Allica Bank selects core banking tech from start-up SaaScada
SaaScada, a UK-based core banking software start-up, has been selected by UK challenger bank Allica to support its new product range for SMEs.
SaaScada is a new kid on the core banking tech block
“After a rapid year of growth in 2021 for Allica, we’re really excited about our product roadmap in 2022, which sees us expand our offering – including launching our first payment account for SMEs,” says Toby Mason, chief operating officer (COO) at Allica Bank.
“We’re delighted to be partnering with SaaScada who are helping us bring this vision to life, by enabling us to build and launch innovative products at pace and scale.”
Established in 2019, Allica has recently raised £110 million in funding and acquired the UK SME portfolio of AIB Group.
SaaScada was founded in 2016. It offers a cloud-based, Software-as-a-Service (SaaS) core banking platform that supports retail banking services.
CEO Nelson Wootton describes the platform as “low-cost”, “highly secure” and “data rich”.
