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 an expert understanding of our specific banking products and processes.’
Martijn Hohmann, CEO, founder of five°degrees states: ‘Together with Franx, we are keen to change banking services through modern technology. We are delighted to take this partnership to new next level.’
°neo was introduced by five°degrees to the market just before the summer, and Franx becomes the 3rd client following SME lender Swishfund and pension bank Brand New Day.