Franx Chooses Five Degrees' Core Banking Platform °neo to Support Global Trading Platform
- Trading Systems , Transaction Banking , Core Banking
- 06.09.2021 01:20 pm
Franx, the global trading platform initiative of ABN AMRO, migrates to °neo. Aiming at maximum convenience for their clients to support their international businesses, the core technology will be provided by Five Degrees from the Microsoft Azure cloud.
Since its launch in 2018 Franx offers clients currency transactions and international payments from one single digital platform. To utilize the possibilities of their Azure strategy, the Dutch-based FX transactions provider selected °neo as their core banking technology which will be delivered as Software-as-a-Service from the Azure cloud.
Ronald Lokkers, General Director at Franx comments: ‘After a thorough selection process we choose °neo as it caters to our multi-currency requirements and fits our Azure strategy. It was important for us that °neo supports our high standards for cloud technology. With Five Degrees we have a partner that not only provides a strong technological fit, but also continually shows expert understanding of our specific banking products and processes.'
Martijn Hohmann, CEO, and founder of Five Degrees states: ‘Franx and Five Degrees have found each other as we are both keen to change banking services through modern technology. We are delighted to take this partnership to new next level.'