Mascoma Technologies has launched Stratum, a Software-as-a-Service (SaaS) platform designed to offer financial institutions flexibility in their technology environments. Stratum aims to enable financial institutions (FIs) to standardize and synchronize data, operate legacy and next-generation systems concurrently, and establish interconnected ecosystems to address customer needs.
Developed by bankers, Stratum seeks to provide a modernization path without requiring a complete overhaul of existing infrastructure. Dan McGee, Chief Operating Officer of Mascoma Technologies, stated, “At a time when many banks are frustrated by the limitations of legacy platforms, Stratum changes the game. This platform doesn’t ask FIs to start over, it lets them move forward. Stratum is flexible, scalable, and easy to implement because no institution should be forced to choose between status quo and a complete overhaul.”
The platform includes an intelligent data hub that facilitates bi-directional data flow across various systems. This allows FIs to manage multiple core banking systems without affecting customer experience, maintain a unified data source, and leverage real-time data for improved service and financial insights. Stratum supports phased modernization strategies and is engineered to be agile and AI-ready, designed for evolutionary updates rather than disruptive conversions.
Stratum originated from an internal initiative at Mascoma Bank, a $2.9 billion community bank that has served Northern New England since 1899. Facing challenges with its own outdated technology, Mascoma Bank recognized a widespread industry need for a modernization solution. This led the bank to develop Stratum by bringing together banking and technology experts. Mascoma Technologies, a subsidiary of Mascoma Bank, has since progressed beyond its initial internal deployment.
Stratum is now live and proven in production, engineered for scalability across financial institutions of varying sizes. As part of its commercialization, the platform transitioned from Mascoma Bank’s internal infrastructure to a standalone environment managed by the subsidiary. This migration involved rerouting vendor traffic, including digital banking systems. The architecture of Stratum allowed both environments to run in parallel, ensuring continuous access for customers and highlighting the platform’s resilience and commitment to seamless modernization.
Mascoma Technologies has also established partnerships with LoanPro and Thought Machine, demonstrating Stratum’s integration capabilities with leading fintech solution providers. Colton Pond, Chief Marketing Officer at LoanPro, commented, “As we evaluated the market to help our customers connect LoanPro to their core banking software, Stratum was the obvious choice. Having direct experience as a financial institution, they understand the struggles that our customers face and have solved the problem firsthand.”
Mascoma Technologies provides banking infrastructure focused on bridging legacy and next-generation systems through real-time data unification, enabling financial institutions to innovate without disruption. The company is a subsidiary of Mascoma Bank.
