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Oracle FLEXCUBE vs. Finastra: Core Banking Platforms Comparison

Looking for the ultimate core banking platform for your business?

Competition in the banking industry is getting tougher. Next-gen banks are winning market share by targeting popular niches in the value chain, forcing incumbent banks to modernize their legacy platforms. 

The good news is that there are many tools to help banks replace their legacy platforms quickly and efficiently. In fact, more than 65% of surveyed banks are exploring the potential of digital core banking platforms. Let’s review popular brands in the core banking niche. 

Oracle FLEXCUBE overview

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. 

Finastra overview

90 of the world’s top 100 banks by asset size are partnered with Finastra. With clients in 130 countries worldwide and one of the broadest sets of financial software solutions on the market, Finastra is able to serve all functions of all types of financial institutions. 

By harnessing the platform’s flexible and open technology, Finastra’s clients can go from legacy banking to transparent, innovative, and agile systems. With Finastra’s modular technology stack, financial institutions can launch and deliver new functionality quickly with less risk. 

Compare Oracle FLEXCUBE vs. Finastra vs.

Founded 2017 (merger)19972013
Headquarters London, UKMumbai, IndiaVilnius, Lithuania
Customer profileCorporate and retail banks, lenders, treasuries, and capital market playersUniversal, direct, private, and Islamic banks; financial and lending institutions.Businesses looking to launch a digital bank, PSPs or start a payment-related business.
Number of employees10,000+9,00060
SolutionsRetail Banking
Transaction Banking
Treasury and Capital Markets
Investment Management
Core banking software
Enterprise limits
Collateral management
Investor Servicing
Financial Services Lending and Leasing
Digital retail banking software
Digital wallet software
Marketplace payment solution
Payment acceptance software
Cloud ewallet solution
FinTech Platform

Leading Core Banking Solution Provider Alternatives

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

  • Focus on growing your business while we take care of technology
  • Create a customer-centric bank with a ready-to-go banking platform 
  • Get more than technology, tap into 15+ years of our experience in FinTech development

Why choose 

  • A broad range of verification methods, including two-factor authentication, biometric checks, security notifications, and Strong Customer Authorization for payments.
  • Integrate 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.

Contact us to learn about the core payment platform and how it can be applied to your specific business case to implement the product vision you have in mind. 


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