Portuguese ebankIT integrates cloud-native core banking platform °neo by Five Degrees

Rick Steves

“With the joint portfolio of both companies, our labs will be able to offer increasingly powerful solutions to banks and credit unions all over the world.”

Portuguese fintech ebankIT has signed a partnership with cloud-native core banking platform °neo by Five Degrees in order to improve digital experiences by creating a more robust end-to-end banking platform for banks and other lenders. This gives them the modern financial tools to reduce their time-to-market and stay ahead of the competition.

Headquartered in Porto, Portugal, ebankIT caters its Omnichannel Digital Banking Platform to banks and credit unions.

ebankIT complements Five Degrees’ lending and account engines

ebankIT complements Five Degrees’ cloud-native core banking that features lending and account engines to enable the banks to deliver more humanized, personalized, and accessible digital experiences across all channels.

Five Degrees is based in Amsterdam, The Netherlands, but also has a dedicated team in Lisbon, Portugal.

The core of the collaboration is built around the need of today’s banks and lenders to continuously innovate to stay ahead in the market. In this environment, institutions can only remain competitive if they quickly adapt and fully embrace the digital banking transformation.

The collaboration between °neo by Five Degrees and ebankIT delivers on this need, providing a best-of-breed approach and an expedited time-to-market.

“Increasingly powerful solutions to banks and credit unions all over the world”

Larissa Cavalcante, Alliances & Partnerships Manager at ebankIT said: “At ebankIT, we have no doubts that cloud solutions, combined with omnichannel technology, will represent a crucial role in the future of the banking industry. That’s why we are very pleased to partner with °neo by Five Degrees on what we believe will be a very fruitful and innovative collaboration. With the joint portfolio of both companies, our labs will be able to offer increasingly powerful solutions to banks and credit unions all over the world.”

Stefan Wittens, Platform Experience & Ecosystem lead at °neo by Five Degrees said: “We are excited to announce a partnership with ebankIT for our cloud-native core banking offering °neo. Together with ebankIT, we pursue opportunities to make the life of our clients more straightforward and more efficient with the best of both worlds, a best-of-breed core banking offering with a complete digital banking platform on top. ebankIT’s impressive portfolio, footprint, and strive for digital transformation make our collaboration a natural fit. Our partnership will improve the time-to-market and speed up innovation for the many joint clients to come.”

ebankIT integrated Wise

Among recent ebankIT partnerships include Wise, dedicated to provide banks and financial institutions with access to faster, cheaper international money transfers.

The integration of Wise means that ebankIT’s clients can easily access the platform for its international money transfer service, without needing to integrate it separately themselves.

The Wise Platform was the first international money transfer service to be available on the ebankIT Platform marketplace, which is used by banks and financial institutions worldwide to build their digital banking services.

  • Read this next

    Fintech

    Volt secures EMI license, expands payment solutions in UK

    Volt has successfully obtained an Electronic Money Institution (EMI) license from the UK’s Financial Conduct Authority (FCA).

    Retail FX

    ASIC bankrupts finfluencer Tyson Scholz over stock tips

    The Australian Securities and Investments Commission (ASIC) has effectively bankrupted Tyson Robert Scholz, the figure behind “Black Wolf Pit.” The action marks a significant crackdown on so-called ‘finfluencers’ and individuals providing unlicensed financial services.

    Digital Assets

    Green Bitcoin Presale Raises $1M as Bitcoin Approaches its ATH

    The eco-friendly crypto project Green Bitcoin has seen its limited-time presale phase cross $1 million in funding. With an innovative gamified staking model and energy-efficient foundation, Green Bitcoin offers token holders a way to stake their tokens and generate yield.

    Web3

    Introducing QuickNode Streams: Elevating Blockchain Data Management

    Discover QuickNode’s Latest Innovation: Streamlining Blockchain Data Streaming for Enhanced Efficiency and Accessibility. Explore the Future of Blockchain Technology with Streams.

    Industry News

    John Oliver rips into MetaTrader over role in ‘Pig Butchering’ scams

    “If your friend told you to download an app, and you saw it in the app store with good reviews, you might assume everything on it was legitimate. In before, you saw MetaTrader’s logo which looks like three men in suits jerking each other off under a table – an appropriate metaphor for cryptocurrency if I have ever seen one,” Oliver quipped.

    Digital Assets

    Coinbase supports Nethermind and Erigon to ease Geth dependency

    Coinbase plans to support additional execution clients as America’s largest crypto platform aims to improve the Ethereum blockchain’s resilience and mitigate the risks associated with the network’s heavy reliance on a single client.

    Opinion

    How AI Transforms Trading: Current Trends and Perspectives

    In 2023, we observed a boom of news about Artificial Intelligence (AI) in every field, whether finance, tech or medicine. In 2024 and later, AI will take an even more significant place.

    Industry News, Uncategorized

    FCA wants to tackle lack of competition in wholesale data market

    “Complex licensing practices by MDVs and trade data providers who deliver their data through MDVs increase costs for data users. Many Market Data Vendor (MDV) users have to hold licences both from the data generator (such as a trading venue) and from the MDV through which they access data. We have seen an increasing proliferation of licences for similar data types and different use cases. Complexity also drives additional costs for data users, such as operating a compliance team.”

    Digital Assets

    SEC objects to Terraform’s $166 million legal retainer

    The U.S. Securities and Exchange Commission (SEC) has lodged objections against Terraform Labs for a $166 million retainer payment to its legal representatives ahead of its trial.

    <