The agreement makes Entersekt’s state-of-the-art digital channel security platform available on five°degrees’ Open Banking Marketplace, which boosts collaboration between banks and technology companies for streamlined digital customer experiences, improved efficiencies, and trouble-free compliance.

Entersekt is a B2B2C fintech company based just outside Cape Town, South Africa. Its European headquarters are in Utrecht, the Netherlands, with additional locations in Canada, Germany, Mauritius, the United States and the United Kingdom, among other places.

The collaboration between five°degrees and Entersekt will help the financial services providers meet challenges and unlock opportunities in Europe and further afield, strengthening their own positions within the global market for banking and finance software solutions.

Commenting on the partnership, Peter-Jan van de Venn, Executive Vice President, five°degrees, said: “Partnering with Entersekt is testament to our vision for the future of banking and finance so we are delighted to welcome the company as part of the our Open Banking Marketplace. Our marketplace is championing a culture of collaboration throughout the industry ,enabling us to provide a better customer experience via interconnected APIs.”

Schalk Nolte, CEO of Entersekt, said: “Our products are mature and scalable, with proven track records. At Entersekt we help tens of millions of end-users across the globe, securing 150 million digital transactions every month in 45 countries. We look forward to being part of five°degrees’ Open Banking Marketplace and are confident that our partnership will drive further innovation in digital service provision and help our mutual customers differentiate themselves from the competition.”