back Back

Swiss start-up Relio selects SaaScada for digital payments offering

By Gloria Methri

January 30, 2023

  • AML
  • Digital Payment Solutions
  • FinTech

SaaScada, core banking engine, digital payment solution, Swiss IBAN, AML, KYCCloud-native core banking engine SaaScada has partnered with Swiss start-up Relio to support its business digital payments offering, set to launch later this year. Relio’s digital payments account will provide tailored solutions that enable businesses with unique challenges to set up a digital payment account with a Swiss IBAN.

Relio’s platform will largely automate AML (Anti-Money Laundering), KYC (Know Your Customer), transaction monitoring, and compliance processes. The offering requires no minimum deposit, so customers can get started right away. Key features will include separate currency wallets, physical and virtual employee cards, plus slick integration with business and accounting tools.

“Relio’s mission is to provide a premium digital payment offering to businesses whose complex needs aren’t met by other providers. But, to deliver a first-class digital solution while navigating compliance and complexity challenges, we needed a great technology foundation that was flexible, affordable, and scalable. This made SaaScada the best choice,” said Lav Odorovic, CEO at Relio.

SaaScada’s API-driven approach is giving Relio a plug-and-play, core banking solution that simplifies and accelerates the cost-effective development of new products and services. It also allows Relio to deliver personalised services for every customer by tracking payments across multiple accounts and creating an accurate customer profile.

Instead of relying on static data sets, SaaScada’s event-sourcing architecture will help Relio to create a real-time stream of events for each customer account. These event streams can be used to create custom data sets, allowing Relio to build bespoke products for customers quickly.

“We are delighted to be working with Relio because we share the same philosophy; that banking is not one-size-fits-all. By helping to launch a customisable and feature-rich business payment solution, we can present underserved businesses with complex needs and the support they need to succeed. With SaaScada taking care of the back end, Relio will be able to analyse customer data to better understand and serve its customers, build new services and offerings, and meet compliance demands,” said Nelson Wootton, Co-founder, and CEO at SaaScada.

Previous Article

January 30, 2023

MoneyGram joins forces with BOTIM for international money transfers

Read More
Next Article

January 30, 2023

Grasshopper Bank and MANTL partner to develop a fully automated business online loan origination solution

Read More

IBSi Daily News Analysis

Data privacy

July 16, 2024


Rise in sophisticated attacks, state-level threats, and increased ransom DDoS Incidents

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


TISA goes live with Oracle’s core banking system, Flexcube 14.7

Read More


Visa & Temenos to offer money transfer solutions to European banks

Read More


Pelago taps Primer to deliver innovative travel payment solutions

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2024