PARTNERSHIPS
Atfinity Partners with SaaScada to Modernise Onboarding in Banking
Today, Atfinity adds another invaluable partner to its long list of banking innovators, it being SaaScada. Among so many long-established names in the core banking world, SaaScada stands out as the relatively new competitor looking to disrupt the status quo and modernise banking as we know it.
Needless to say, this made them the perfect partner for Atfinity.
What makes SaaScada different from so many other core banking systems is that unlike more traditional, monolith systems, SaaScada was built around the use of APIs. This manifests as a few key benefits.
For one, since SaaScada strictly focuses on developing their core banking system, it’s going to grow and evolve a lot more quickly than software that tries to do it all. Secondly, since they partner with other industry experts and use their APIs for all processes aside from core banking, said processes are also going to be at the highest level of quality.
For example, by partnering with Atfinity and using our API to handle their onboarding process, banks using SaaScada can ensure that both their core banking system and onboarding journey are the best-of-breed in the market.
How banks stand to benefit
In practice, banks using the SaaScada core banking system integrated with Atfinity’s onboarding process stand to benefit in a few significant ways.
For one, both Atfinity and SaaScada firmly believe in flexible software that can keep up with changes in regulation as opposed to hard-coded, unmoving systems. Therefore, when it comes to both keeping up with changes in the industry and developing new innovative solutions, banks using our software will have a leg up on their more traditional competitors.
Secondly, by not stretching ourselves too thin and focusing on perfecting individual processes rather than the entire banking tech stack, both pieces of software help you fully optimise your systems. This means getting all the best-of-breed software and offering unparalleled performance.
Who stands to benefit the most from Atfinity’s partnership with SaaScada?
While the vast majority of financial institutions will stand to benefit from SaaScada’s core banking system when paired with Atfinity’s onboarding process, there are two specific use cases that stand out the most.
Firstly, new and up-and-coming banks.
This is due to a few reasons. For one, both Atfinity and SaaScada focus heavily on creating the circumstances for innovation, meaning that if you have a unique selling proposition, it’s a lot easier to make it shine. Furthermore, both pieces of software are incredibly flexible and can be deployed very quickly, meaning that you can strike the iron while it’s hot and get to market straight away.
Lastly, both Atfinity and SaaScada are noticeably cheaper than traditional monolith systems, meaning that your profit margins can be relatively low while still allowing you to scale.
The second use case is something we’ve mentioned a few times already – bigger banks that rely on old, outdated systems.
With there being banks in Europe that are over 500 years old, it’s no surprise that a significant number of larger banks are still using legacy software that has changed very little in the past decade or two. However, industry trends such as the rise of neo banks send a clear message – people expect banks to keep up with technology.
And once again, the flexibility and speed of deployment of both Atfinity and SaaScada are key benefits here, as they can allow even large banks to completely modernise their banking infrastructure relatively quickly. And with both also made around the use of APIs, large banks can create a modern, fully-integrated tech stack that meets the demands of their customers.
About Atfinity
Founded in 2016 by industry veterans Alexander Balzer and Thorben Croisé, Atfinity is an award-winning no-code software that utilises an AI-powered rule-based system to automate and orchestrate key processes in the finance industry.
Atfinity’s most prominent domains of expertise are in user onboarding, Client Lifecycle Management, and loan origination. However, due to its flexible no-code architecture, it can be configured to fit a wide array of different processes.
Atfinity’s stand-out features are its unparalleled flexibility and affordability as well as its unique rule-based system, End-User Wizard, and powerful case manager.
About SaaScada
SaaScada has changed the way core banking is delivered. By harnessing the power of cloud-native architecture, SaaScada delivers lightning-fast transactional throughput and real-time data; driving exceptional customer experiences via best-of-breed partners, and immediate customer insights via pre-configured reports or data feeds.
Instead of costly product modules, SaaScada offers immediate access to a comprehensive suite of product features complete with multi-currency, multi-purpose ledgers. SaaScada has made it cheaper, faster and easier to build feature-rich product offerings so that challengers can get to market faster and established banks can use SaaScada alongside their legacy tech to deliver innovation.
Book your demo today and see why leading financial institutions
worldwide trust Atfinity to drive their digital transformation.
Book your demo today and see why leading financial institutions worldwide trust Atfinity to drive their digital transformation.