°neo by Five Degrees and Fourthline collaborate to fight financial crime in digital banking

By Edlyn Cardoza

°neo by Five Degrees, the cloud-native core banking platform, and Fourthline, the provider of digital identity solutions, join forces to offer clients leading KYC solutions. The two companies will work together to digitise the financial services industry further and help clients in their fight against financial crime.

Stefan Wittens, Platform Experience and Ecosystem lead at °neo by Five Degrees, said, “We are proud to work with Fourthline for our cloud-native core banking offering °neo. Given Fourthline’s ambition and presence, we foresee great opportunities to jointly serve the market.”

Amsterdam-based Fourthline is one of the fastest-growing digital KYC providers and offers KYC-related services that complement the °neo lending and accounts engines. An integration will enable clients to do a quick and automated watchlist screening on existing customers against PEP and sanction lists. This will detect fraud and de-risk clients’ existing customer portfolios.

Serkan Ünal, Head of Strategic Partnerships at Fourthline, said, “We are very excited to be part of Five Degrees’ ecosystem, a company with a wealth of experience and a world-class track record in the financial sector. °neo by Five Degrees’ cloud-native SaaS platform, combined with Fourthline’s bank-grade compliance as a service, will help our respective clients speed up their go-to-market strategies, smoothen their customer onboarding experience and increase their fraud detection rates.”

five°degrees is a cloud-native core banking technology provider that supports real banks to meet today’s standards. Through °neo, our core banking platform, their clients rely on a banking-grade SaaS platform that unites our extensive experience working with world-class financial institutions. Founded by bankers in 2010, their clients are leading banks and lenders in Europe and North America with a robust digital ambition.