The collaboration between these Dutch FinTechs, both companies are based in the Netherlands, strengthens the position of the two companies within a complete and secure banking platform proposition and safeguarding financial institutions against financial crime.

As part of the partnership, Belleron becomes part of five°degrees Open Banking Marketplace: through adding this technology, customers are now able to fight fraud via machine learning with out-of-the-box trained models, but also provide intelligent kill switches in case of black swan events.

Peter-Jan Van De Venn, Executive Vice President five°degrees said: “By joining forces with Belleron and their solution CAPTURE, they have a great reputation in the field in developing risk based approaches and fighting crime via transaction monitoring on a massive scale. We're looking forward making our proposition a safer one with Belleron on board.”

Bas Uildriks, co-founder Belleron said: “The rapid deployment of five°degrees and agility of their platform provides us a great springboard to reach out and get more people acquainted on how we look at financial crime and the methods used to fight it.