Which core banking platform is right for your business?
Next-generation banks are disrupting the banking industry. Instant transfers, detailed analytics, and currency exchange at interbank rates are just some of the innovative features that most established banks cannot implement due to the outdated technology at their cores.
With a modern core banking platform, banks can modernize their product offerings quickly and efficiently. In fact, according to McKinsey, some 70% of banks are already looking to upgrade their core systems to lower costs, accelerate time-to-market, personalize products, and create payment ecosystems.
Apex Softwares
With over 30 years of combined experience, Apex Softwares aims to deliver a wide range of solutions for automation of financial operations in the banking sector. Apex’s cloud-based core banking platform has been chosen for 20+ projects by companies in Africa, Europe, and New Zealand.
The company offers a wide-range of solutions for automation of financial operations covering banking areas such as retail banking services, portfolio management, and savings, current and fixed deposit accounts.
Finastra
90 of the world’s top 100 banks by asset size are partnered with Finastra. With clients in 130 countries worldwide and one of the broadest sets of financial software solutions on the market, Finastra is able to serve all functions of all types of financial institutions.
By harnessing the platform’s flexible and open technology, Finastra’s clients can go from legacy banking to transparent, innovative, and agile systems. With Finastra’s modular technology stack, financial institutions can launch and deliver new functionality quickly with less risk.
Apex vs. Finastra
| Apex Softwares | Finastra | |
| Founded | 2007 | 2017 (merger) |
| Number of clients | 20+ projects | 9,000 |
| Headquarters | Nairobi, Kenya | London, UK |
| Customer profile | Microfinance, banks, African cooperative savings and credit associations | Corporate and retail banks, lenders, treasuries, and capital market players |
| Number of end-customers | – | 175 million (retail accounts) |
| Number of employees | – | 10,000+ |
| Number of offices | – | 60 |
| Solutions | Retail and Mobile Banking ATM Switch systems Reporting and BI System Integrations | Retail Banking Transaction Banking Treasury and Capital Markets Investment Management |
Core Banking Software alternatives
SDK.finance
SDK.finance is the core payment software provider with a strong API layer for banks and FinTechs. Founded in 2013 and based in Vilnius, Lithuania, they offer a highly secure and mobile-ready solution to delight banking customers and take the lead in the open banking world.
The Platform consists of 5 main components: a back-end wrapped in 400+ API endpoints, 3 front-end frameworks, and web for system management with capabilities in iOS and Android for our clients.
SDK.finance offers Digital Retail Bank software in whitelabel.
Click here to learn more about the SDK.finance core banking platform, its features & functionality, use cases, integrations, and API, security, and used technologies.