As competition in the banking industry is intensifying, neobanks 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 banks are exploring the potential of next-generation core banking platforms.
SDK.finance core banking software
Check out an Avaloq and FLEXCUBE core banking alternativeContact us
Avaloq vs. Flexcube: an overview
Avaloq’s core banking platform, used by LGT, Deutsche Bank, and Barclays, among others, offers optimized efficiency and future-proof software. With over 70 modules and digital solutions, the highly modular platform seamlessly integrates and scales to best meet a client’s needs.
Avaloq’s system delivers out of the box and offers the flexibility to operate it as is. The company’s proven process enables many banks and asset managers to have the system up and running in as little as 90 days. The platform excels at reducing redundancies and streamlining back-office operations, allowing staff to focus on high-value tasks while clients receive superior digital service.
10% of the world’s banked population has an account powered by Oracle FLEXCUBE. More than 600 financial institutions use the company’s universal banking solution in 140 countries around the world.
The comprehensive, interoperable and modular solution addresses core banking needs, enables knowledge workers and reduces time to market for new products. FLEXCUBE’s front-to-back digital capabilities help financial institutions innovate and create next-generation digital customer experiences.
With access to advanced automation tools based on machine learning, the company’s customers can gain better insights and improve end-to-end processing. Oracle FLEXCUBE is ideally suited to help companies drive their digital transformation.
A white label alternative to Avaloq and FLEXCUBE core banking solutions
SDK.finance is a core banking and payment software provider with a strong API layer for banks and FinTechs. Founded in 2013 and based in Vilnius, Lithuania, we offer a range of white label core banking and payment solutions to streamline fintech product development and help our customers take the lead in the banking world:
SDK.finance provides source code license for the software, ensuring endless flexibility and vendor independence for the customers.
Our software makes a robust starting point that cuts the banking product time-to-market by half at the very least. White label solution with source code license
SDK.finance software for neobanks
White label solution with source code licenseLearn more
Compare Avaloq vs FLEXCUBE vs SDK.finance
See how Avaloq and FLEXCUBE compare to each other (and to SDK.finance) to help you decide on the right platform for you.
|Headquarters||Zurich, Switzerland||Mumbai, India||Vilnius, Lithuania|
|Customer profile||Wealth managers, retail banks||Universal, direct, private, and Islamic banks; financial and lending institutions.||Businesses with EMI or banking license looking to launch a digital bank, PSPs, payment-related businesses|
|Number of employees||2,000||9,000||60|
|Core banking software|
Financial Services Lending and Leasing
|Digital retail banking software|
Core banking software
Analytics for neobanks