Martin Della Chiesa, Co-CEO As customers demand more agile and flexible financial services, institutions turn to next-generation platforms to remain competitive. Skaleet, a Paris-based company offering its cutting-edge SaaS Core Banking Solutions, is leading the next-gen core banking revolution.
Skaleet’s modular, cloud-based solution enables digital banks, payment institutions, and traditional banks to rapidly launch new products, enhance customer experiences, and reduce operational costs. By offering a flexible, pay-as-you-go model, Skaleet allows financial institutions to drive innovation while leaving behind the limitations of outdated, one-size-fits-all legacy systems.
This model alleviates the burden of substantial upfront capital investments, ensuring these entities focus on innovation and customer engagement. Established banks also reap significant benefits from the pricing structure, providing a strategic pathway for modernization and mitigating the financial strain typical of traditional methods.
“We believe that the future of banking lies in empowering institutions to innovate without constraints. Our platform is designed to remove the barriers to transformation,” states Martin Della Chiesa, Skaleet’s Co-CEO.
With over 30 customers in 15 countries, Skaleet has built a reputation for delivering reliable solutions that meet the needs of traditional and non-incumbent financial players. Its clients range from neo-banks and embedded finance players to large traditional banks looking to modernize operations.
Modular, Cloud-Based Core Banking with Cutting-edge Capabilities
Skaleet’s innovative modular product catalog enables financial institutions to tailor services to their clients' evolving needs. Unlike traditional monolithic systems that require banks to invest in entire product suites, its modular approach allows institutions to choose and implement only the features they need.
For instance, a digital bank can introduce a new product rapidly, or a traditional bank can seamlessly integrate additional features to elevate customer experiences-accomplishing all this without the protracted development cycles associated with legacy systems.
Built with an API-first, event-driven architecture, Skaleet’s platform seamlessly integrates with a bank’s existing infrastructure. It also facilitates a better connection between internal systems and third-party services. In an increasingly complex financial ecosystem, this integration is vital for institutions seeking to adapt to evolving regulatory requirements, shifting customer expectations, and rapid technological advancements.
Skaleet also offers a powerful payment engine. It supports various payment services with a 360-degree view of customer accounts and product offerings. The platform equips banks with all the tools they need to operate efficiently in today’s fast-paced financial landscape.
Solving Real-World Challenges for the Financial Sector
“Whether assisting a large traditional bank in expanding into a new market or enabling a fintech startup to scale rapidly, our solutions are designed to address two key pain points-speed to market and operational efficiency,” adds Della Chiesa.
A primary challenge for financial institutions is launching new projects like a greenfield initiative or a digital transformation of an existing service. Building the infrastructure from scratch is often prohibitively expensive and time-consuming. Legacy system providers and internal IT departments may quote millions of dollars and years of development time to get a new project off the ground. Skaleet provides a much faster, cost-effective alternative. Its platform enables financial institutions to launch new services within months, reducing time to market.
This agility is one of Skaleet’s core strengths. For instance, during the height of the pandemic, it helped a client in Africa launch a digital bank from scratch in just four months. Four years later, the bank serves over 800,000 customers. This demonstrates Skaleet’s ability to deploy scalable solutions rapidly, even in challenging environments.
We believe that the future of banking lies in empowering institutions to innovate without constraints. Our platform is designed to remove the barriers to transformation
On the other hand, many financial institutions struggle with the high costs and operational inefficiencies associated with legacy systems. These systems are expensive to maintain and hinder banks’ ability to provide a modern, seamless customer experience. Skaleet addresses this by providing a robust platform for digital transformation, enabling banks to reduce their running costs by up to five times while significantly improving the speed at which they can launch new products.
La Banque Postale, one of Europe’s largest banks, is a prime example of Skaleet’s impact. The bank was facing significant delays and costs in the context of the launch of Ezyness, its Bank-as-a-service offering. After partnering with Skaleet, they could roll out ten different services in just three years, cutting their operating costs by more than half and reducing the time it took to bring new products to market by a factor of five.
Similarly, Skaleet recently partnered with Française des Jeux, France’s leading stateowned lottery company, to launch a Neobank that leverages their existing distribution network of tobacco shops. Within five months, the firm helped launch a fully digital banking service that integrates physical and digital channels. This quick time to market was a key factor in the project’s success, demonstrating its ability to deliver tangible client results.
Future-Proofing Banks with Cloud-Native Technology
Skaleet is expanding its geographical reach at an impressive pace. Initially focused on serving organizations in France and Africa, the company now caters to clients across Europe, including the Netherlands, Cyprus, Malta or Lithuania. Aiming to be the leading NextGen core banking solution in Europe and Africa, Skaleet is intensifying efforts in Spain and entering the Nordics by participating in the upcoming Nordic FinTech Festival.
Partnerships are crucial to Skaleet’s strategy. It believes core banking is best developed collaboratively. The firm is building alliances with key product vendors, including those for card processing and anti-money laundering software, and strengthening ties with system integrators for large-scale implementations.
Skaleet’s influence on the financial services sector is set to intensify. Skaleet empowers banks and payment institutions to deliver exceptional customer experiences and accelerate growth by combining a modular, cloud-native platform with seamless integration capabilities. With a strong foundation and clear vision, Skaleet is not just keeping pace with industry changes-it’s shaping the future of banking.
