Five Degrees Dutch FinTech Award winner
Breukelen, April 21th 2015 – Five Degrees is delighted to be one of the winners at the Dutch FinTech Awards. At the end of the first edition of the Dutch FinTech Awards and Conference during a festive ceremony, prices were presented in the following categories: Payments, Bitcoin, Personal Finance, Banking & IT, Intelligence & Analytics, SME Finance and Overall Winner. Five Degrees was selected out of 50 Fintech companies and was awarded in the Banking & IT category. The selection was based on the individual ideas and views of the judges using their expertise, knowledge and ideas. According to the jury panel members, the main purpose of the Dutch FinTech Awards is to celebrate innovators that shape the future of finance and acknowledge the work these companies did to make a difference.
Five Degrees developed the basis for its Matrix software with the customer at the core of banking. Its Mid-office software allows mid-size banks and new banking initiatives to deliver on the transformation to customer core banking. Its open structure allows for all current and future banking options, compliant with customers’ and regulatory demand.
Martijn Hohmann, CEO: “Winning this award, confirms that our vision and highly innovative solution has been recognized once again and it clearly positions us as an innovator and challenger with the aim to invigorate banking. Banking has to transform. Banking wants to transform. There is no other option. Banking experts tell us the next banking crisis will be an operational crisis. On top of that, regulatory demands are forcing banks to redesign their legacy systems. New banking initiatives challenge traditional banking. Customers’ functional expectations are a time bomb. The new CIO gets this. Current solutions are just new wrappers on old legacy systems. Banking is looking for a viable, proven option that is able to deliver on customer core banking. We are seeing a significant increase in response to Five Degrees as a game changer in banking.”
Matrix by Five Degrees is leading the banking market in its transformation to true customer core banking. Currently Award winning bank KNAB is fully operational on Five Degrees Matrix. Performance metrics include the ability to replace the client business case within 1 year and cost reduction within 3-12 months.