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Oracle FLEXCUBE vs. Finacle: Core Banking Platforms Comparison

 

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. 

Oracle FLEXCUBE

10% of the World’s banked population have an account powered by Oracle FLEXCUBE. 600+ financial institutions use the company’s universal banking solution in 140+ countries across the globe.

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 to innovate and create next-generation digital customer experiences. 

With access to advanced automation tools that rely on Machine Learning, the company’s clients can generate better insights and enhance straight-through processing. Oracle FLEXCUBE is ideally suited to help companies jumpstart their digital transformation. 

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.

Oracle FLEXCUBE vs. Finacle

Oracle FLEXCUBEFinacle
Founded1,9971,999
Number of clients600+1,300
HeadquartersMumbai, IndiaBangalore, India
Customer profileUniversal, direct, private, and Islamic banks; financial and lending institutions.Retail, corporate, universal, community, and Islamic banks; lending and payment providers
Number of end-customers380 million1 billion
Number of employees9,0002,800
Number of offices796
SolutionsCore banking software
Enterprise limits
Collateral management
Investor Servicing
Financial Services Lending and Leasing
Corporate, Retail, Universal, Community Banking Suites
Payments Connect
Digital Engagement Hub

Leading Core Banking Alternatives

There are many more worthy next-generation companies competing in the banking services market. SDK.finance and their core banking platform has been particularly successful at leveraging modern tools to help financial institutions modernize their services quickly and easily. 

SDK.finance, founded in 2013 and based in Vilnius, Lithuania, offers a highly secure and mobile-ready solution to delight banking customers and take the lead in the open banking world. 

SDK.finance Core Banking Benefits

  • Focus on growing your business while we take care of technology
  • Create a customer-centric bank with a ready-to-go core banking platform 
  • Get more than technology, tap into over 10+ years of our experience in FinTech development

Why Choose SDK.finance? 

  • A broad range of verification methods, including two-factor authentication, biometric checks, security notifications, and Strong Customer Authorization for payments.
  • Integrate SDK.finance core banking platform with other banks and let your customers add and manage all of their accounts from a single application.
  • Create personalized web interfaces, mobile, and back-office applications using our highly adaptable banking API set.
  • A wide range of integrated solutions and even more easy to connect tools perfect for your business.

Click here to learn more about the SDK.finance core banking platform, its features & functionality, use cases, integrations, and API, security, and used technologies.