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Five Degrees teams up with Salt Edge to boost digital banking innovation via open banking

Five Degrees teams up with Salt Edge to boost digital banking innovation via open banking | Fintech Finance

Five Degrees, a cloud-native core banking technology provider, combines forces with Salt Edge, a leader in offering open banking solutions, to kit up banks and lenders from Europe with the open banking-enabled tools, helping them to create fully digital and innovative services.

The contemporary financial services landscape is a highly disrupted space, and only those businesses and organisations that manage to constantly flex and change, can operate efficiently and realise their full potential. The fintech phenomenon has shaken up the traditional banks by challenging conventional thinking, and forcing them to reinvent themselves, moving away from the standard set of services. And here is where modern companies like Five Degrees and Salt Edge rise to the challenge of giving banks and lenders the most innovative financial tools to keep up with the changes.

This partnership aims to add open banking capabilities to accounts and lending engines of the Five Degrees cloud-native core banking offering °neo. Salt Edge’s open banking solutions, including account information and data enrichment, supplement Five Degrees offerings comprehensively and can be easily integrated into banking and lending systems. Choosing Five Degrees and Salt Edge tandem, companies can connect to financial data from 5,000+ financial institutions in over 50 countries.

Five Degrees is proud to announce that it will partner with Salt Edge for their cloud-native core banking offering °neo. Together, Five Degrees °neo and Salt Edge will pursue opportunities to further digitise the financial services industry. Salt Edge, a leading open banking solution provider, offers a wide variety of services that complement the °neo lending and accounts engines. Given Salt Edge’s global presence, we foresee ample opportunities to jointly serve current and new markets.- Maurits van Schooneveld, Strategy Manager at Five Degrees

Modern financial services industry is experiencing a seismic shift in how new products are created and delivered to the market and the concept of open banking that matures fast, becomes germane for digital transformation. Here at Salt Edge we are excited to collaborate with Five Degrees to promote the adoption of open banking movement, so more and more businesses could benefit from countless opportunities that emerge in the financial market. – Alina Beleuta, Growth Officer at Salt Edge

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