Nelson and Matt explain how SaaScada is adjusting to the changing financial services industry. They have brought in an unparalleled level of flexibility to the core banking sector by severing the financial products from the ledger system. This changes the idea of accounting to accommodate different ledgers inside a single framework and enables the company to function on top of any ledger system.

The partnership that SaaScada has with UK commercial bank Allica is a shining illustration of the platform's potential. Allica uses technology to provide an interest-bearing savings wallet and a current account with an integrated overdraft capability.

According to Nelson, the business is developing an ecosystem as well as a core platform to enable financial institutions to broaden their services and give their clients a more open, effective, and customized banking experience.