SaaScada and Zumo Launch Ready-Built Crypto Route for UK Banks and Wealth Managers

SaaScada and Zumo have launched a strategic partnership to provide UK financial institutions with a turnkey solution for regulated crypto services. By integrating Zumo’s digital asset infrastructure with SaaScada’s cloud-native core banking, firms can now offer crypto trading and custody alongside traditional cash accounts, capturing volume that previously sat outside the banking ecosystem.

What was announced

SaaScada and Zumo have introduced a joint infrastructure solution that allows UK-based banks, neobanks, and wealth managers to integrate regulated cryptoasset services into their existing propositions. The partnership is designed to tackle the fragmentation of the customer experience, where users typically hold cash in a bank account but move those funds to external exchanges to purchase digital assets. According to FCA data, approximately 10% of UK adults hold cryptoassets, with the average value of those holdings on the rise.

The technical delivery is split between the two providers to ensure regulatory and operational compliance. Zumo, which is registered with the FCA as a cryptoasset business, manages the digital asset lifecycle, including custody, trading, and mandatory KYC/AML checks. SaaScada provides the underlying cloud-native core banking engine that manages the fiat cash accounts used to fund these purchases and receive proceeds from sales.

The service is available immediately and is built to be modular, allowing institutions to tailor the offering to their specific client base rather than adopting a one-size-fits-all package. Key features include the ability for clients to view their cash and crypto holdings in a single interface and for institutions to track all payment flows in real-time. This integration aims to help firms capture new revenue streams and improve retention by keeping crypto activity within the primary banking relationship, rather than committing to a multi-year internal build.

"The UK is bringing cryptoassets within the FCA's regulatory remit, with a comprehensive regime set to take effect in October 2027. This is a game changer for our sector, unlocking pent-up institutional demand and helping the UK build its position as a leading digital assets hub. The question banks and wealth managers are asking has shifted from whether to offer digital assets to how fast they can move."

Nick Jones, Chief Executive Officer & Co-Founder at Zumo.

The companies involved

SaaScada is a cloud-native core banking engine designed to allow financial institutions to build and launch products rapidly. Unlike monolithic legacy systems, it operates on a modular basis, allowing banks to integrate specialist services through APIs. The company has established itself as a challenger to traditional core providers, focusing on reducing the operational overhead and technical debt that often hampers innovation in established firms. Steve Round is a Founder at SaaScada.

Zumo is a digital assets infrastructure provider that operates as an FCA-registered cryptoasset business. It provides the technological and regulatory framework required for financial institutions to offer crypto services, including custody, brokerage, and compliance checks. Based in the UK, Zumo has positioned itself as a bridge between the emerging digital asset economy and traditional finance, specifically targeting the institutional demand created by evolving UK regulations. The partnership combines SaaScada’s ledger and cash management capabilities with Zumo’s specialized crypto infrastructure, allowing wealth managers and neobanks to offer a unified financial experience without the need for multiple, disconnected platforms.

What FF News has reported before

FF News has closely followed the evolution of the UK’s digital asset landscape and the technical challenges facing traditional institutions. In September 2026, we reported that Zumo Launches UK Cryptoasset Regulation Tracker to Simplify FCA Compliance for Fintechs, highlighting the firm's focus on navigating the complex regulatory environment. This followed the news that Zumo and Zeyro Launch Compliance Bridge for UK Crypto Market Entry.

On the core banking side, SaaScada has been a vocal critic of the status quo. Our coverage of their research revealed the Hidden Costs of Legacy Tech: UK Banks Shelling Out £3.3bn Annually on Managing Core Systems. Furthermore, we noted that UK Banks Dragging Their Feet on AI, as Four-in-Five say Fintech Challengers Are Racing Ahead, a trend that this partnership seeks to reverse by providing a faster route to market for digital asset services.

What this means

This partnership signals a shift in the UK market from experimental crypto pilots to integrated institutional offerings. By removing the need for a multi-year infrastructure build, SaaScada and Zumo are placing significant pressure on legacy core banking providers who cannot easily bridge the gap between fiat and digital assets. The move directly addresses the "leakage" of assets from traditional banks to external crypto exchanges, which has become a major pain point for wealth managers. However, the success of such integrations will depend on how seamlessly these hybrid accounts perform under the upcoming October 2027 FCA regime, which remains a looming deadline for the entire sector.