five°degrees, Core Banking in the Cloud
About the Interview:
We chatted with Jeffrey Severjin, Chief Technology officer of five°degrees, about its °neo core banking engine.
About five°degrees
five°degrees was founded by bankers in 2010. Our launching customer KNAB was based on our technology to become the first challenger bank in Europe in 2012. Soon incumbent banks throughout Western Europe, the United States and Canada also chose five°degrees as their digital banking technology provider. In 2018, five°degrees added lending to its product suite by the acquisition of Libra EHF, the market leader in lending technology in Iceland. Today, over 40 banks in Europe and North America use our technology. With over 150 colleagues working from our offices in Amsterdam, Reykjavik, Lisbon and Novi Sad, we launched °neo in 2021. The °neo core banking platform was built for the cloud from the ground up to continue to allow our clients to meet ever-changing market demandsT
About the Series:
Financial Institutions (FIs) are beginning to explore moving larger portions of back-office platforms to the cloud. Headlines of core migration to a cloud-native environment have turned heads and put emerging platform vendors in the spotlight. Still, many FIs are wondering who these new players are and how incumbent platform providers are responding. They’re asking: “How are core providers supporting migration to the cloud?” Celent is expanding on its Cloud Kings video series with a new series focused specifically on the core banking platform focusing on deploying in the public cloud. We want to give you a sense of what they offer and how they distinguish themselves, and what their perspective is on where an institution should focus its cloud efforts today. We are intentionally non-evaluative in these interviews.
Length and Access:
Video Précis (2:03) | Long Interview (Webinar) (7:47)*
*Client Access Only
