The Dutch online pension bank selects °neo as their banking platform to fuel a renewed strategy and to extend its capabilities to provide more financial products.
Amsterdam, 24 June 2021 – five°degrees announces Brand New Day as the newest client for °neo, its recently unveiled new cloud-native core banking platform.
Earlier this year Brand New Day announced it will stop offering company pensions and life insurance and will focus on the fast-growing private market for savings and investments. To underpin the new strategy Brand New Day builds on the new core banking platform of five°degrees. °neo will enable Brand New Day to increase its product offering and scale its capabilities without carrying an additional operational burden as the core functionality is provided by five°degrees as Software as a Service.
Gerjan de Lange, Chief Technology Officer at Brand New Day comments:
"At Brand New Day we are taking substantial steps to prepare for future expansion. Selecting °neo is a pivotal decision to enable future growth and help us to serve the needs of our customers while extending important capabilities. The solid partnership between five°degrees and Brand New Day has been fruitful from the start in 2017 and their new cloud-native technology enables us to scale and adapt to the rapidly changing financial services landscape."
Learn more about Brand New Day on: https://new.brandnewday.nl/
Martijn Hohmann, CEO, and founder of five°degrees:
“I am very pleased to have Brand New Day on the °neo platform. From day one Brand New Day has set new standards in the financial industry for their clients and in terms of how financial service providers can leverage technology. I am excited to continue the journey and enable them to take another significant step to realize their ambitions."
Since Brand New Day officially became a bank in 2017, it is utilizing °neo’s predecessor Matrix as the core of its banking operation. Next to Brand New Day five°degrees is currently supporting over 20 banks in Europe and North America through Matrix. In the coming months, the clients of Brand New Day will be migrated to the °neo platform.
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