SaaScada & Partes sign embedded finance partnership in Switzerland

By Gloria Methri

Partes Ltd and SaaScada have partnered to offer core banking software and embedded finance solutions tailored to the needs of the Swiss financial industry. In addition, Partes will provide Banking-as-a-Service (BaaS) services built on the SaaScada platform.

The partnership aims to establish an alternative platform to existing core banking solutions in Switzerland and enable a controlled transformation to modern system architecture.

Financial services are being modularised and integrated directly into customers’ lives through open banking, embedded finance and contextual banking. This enables financial institutions to reach new customers, platforms to expand their offerings and consumers to enjoy seamlessly integrated services. This disruption requires a technologically flexible and efficient infrastructure and a cultural rethink towards horizontal value creation.

The partnership between Partes AG and SaaScada aims to accelerate the transformation of the financial services industry by providing innovative, flexible and scalable banking and software-as-a-service services. Partes AG, known for its customised, innovative embedded finance solutions, and SaaScada, a provider of cloud-native core banking platforms in Europe, are combining their strengths to deliver best-in-class solutions to financial institutions in Switzerland.

André Renfer, CEO and co-founder of Partes AG said, “Our partnership with SaaScada is the key to the seamless and efficient integration of financial services into our customers’ existing user journeys. This not only reduces complexity but also accelerates the market launch of new products.”

“SaaScada’s microservice architecture and flexible product engine offer unrivalled scalability and adaptability. By working with Partes, we can pass on these benefits directly to Swiss financial institutions and help them to respond with agility to market changes,” said Nelson Wootton, CEO and Co-founder of SaaScada, on the partnership.

With the introduction of Banking-as-a-Service based on the SaaScada platform, Partes can offer its customers a comprehensive and flexible solution that enables them to expand their financial services quickly and efficiently. The platform allows banks to achieve a controlled digital transformation and reduces dependency on existing legacy technology.