SaaScada
HQ Address
3rd Floor, 70 Gracechurch Street, London, EC3V 0HR, United Kingdom
Website Address
Relevant Regions
Business introduction
Cloud native core banking
By rearchitecting how core banking services are delivered, SaaScada simplifies and accelerates cost effective development of innovative products and services
SaaScada is an industry proven cloud native core banking engine that unlocks trapped customer value, mitigates risk and drives real- time data insights.
SaaScada was founded from a desire to provide first class financial services capabilities for everyone. We enable financial institutions, wealth managers and other organisations to provide their customers with products and services.
Our business grew from a successful venture we pioneered in 2012 to provide banking services to customers who were underserved by mainstream banks. SaaScada continues that approach today, enabling financial inclusivity by giving smaller financial services players the ability to grow their offering through well-designed financial products that meet real customer needs. Our highly experienced team use a collaborative approach, working with you every step of the way to anticipate challenges, unlock value and provide innovative solutions.
SaaScada’s configurable product features and transactional ledgers can be connected to any payment scheme, gateway, channel or FX provider. Products can be configured with predetermined features or augmented with extra logic using product APIs. SaaScada’s ledgers utilise event sourcing architecture for real-time logging of all account transactions and events to feed data warehouses and construct unique reports.
By rearchitecting how core banking services are delivered, SaaScada simplifies and accelerates the cost-effective development of new products and services – enabling launch in as little as 12 weeks.
Business Overview
SaaScada grew from a very clear purpose - to provide banking services to customers who were underserved by mainstream banks. Back in 2012, Steve Round was chairman of The Big Issue Foundation. The UK Charity offers people facing exclusion and poverty with an opportunity to earn their own money, particularly by being vendors for its weekly magazine.
As a result of his work with the foundation, Steve wanted to create a bank account for people on low incomes, who were typically not attractive to banks and excluded from the financial system.
Working with Nelson Wottoon, the Change Account was born. The Change Account was an inclusive transactional account that offered secure wallets, advice and payment alerts.
Steve and Nelson believed that bringing the ethos of the Change Account to a new Cloud Native Core Banking platform would enable organisations at any scale to offer financial solutions to their customers.
Now that same approach is providing SMEs with 'big business' banking services that would not normally be available to them. We aim to enable financial institutions, wealth managers and other organisations to provide their customers with innovative new products and services that allow them to build customer loyalty and grow their business.
Customers
Our technology was built in the cloud with open APIs and data at its heart, enabling it to be used for a wide range of businesses according to their individual needs. Our data capabilities allow you to build detailed customer insights in real time and facilitate agile development as your customers’ expectations change. We are working with wealth managers, challenger banks, banks with legacy systems and other enterprises looking to provide embedded finance. The flexibility of our offering enables it to be used for a wide range of offerings.
Partners
We take the approach that technology should be treated like an ecosystem, our open APIs make it possible to work with the partners of your choice to create a product offering unique to you. If you don’t have existing partners, we can work with you to find tech partners to help build great customer experiences.
Our data capabilities make it possible for you to gather data insights and quickly spot opportunities to improve or grow your offering. Using our open APIs in conjunction with our partners, we can enable an adaptable fintech ecosystem fit to support changing customer expectations.
Key Data
Year founded
2014employees
11-50offices
1Type of Clients
- Asset Managers
- Bank Wealth Managers
- Financial Advisors
SaaScada Solutions
SaaScada Cloud Native Core Banking Platform
Our core banking engine was born in the cloud. SaaScada uses cloud-native software architecture and infrastructure to deliver: A flexible yet highly scalable ledger system. A refreshingly simple product management approach and plug and play integration framework...
