SaaScada and Vacuumlabs team up to revolutionize core banking tech
SaaScada and Vacuumlabs have joined forces to modernise core banking systems. The partnership aims to help banks and FinTech firms launch new products faster. Both companies will combine their expertise to simplify large-scale banking transformations.
The collaboration targets financial institutions in the Baltics, Nordics, Central and Eastern Europe, the UK, and the Middle East.
The two firms will integrate SaaScada's cloud-native core banking platform with Vacuumlabs' financial product development and systems integration skills. Together, they offer a full technology stack, covering digital channels, payments, KYC and AML checks, and regulatory reporting. Their unified approach is designed to cut implementation risks and streamline complex deployments.
Nelson Wootton, CEO and Co-Founder of SaaScada, explained that the partnership will make it easier to bring new banking products to market. Tomas Masek, CEO of Vacuumlabs, added that execution—not technology—remains the biggest hurdle in core banking upgrades. Vacuumlabs will provide delivery frameworks, integration support, and engineering expertise to ensure systems meet production and compliance standards.
SaaScada's platform enables real-time data processing and lets banks adjust products without heavy IT involvement. The combined solution aims to reduce the time and complexity of rolling out new financial services.
The joint offering will support regulated institutions in multiple regions. By combining their strengths, SaaScada and Vacuumlabs plan to accelerate banking innovation. Industry reports suggest that around 30-40% of global banks have started similar modernisation projects by 2025.
