Avaloq vs Finacle. Avaloq Alternative. Finacle Alternative

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at interbank rates are just some of the innovative features that most established banks cannot implement due to the outdated technology at their cores.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. 

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.    

Finacle

Finacle, developed by Infosys, is a cloud-based banking solution that helps financial institutions modernize their core banking capabilities. The platform is used by banks in 100+ countries and serves 1 billion end-customers worldwide. 

With open APIs, embedded customer insights, and a real-time processing engine, Finacle offers a comprehensive set of products that are sure to accelerate innovation-led growth. The highly modular solution was designed to speed up the production of new products and accelerate digital adoption. 

A trusted partner to over 1,300 clients, Finacle delivers faster, safer, and fully personalized core banking services.

AvaloqFinacle
Founded19851999
Number of clients1501,300
HeadquartersZurich, SwitzerlandBangalore, India
Customer profileWealth managers, retail banksRetail, corporate, universal, community, and Islamic banks; lending and payment providers
Number of end-customersUnknown – $4.5 trillion in assets1 billion
Number of employees2,0002,800
Number of offices246
SolutionsAvaloq Core
Avaloq Wealth
Avaloq Engage
Avaloq Insight
Corporate, Retail, Universal, Community Banking Suites
Payments Connect
Digital Engagement Hub

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.