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.

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