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at interbank rates are just some of the innovative features that most established banks cannot implement due to the outdated technology at their cores.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.
Silverlake
The SilverLake System by Jack Henry Banking is a core banking solution that provides end-to-end functionality for clients in commercial banking and financial services industries. The platform offers a highly-customizable and enterprise-wide automation to enable banks to grow efficiently.
Over 20 percent of US mid-tier banks trust and rely on the SilverLake platform to attract, serve, and retain their customers. With 140 complementary products and services, the platform helps to optimize operating flexibility and maximize return on investment thanks to its open architecture and easy scalability.
Synapse
Synapse provides a wide range of API-based products to enable financial innovation on top of traditional banking infrastructure. With the aim to deliver the best-in-class financial products to every customer around the world, Synapse’s new platform has attracted significant attention and funding from funds like Andreessen Horowitz’s a16z.
Synapse offers developer-facing white-labeled APIs for companies to build innovative financial products and bank-facing APIs to automate and optimize back-end operations. Whether it’s payments, bank accounts, compliance screening, or risk mitigation products, Synapse provides scalable products and enables companies to grow efficiently.
| Silverlake | Synapse | |
| Founded | 1976 | 2014 |
| Number of clients | 425 | 250 |
| Headquarters | Monett, United States | San Francisco, United States |
| Customer profile | Commercial banks of any size | Banks, FinTechs, Internet companies |
| Number of end-customers | – | 1.8 million+ |
| Number of employees | 76 Silverlake, 6500 Jack Henry & Associates | 126 |
| Number of offices | 33+ | 1 |
| Solutions | Jack Henry Banking Symitar ProfitStars | White-labeled APIs for banking services |
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.