Five Degrees and Salt Edge join forces to take digital banking to the next level.
Published on: June 1, 2022
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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 Five Degrees cloud-native core banking offering °neo.
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, Strategy Manager at five°degrees: “Five Degrees is proud to announce that it will partner with Salt Edge for their cloud-native core banking offering °neo. Together, Five Degrees °neo 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.
Five Degrees is a cloud-native core banking technology provider that supports real banks to meet today’s standards. Through °neo, our core banking platform, our clients rely on a banking grade SaaS platform that unites our extensive experience working with world-class financial institutions. Five Degrees was founded by bankers in 2010. Our launching customer KNAB was based on our 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 our technology. With over 150 colleagues working from our offices in Amsterdam, Reykjavik, Lisbon and Novi Sad.
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