Why are banks still struggling with core banking, despite spending billions?
I put that question to Martin della Chiesa, CEO of Skaleet, in the latest Scale Point Podcast.
Skaleet is a next-gen core banking platform that sits at the heart of the banking tech stack—designed to help financial institutions break free from legacy constraints and build for the future.
Martin didn’t hold back.
“Sixty to seventy billion dollars are spent on core banking every year—and still, everybody’s complaining.”
The problem isn’t just outdated tech. It’s complexity. Inertia. Fear of getting it wrong.
As Martin puts it, banks aren’t just buying software—they’re making once-in-a-generation decisions that will define their architecture, experience, and agility for years to come.
We talk about what Skaleet is doing to change that: a modern, API-native, composable core built for clarity, speed, and flexibility. No monoliths. No hand-wavy visions. Just real tools to help banks modernise without losing control.
In this episode, we cover:
→ Why transformation often fails before it starts
→ How to navigate the build vs buy dilemma
→ The shift from legacy to modular architecture
→ Skaleet’s strategy for growth in Europe and Africa
→ Why people—not just platforms—are the ultimate API
→ And how regulation (PSD3, DORA, FIDA) is turning infra modernisation from nice-to-have into must-do
It’s a candid, insightful conversation with someone who’s been on both sides of the table—from investor to operator.
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