By Leandra Monteiro

SaaScada SaaScada has announced that it has won the award for ‘Best Core Banking Implementation: Best Adoption of Tools & Practices’ at the IBSi Global FinTech Innovation Awards 2022 for its work with Allica Bank.

IBS Intelligence is a global Financial Technology focused research, advisory, and news analysis firm, with a 30-year track record and clients globally. This fourth edition 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.  This year the awards received over 151 nominations from 47 countries.

Head of Research at IBS Intelligence, Nikhil Gokhale said, “With SaaScada’s solution, Allica Bank was able to build a range of proprietary onboarding and account servicing capabilities, and launch a new Payments division. SaaScada and Allica worked towards clear project objectives and goals, analysing requirements using Jira just-in-time. The agile approach used by SaaScada fits perfectly with Allica’s iterative sprint-based approach. I congratulate SaaScada for its win in the category, ‘Best Core Banking Implementation: Best Adoption of Tools & Practices’.”

SaaScada’s, cloud-native core banking engine was built to enable organisations to unlock trapped customer value, mitigate risks and drive real-time data insights. By rearchitecting how core banking services are delivered, SaaScada has simplified and accelerated the process of developing new financial products, making it easier and more cost-effective to provide first-class banking services to all customers.

CEO and Founder of SaaScada, Nelson Wootton said, “The SaaScada team is thrilled to have won the award for Best Core Banking Implementation: Best Adoption of Tools and Practices for our work with Allica Bank.  It has been great to work with the team at Allica to power their Business Rewards Account.  We’re really looking forward to continuing our work with Allica to bring innovative banking products to the SME market. Thanks to IBS intelligence for running these awards and the recognition of the work Allica and SaaScada have done together.”

Chief Product Officer at Allica Bank, Conrad Ford said, “At Allica, we believe that a small number of talented and empowered colleagues can deliver more – and better – outcomes than the huge, bureaucratic programmes beloved of traditional banks. The successful build of our proprietary Business Rewards Current Account – counted in months, not years – demonstrates this in practice, helped hugely by the shared values of our partner SaaScada, and their API-first core”.