Dutch banking software firm Five Degrees and British digital engagement company ieDigital have launched a digital banking portfolio for financial institutions.
It consists of a cost effective method to build end-to-end banking products that help to identify and generate revenue opportunities, combining ieDigital’s ‘Interact’ digital engagement platform, with Five Degrees’ ‘Matrix’ core banking platform.
A statement from the duo argued that decision makers in financial services firms are typically sticking to existing monolithic back-end applications that are, in many cases, decades old and focussed on the digital front end without addressing the need to update the core.
The new solution aims to fix this by creating the seamless digital end-to-end experience that customers need, allowing new banking products and services to be easily designed and quickly delivered.
Jerry Young, chief executive of ieDigital, stated: “The partnership with Five Degrees is strategic and timely, with opportunities emerging in Europe and across the globe.
“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."
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