ebankIT, an omnichannel digital banking platform, has signed a partnership with °neo by Five Degrees, the cloud-native core banking platform. The collaboration seeks to improve digital experiences by creating a more robust end-to-end banking platform for banks and other lenders. This gives them the modern financial tools to reduce their time-to-market and stay ahead of the competition.

ebankIT, with its headquarters in Porto, Portugal complements Five Degrees’ cloud-native core banking which has a robust lending and account engines to enable the banks to deliver more humanized, personalized, and accessible digital experiences across all channels. ebankIT found a committed partner in °neo by Five Degrees, which also has a dedicated team in Lisbon, Portugal and is based in Amsterdam, The Netherlands.

The core of the collaboration is built around the need of today’s banks and lenders to continuously innovate to stay ahead in the market. In this environment, institutions can only remain competitive if they quickly adapt and fully embrace the digital banking transformation. The collaboration between °neo by Five Degrees and ebankIT delivers on this need, providing a best-of-breed approach and an expedited time-to-market.

Larissa Cavalcante, Alliances & Partnerships Manager at ebankIT said: “At ebankIT, we have no doubts that cloud solutions, combined with omnichannel technology, will represent a crucial role in the future of the banking industry. That's why we are very pleased to partner with °neo by Five Degrees on what we believe will be a very fruitful and innovative collaboration. With the joint portfolio of both companies, our labs will be able to offer increasingly powerful solutions to banks and credit unions all over the world."

Stefan Wittens, Platform Experience & Ecosystem lead at °neo by Five Degrees said: "We are excited to announce a partnership with ebankIT for our cloud-native core banking offering °neo. Together with ebankIT, we pursue opportunities to make the life of our clients more straightforward and more efficient with the best of both worlds, a best-of-breed core banking offering with a complete digital banking platform on top. ebankIT's impressive portfolio, footprint, and strive for digital transformation make our collaboration a natural fit. Our partnership will improve the time-to-market and speed up innovation for the many joint clients to come."