What’s the best core banking platform for your business?
Competition in the banking industry is intensifying. Next-generation banks are winning market share by targeting lucrative niches in the value chain, forcing incumbent banks to review their legacy platforms.
The good news is that there are many tools to help banks modernize quickly and efficiently. In fact, more than 65% of surveyed banks are exploring the potential of next-generation core banking platforms.
Avaloq
Avaloq’s core banking platform used by LGT, Deutsche Bank, and Barclays, among many others, offers optimized efficiency and future-proofed software. With more than 70 modules and digital solutions, the highly modular platform can be seamlessly integrated and scaled to best match the needs of a client.
Avaloq’s system delivers out-of-the-box efficiency with the flexibility to run ‘as is’. The company’s tried and tested process gets many banks and wealth managers up and running in just 90 days. The platform excels at reducing redundancies and streamlining back-office operations, so staff can focus on high-value tasks while clients receive superior digital service.
Contis
Founded in 2008, UK-based Contis enables all banks to leverage digital-first technology with their end-to-end banking platform. With the system, banks can expand their product offers with digital banking and payment services to attract high-value customers and retain existing clientele. Banks can pick and choose the features they need for a reliable and hassle-free result.
The platform is fully owned by Contis and is PCI DSS Level 1 compliant, which means we don’t rely on multiple third-party providers (eg. BIN sponsors, card issuers, payment processors) for its delivery.
| Avaloq | Contis | |
| Founded | 1985 | 2008 |
| Number of clients | 150 | – |
| Headquarters | Zurich, Switzerland | Skipton, United Kingdom |
| Customer profile | Wealth managers, retail banks | Retail banking, alternative banking |
| Number of end-customers | Unknown – $4.5 trillion in assets | 300 thousand+ |
| Number of employees | 2,000 | 101 |
| Number of offices | 24 | 4 |
| Solutions | Avaloq Core Avaloq Wealth Avaloq Engage Avaloq Insight | Banking & Payments Issuing & Processing Cards Mobile Payments Money In/Money Out |
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.