Published by Jessica Weisman-Pitts
Posted on July 20, 2023
Topicus and Five Degrees disrupt the Financial Industry with Cutting-edge Banking Technology stacks
Amsterdam, Tuesday 18th July 2023 – Following the successful acquisition of Five Degrees by Topicus, the combined force will offer turn-key banking tech-stacks that challenge technology providers incumbent to the sector.
Topicus and Five Degrees vocalized their ambition at the Five Degrees offices during a recent networking event. The event featured Sabyasachi Sengupta of ABN AMRO Bank as keynote speaker and Topicus CEO Daan Dijkhuizen elaborating on the strategic direction.
The primary strategic focus revolves around vertical market solutions, commonly known as FinTech stacks, within this market. These fully integrated, end-to-end solutions are designed to support specific business domains. The initial rollout will focus on Retail Lending, with comprehensive stacks planned to cover the entire banking landscape, catering to private banks, mortgage banks, mobile-only banks, and commercial banks.
While Topicus has long been a trusted provider of banking technology for established banks, the acquisition of Five Degrees brings vertical solutions closer to the core banking capabilities essential for mission-critical operations. This integration enables seamless alignment between specialized solutions and essential banking functions across the organization, enhancing efficiency.
Financial institutions (FSIs) can derive substantial benefits from these solutions, as they have the opportunity to collaborate with a sole provider rather than integrating solutions from various vendors. This enables FSIs to streamline their implementation projects and operations, resulting in enhanced governance and overall efficiency.
Moreover, adopting these stacks allows FSIs to operate at the forefront of the industry. Leveraging next-generation cloud-native technology, they can meet the ever-evolving needs of customers in a timely manner. This positions FSIs to stay ahead of the curve, keeping up with emerging trends and maintaining a competitive edge in the market.
Both Five Degrees and Topicus bring extensive experience in delivering mature solutions using innovative technology in complex banking environments. Their combined offering covers everything from customer engagement to core banking, as well as lending and wealth management, providing a comprehensive suite of solutions for financial institutions.
About Five Degrees
Five Degrees, founded in 2011, is a leading fintech company that provides modern and flexible core banking solutions to financial institutions worldwide. The company’s mission is to empower banks to drive digital transformation and deliver innovative and personalized banking experiences that meet the needs and expectations of today’s customers. The company has over 150 employees who are operating from offices in The Netherlands, Iceland and Portugal.
More information can be found on the website: https://www.fivedegrees.com/
About Topicus
Topicus is a leading provider of innovative software platforms for various industries, including finance, healthcare and education. The company works with customers to develop solutions that contribute real value to their organizations and their customers. With over a thousand employees, the company works to make a positive impact with IT. More information can be found on the website: https://topicus.nl/
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