The parties are reported to have recently signed a partnership agreement in which they strengthen their positions in the retail, business banking and private banking.

The digital banking portfolio will be one of the comprehensive solutions for financial institutions. The portfolio will consist of a straight-forward and cost-effective method to build end-to-end banking products, while offering a personalised digital experience for the end-user. This will be achieved by integrating ieDigital’s ”Interact”, a digital engagement platform, with Five Degrees’ ”Matrix”, a digital core banking platform.

While sharing the news, Martijn Hohmann, CEO of Five Degrees, remarks that the partnership would enhance the digital experience for both the customers and prospects of Five Degrees by ”adding world-class consumer-oriented solutions” to their offering. He is further confident that the agreement grows their business and secures the leadership position of FiveDegrees in banking across the globe. ”Our global vision is to give everyone the chance to have a healthier and more convenient life while choosing and interacting with financial products. Joining forces with ieDigital will help make our vision a reality much faster by accelerating the development of our digital solutions portfolio. Our joint venture provides financial institutions with the tools to offer a better experience for consumers when managing their finances daily.” he adds.

Jerry Young, CEO of ieDigital, shares:

“The partnership with Five Degrees is strategic and timely, with opportunities emerging in Europe and across the globe. The end-to-end digital banking offering will address rapidly to shifting end user requirements which are creating a never-ending stream of challenges for banks seeking to execute on digital transformation.” He also adds: “Our advanced digital banking platform in association with the existing Five Degrees’ core banking platform, will provide a seamless and cost effective operation for financial institutions that desire to remain competitive, and prioritise investment in this area. Our joint partnership strengthens the ability to help financial institutions to transform progressively, in order to meet future market needs while ensuring a superior customer experience.”

Headquartered in Birmingham, ieDigital is an award-wining digital agency assisting charity, health, and educations clients engage with their audiences and increasing their impact.