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4 SaaS Core Banking providers shaping Europe’s financial future

By Gloria Methri

January 14, 2025

  • APIs
  • Aura Cloud
  • Cloud Banking
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SaaS Core Banking, Cloud Banking, APIs, Payments, FinTech, Europe, UKSaaS core banking platforms play a pivotal role in transforming how banks, FinTechs, and financial institutions operate. These platforms provide cloud-based, scalable solutions that streamline and automate key banking functions, making them more agile and cost-effective.

For businesses, this means quicker time-to-market, greater operational efficiency, and enhanced customer experiences—all while keeping up with rapidly changing regulatory and market demands. Here’s a look at four SaaS core banking providers leading the charge in Europe.

Aura Cloud next-generation, cloud-based core banking platform designed to provide end-to-end banking services with a particular focus on scalability and flexibility. The API-first platform offers a range of different modules for Loans/Credits/BNPL, Accounts/Deposits, Cards, Payments, Factoring, P2P/Marketplace, Loyalty and Rewards with full support for multi-currency, multi-entity setups and international expansion.

five°degrees is an innovative core banking provider based in the Netherlands, offering flexible, digital-first banking solutions. Its flagship platform, Matrix, is a cloud-native, modular core banking solution that empowers financial institutions to deliver innovative products and services. Matrix is designed to meet the needs of modern banking, providing solutions for payments, lending, deposits, and customer engagement. With a focus on scalability, five°degrees allows its clients to stay competitive by offering a high degree of customization and enabling faster time-to-market for new banking products.

Fimple is a SaaS-based core banking platform focused on delivering integrated banking and financial services through an advanced, user-friendly interface. Based in the UK, Fimple aims to simplify and enhance banking operations for both traditional financial institutions and FinTech companies. The company offers a composable finance solution with native APIs based on SaaS Architecture and Cloud-native microservices. By using Fimple Transaction Composer, banks and financial institutions can develop/reconfigure products and services and offer them to their customers and FinTech partners.

Skaleet is a French FinTech firm providing innovative core banking solutions that enable financial institutions to modernise and launch new services quickly. Skaleet offers a cloud-native, API-first platform designed to accelerate digital transformation and simplify the management of complex banking operations. It allows users to build efficient networks that efficiently organise engagements between finance and technology providers, allowing them to provide increasingly tailored consumer experiences.

Also read: NextGen Core Banking: The Future of Banking Q4 2024

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