SaaScada is known for its revolutionary new approach to core banking, which has been tried and tested by institutions in the UK and Switzerland over recent years.
While it has been most heavily used for the creation of multi-ledger, multicurrency current accounts and savings products, in 2025, institutions across Europe have taken notice and are now leveraging SaaScada’s capabilities to build their new lending products.
SaaScada’s completely new approach to core banking has been developed by a team of cloud-native technology experts from a wide range of industries outside of financial services, enabling them to look at core banking afresh. They have brought with them a focus on customer experience and understanding of the power of data to deliver a core banking system that moves beyond the traditional concept of product modules. It is this approach that has enabled SaaScada to deliver complex lending capabilities in a fundamentally different way.
“As the banking sector
moves further into
AI-driven processes,
legacy cores risk
becoming an existential
liability because they
can’t support the hyperpersonalization
features
that AI enables.”
Paul Payne
CTO at SaaScada
“Most core banking providers begin with lending, but SaaScada took an entirely different approach,” says Paul Payne, CTO at SaaScada. “We began with the tech itself, designing it for scalability using cloud-native technology, and built the banking core based on that.”
This tech-first approach means that agility and scalability are built into SaaScada’s very core, no pun intended.
SaaScada’s “Product Sequencer”
The Product Sequencer allows banks and fintechs to build financial products in an agile, composable way, rather than being locked into the rigid modules typical of traditional core systems.
“All products share a wide set of functionalities as well as have their own unique characteristics. We consider them to be the DNA of the product”. Payne explained “Within our Product Sequencer, we make it possible to combine these different strands of product DNA to create any type of product. This enables the creation of hybrid or customised products that the market hasn’t seen before.”
Last chance: Get your tickets for Stockholm Fintech Week March 19
Focus on lending
This latest evolution of SaaScada’s lending capabilities is delivering for lending institutions with complex requirements, enabling them to leverage the flexibility of its multi-ledger, API-driven platform to deliver exceptional configurability for their customers.
Multi-ledger functionality allows building blocks, or strands of DNA, to be applied to individual ledgers within the same account. So we can have a revolving credit ledger and a fixed term loan ledger in the same account operating independently or linked in certain ways e.g. sharing the same credit limit.’
SaaScada is working with clients in the Nordics, Baltics and the UK to bring this revolutionary new lending functionality to market.
Simulation capability
SaaScada’s platform includes advanced simulation, made possible by an underlying tech structure that uses highly flexible and scalable NoSQL databases instead of legacy relational databases, which are far more restrictive.
The platform can take a snapshot of a loan, model multiple repayment scenarios, allowing them to be presented to the customer, then apply the selected model while maintaining a full audit trail and history of the options presented.
Use cases include adjusting repayments to reflect anticipated cash flow changes, modelling interest rate increases, or creating flexible repayment schedules that fit unpredictable income flows, where revenue may vary significantly from month to month.
Last chance: Get your tickets for Stockholm Fintech Week March 19
AI Ready
Central to SaaScada’s success is its underlying architecture, which uses CQRS and event streaming to deliver real-time data, and separate read and write functions. This is essential for harnessing AI in the coming years.
“As the banking sector moves further into AI-driven processes, legacy cores risk becoming an existential liability because they can’t support the hyper-personalization features that AI enables,” says Payne. “SaaScada’s product capabilities allow established banks with dated technology to launch innovative new products using a co-existence strategy. For fintechs, it brings the ability to get to market fast with a full suite of lending products and the flexibility to tailor products for their unique market segment.“
