In this episode of The Scalepoint Podcast, Martin sits down with Martin della Chiesa, CEO of Skaleet - a next-generation core banking platform that’s reshaping how financial institutions approach digital transformation. In a market often paralysed by too much choice and too little clarity, Martin stresses the importance of guidance and execution. Banks aren’t making routine procurement decisions—they’re taking on high-stakes, long-cycle investments that define their future architecture and customer experience. As he puts it, “Banks don’t buy core banking systems every morning. This isn’t a baguette—it’s a once-in-a-generation decision. Our job is to show the ‘how’ and de-risk the journey.” Despite spending billions annually, the industry remains mired in frustration. “Sixty to seventy billion dollars are spent on core banking every year—and still, everybody’s complaining,” he notes. The issue isn’t just outdated technology, but entrenched complexity, rigidity, and risk. Skaleet offers an alternative to the monolithic legacy stack: a modular, API-native platform built for speed, control, and real-world results. “You cannot be the best in everything you do,” he adds, advocating for composable architectures that allow banks to integrate best-of-breed solutions—without having to reinvent the wheel. “Every time someone has to write code in a project, it’s a risk.” Topics Covered: Martin’s journey from investor to operator: From his days at Long Arc Capital to becoming CEO of Skaleet, Martin shares how his background in strategy, private equity, and board governance led him to step into the role and drive the company’s next phase of growth. What is core banking anyway? Martin offers a clear explanation of core banking platforms and why they serve as the nervous system of any financial institution—from account management to payments and loans. The legacy paradox: Banks globally spend billions on IT—yet dissatisfaction with core systems remains high. We unpack the “fear of what’s next” and the inertia holding back transformation. Modern vs legacy architecture: Real-time capabilities, modular design, and open APIs are no longer optional. Martin breaks down why traditional, batch-based, monolithic systems can’t keep up—and how modern platforms like Skaleet offer a better way. Transformation pathways: From greenfield digital banks to modular renovation strategies and speedboat models, Martin shares practical approaches for institutions looking to modernise without sinking the ship. Growth strategy at Skaleet: Focus is the name of the game. Martin outlines Skaleet’s approach to scaling in Europe and Africa, combining modern tech with pre-integrated, best-of-breed ecosystems and a delivery model built for predictability and speed. The build vs buy dilemma: We explore the pros and cons of DIY banking platforms versus more guided solutions—and why too much choice can paralyse decision-makers. People as the API: Martin emphasises the need for cross-functional talent to bridge the gap between bankers and technologists, and how Skaleet is building its team and partner ecosystem accordingly. What’s next for banking in Europe? With PSD3, FIDA, and DORA on the horizon, regulatory pressure is rising. Martin shares how modern infrastructure is becoming a necessity, not a luxury, and why localisation, data sovereignty, and ecosystem collaboration will define the next five years. Connect with Martin della Chiesa: Website: www.skaleet.com 00:00 Introduction and Guest Welcome 00:44 Martin's Professional Journey 03:59 Overview of Skaleet 05:41 Challenges in Core Banking Systems 13:57 Transformation Pathways for Banks 18:04 Growth Strategy and Future of Open Banking 29:27 Market Evolution and Regulatory Impact 33:41 Conclusion and Contact Information
