SaaScada and Vacuumlabs team up to modernise core banking

By Vriti Gothi

SaaScada has partnered with Vacuumlabs to help banks and FinTech firms modernise core banking infrastructure and launch new products with reduced implementation risk.

The collaboration brings together SaaScada’s cloud-native core banking platform with Vacuumlabs’ expertise in financial product development and systems integration. The companies say the joint approach is designed to address one of the key challenges in core banking transformation: the complexity of executing large-scale deployments.

While modern core platforms have advanced significantly in recent years, many transformation initiatives continue to face delays due to fragmented vendor ecosystems, unresolved integrations, and compliance requirements that emerge late in the implementation cycle. The partnership aims to tackle these issues by providing a unified delivery model where both companies take responsibility for the full technology stack.

Under the arrangement, the two firms will jointly support the implementation of core banking systems spanning digital channels, payments infrastructure, KYC and AML processes, and regulatory reporting. By combining platform capabilities with delivery and integration expertise, the companies aim to reduce coordination challenges that often affect transformation programmes.

Tomas Masek, CEO of Vacuumlabs, said, “The biggest barrier to core banking transformation isn’t technology, it’s execution,” Masek said. “By combining SaaScada’s highly configurable, data-driven core with our proven integration and delivery expertise, we’re giving financial institutions a single team that owns the entire journey from discovery to production.”

SaaScada’s platform focuses on real-time data processing and configurable product management, allowing financial institutions to modify products without relying heavily on IT development resources. Vacuumlabs will contribute delivery frameworks, integration capabilities, and engineering support intended to ensure production readiness and regulatory compliance.

Nelson Wootton, CEO and Co-Founder of SaaScada, said the collaboration aims to simplify the process of bringing new banking products to market. “This partnership is about removing every barrier between a bank’s vision and a product live in market,” Wootton said. “Together with Vacuumlabs, we can compress timelines without cutting corners and give institutions the foundation they need to compete and innovate.”

The joint offering is targeted at regulated financial institutions across the Baltics, Nordics, Central and Eastern Europe, the UK, and the Middle East, including established banks seeking to modernise legacy systems as well as FinTech firms building new digital banking propositions.