Avaloq vs Fis. Avaloq Alternative. Fis Alternative
Find the best core banking platform for your business.
Innovative products and services running off modern core banking platforms are transforming the banking industry. Functional web and mobile banking experiences offered by challenger banks are forcing established banks to review the legacy technology at their cores.
White label core banking software are helping banks to radically modernize and benefit from lower costs, accelerated time-to-market, quick scaling, and personalized consumer propositions. Given these benefits, it’s not surprising that over 65% of banks are exploring cloud-based 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.
FIS
FIS helps banking institutions of all sizes to implement a fully integrated core banking system or complement legacy infrastructure with critical components. The cloud-native banking platform was designed with API-first functionality that allows banks to lower costs, reduce IT burden, manage regulatory demands, and easily launch new products.
FIS offers modern design, personalized products and services, and low fees to attract and bring customers in. With the FIS core, banks can meet rising consumer expectations and become more agile while staying on top of regulatory changes.
| Avaloq | FIS | |
| Founded | 1985 | 1968 |
| Number of clients | 150 | 20,000 |
| Headquarters | Zurich, Switzerland | Jacksonville, United States |
| Customer profile | Wealth managers, retail banks | Community, mid-tier, large and global financial institutions |
| Number of end-customers | Unknown – $4.5 trillion in assets | – |
| Number of employees | 2,000 | 55,000 |
| Number of offices | 24 | 14 |
| Solutions | Avaloq Core Avaloq Wealth Avaloq Engage Avaloq Insight |
Digital Channel Payments Commercial and Treasury Loyalty and Fraud Outsourcing Wealth and Retirement Commercial Lending |
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.