Five Degrees raises €22 million to launch new core banking platform
Dutch core banking vendor Five Degrees has raised €22 million to launch a new cloud-native banking platform.
The new platform comprises a modular architecture that uses microservices to deploy core banking technology for accounts, lending and customer data management.
The firm, which claims over 20 top bank clients – including ABN Amro, TD Bank, Van Lanschot and KNAB – says it is currently in discussions with several launch customers.
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