Founders: Steve Round, Nelson Wootton
SaaScada is a NextGen data-driven core banking engine founded on the belief that first-class products should be available to all. The business grew from a successful venture by co-founders Steve and Nelson in 2012 to provide banking services to customers who were underserved by mainstream banks: the Change Account.
The team at SaaScada has built a NextGen data-driven core banking engine that helps banks and fintechs create innovative products to suit a wide range of customers. Since launching in 2014, SaaScada has made waves in the European fintech world, raising a £2.5 million seed round in May 2022 and securing a strong roster of clients and partners.
SaaScada provides a unified product hub, making it possible to rapidly create a suite of market-leading banking products and services that meet real customer needs. Financial institutions of all sizes can therefore provide first-class banking products at a lower cost and with less complexity. By re-architecting how core banking services are delivered, SaaScada is helping to increase financial inclusivity and allow smaller players to create competitive offerings in a cost-effective way and compete with mainstream giants.
SaaScada’s data-driven core leverages cloud-native CQRS architecture and event sourcing to power real-time data insights. This approach combined with open APIs enables firms to build best of breed systems to deliver exceptional customer experiences, which is vital now that financial institutions are under mounting pressure to deliver a hyper-personalised service.
For example, SaaScada’s core banking engine underpins Allica Bank’s SME Business Rewards Account. Award winning Allica Bank selected SaaScada because of its unique architecture that provides new entrants with flexibility as they scale and grow. The data-driven SaaScada platform empowers Allica Bank with the insight to deliver products tailored to its customers’ needs.
SaaScada is growing fast across Europe and allowing customers to launch disruptive new offerings in months instead of years – including Swiss business digital payments offering Relio, Swiss financial firm 360 Pay (previously astrantiaPay), and trade finance firm Tint FS.