform with PSD2 and open banking solutions. The company has two main vectors of activity: enabling third parties to get access to bank channels via a unified gateway, and developing the technology necessary for banks to become compliant with the directive’s requirements. ISO 27001 certified and AISP licensed under PSD2, the company employs the highest international security measures to ensure stable and reliable connections between financial institutions and their customers. The company is integrated with 5000+ financial institutions in 50+ countries.

More information: https://www.saltedge.com/

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.  

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