FinTech partnership strengthens position of five°degrees and W.UP in European banking and finance market

FinTech partnership strengthens position of five°degrees and W.UP in European banking and finance market
31.07.2019 09:02 am

FinTech partnership strengthens position of five°degrees and W.UP in European banking and finance market

Artificial Intelligence , Core Banking

Today five°degrees; a digital core banking provider, announces its partnership with W.UP, a banking provider that uses artificial intelligence to generate digital revenue and interact with clients.

As part of the partnership, W.UP: a London and Budapest based FinTech, becomes part of five°degrees Open Banking Marketplace: an interconnecting banking and finance ecosystem that enables competitors to work together to improve the end-user experience for its customers.

The collaboration between the two FinTechs will help to strengthen the position of five°degrees and W.UP within the European banking and finance market.

Commenting on the partnership, Peter-Jan Van De Venn, Executive Vice President, five°degrees said: “Partnering with W.UP is testament to our vision for the future of banking and finance. Through fostering a culture of collaboration among industry competitors, we are providing an unrivalled customer experience enabled by interconnected APIs within an Open Banking Marketplace. We are delighted to welcome W.UP as part of the five°degrees Open Banking Marketplace.”

Remco Veenenberg, Head of Alliances, W.UP said: “There are more than 5,000 fintechs in Europe alone, all wanting a piece of the pie. The decisive factor for winning or losing this battle will be synergies with companies that offer cutting-edge services that complement banks’ capabilities, such as W.UP’s Sales.UP personalisation and analytics tool for five°degrees’ digital core banking platform.”

 

Related News

Dynamic Infrastructure implements deep AI technology to prevent bridges and tunnels from collapsing

The New York and Tel Aviv based startup Dynamic Infrastructure is implementing the world's first deep-learning solution which allows bridge and tunnel owners and operators to... Read more »

Sberbank and Microsoft Bring AI To Robotic Cash Handling

Sberbank and Microsoft Research are teaming up to study how AI can be used to train robots to interact with physical objects in order to boost coin counting productivity.

... Read more »

MDOTM and Raiffeisen Capital Managment partner on Artificial Intelligence and sustainable investing

MDOTM, a leading provider in quantitative investment advisory services to institutional investors, and Raiffeisen Capital Management, one of Austria’s largest fund managers,... Read more »

AI intelligence platform Arkera attends IMF Annual Meeting

Arkera, a leading AI-powered, human enhanced, intelligence platform for institutional and corporate clients, is attending the IMF Annual Meeting this week, following the launch... Read more »

ING Joins Dutch AI Taskforce

ING has joined a taskforce to promote the development and acceptance of artificial intelligence technology in the Netherlands, part of a national initiative to halt a brain... Read more »

RBC Backs AI-based Climate Change Research

Royal Bank of Canada (RBC) is backing a new academic research project using artificial intelligence to address climate change.

Borealis AI, an RBC Institute for Research... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel