Digital core banking outfit Five Degrees and wholesale banking provider focusing on fintechs and payments companies, Bankingblocks, partnered to offer new services and products for challenger banks and payments companies.
The partnership strengthens Five Degrees’ position in the global market for companies who provide digital core banking services in the cloud. The collaboration sees Bankingblocks integrating Five Degrees’ Matrix core banking platform to build innovative offerings for its clients.
Five Degrees CEO and co-founder, Martijn Hohmann, states that:
“It is great to see how Bankingblocks is leveraging our digital core banking technology to provide ready to go modular banking services to existing and new fintechs. Bankingblocks have built a great proposition by providing modular banking services to fintech companies and we are proud that we are supporting this with our digital core banking platform in the cloud.”
Bankingblocks CEO, Daria Rippindale, says that the company chose Five Degrees, “due to their ability to build us a bespoke, purpose built modular core-banking solution for our wholesale banking services”. She further mentioned that Five Degrees, “are the perfect core banking platform for us, as their flexibility and modularity allow us to expand our banking and payment blocks easily and with speed”.