Dutch fintech firm Five Degrees has joined forces with the home-grown payment solutions provider BillPro to roll out new digital cross-border banking services in Europe.
Under the terms of the agreement, BillPro will use Five Degrees’ Matrix as its core digital banking platform.
Go deeper with GlobalData
Additionally, the company will provide the Matrix platform to its partners as a unique extra service.
The collaboration will enable Five Degrees to boost its footprint in the European market and give BillPro the ability to introduce new banking services for its global business clients and support partners as they develop their own solutions.
Matrix supports customer onboarding, transactions, documents, and all customer interactions. The platform can be linked to legacy core banking systems, and helps companies to improve their unique propositions, attract customers, drive sales, improve response times, and slash operational costs.
BillPro CEO Daria Rippingale said: “With the launch of our new cross border banking portfolio, we are able to leverage the cutting-edge, proven banking technology of Five Degrees to offer next-generation banking services.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData“This will add significant value to both current and future clients as well as partners. Our partnership with Five Degrees will enable BillPro to issue IBANs and Bank Accounts to people around the world.”
Five Degrees CEO Martijn Hohmann said: “We are very happy to unite forces with BillPro, a leading provider of payment solutions in Europe and beyond. As a result, we are able to expand our customer base and enhance our position in the European market for Digital Banking platforms. Through this partnership, we can shape our idea of market place banking even more.”
