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 Wootton, 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. From these beginnings, SaaScada was born.