28 November 2023

Not one but two award wins!

SaaScada are thrilled to announce that we have won both Most Innovative Digital Wallets Deployment: Most Impactful Project and NeoChallenger Bank Awards 2023: Regional Winner in Europe with Allica Bank at the IBSi Global FinTech Innovation Awards 2023.

The fifth edition of IBSi Global FinTech Innovation Awards identifies and honours technology players and banks for their excellence in driving impact through banking technology implementations and innovations using emerging technologies. More than 105 banks and financial institutions and 75 technology vendors participated in this year’s edition. IBSi evaluated 275+ technology implementations from 47 countries across the globe in 30 categories.

Nikhil Gokhale, Director – Research & Digital Properties at IBS Intelligence, said, “The strategic partnership between Allica Bank and SaaScada showcases the power of innovation in banking technology. The seamless integration of SaaScada’s cloud-native core banking engine has enabled Allica to offer a feature-rich business current account, with the integral savings wallet standing out as a market leader. I congratulate SaaScada for its win in the category, ‘Most Innovative Digital Wallets Deployment: Most Impactful Project’.

SaaScada’s, data-driven core banking engine was built to enable financial institutions of all types and sizes to create innovative first-class financial products and services. By rearchitecting how core banking is delivered, SaaScada has simplified and accelerated the process of developing new financial offerings, making it easier and more cost-effective to deliver feature-rich banking for exceptional customer outcomes.  

Nelson Wootton, CEO and Co-Founder of SaaScada, said, “The SaaScada team are thrilled to have won ‘Most Innovative Digital Wallets Deployment: Most Impactful Project’ and NeoChallenger Bank Awards 2023: Regional Winner in Europe with Allica Bank.  We are proud to be on this journey with the Allica Bank team as they continue to grow their offering to the SME market. It is fantastic to be recognised by IBS Intelligence for the second year running for the work we’ve been doing together with Allica. 

Recently named the fastest-growing fintech business ever in the UK in the Deloitte UK Technology Fast 50, Allica Bank last year also became one of the quickest UK fintechs to become profitable. The successful roll-out of its new business current account in 2023– with associated savings and overdraft capability – delivers on Allica’s commitment to be a true alternative to legacy high street banks for the UK’s established SMEs.

Nida Sattar, Head of Product – Payments at Allica Bank said, “2023 has been an incredible year for Allica Bank’s new business current account. It was only made available to the wider business community earlier this year and we’ve already seen huge uptake from businesses looking to get more from their bank. Our mission is to give established businesses the banking they deserve, and it’s been fantastic to work with a partner like SaaScada who shares this vision with us.”

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