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at interbank rates are just some of the innovative features that most established banks cannot implement due to the outdated technology at their cores.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.
Sopra
Sopra’s microservice-based API-first cloud-native banking platform powers banking institutions with a broad range of features. With its custom or ready-to-use solutions, Sopra has helped to accelerate digital transformation for 1,500+ clients in 80 countries worldwide.
Sopra promises a lower total cost of ownership (TCO) by automating back-office operations and maximizing the efficiency of everyday operations. Data protection, audit trail, PA-DSS, API-security, fraud prevention, and digital identity management measures make Sopra’s core banking solution a highly secure option in against modern threats.
Contis
Founded in 2008, UK-based Contis enables all banks to leverage digital-first technology with their end-to-end banking platform. With the system, banks can expand their product offers with digital banking and payment services to attract high-value customers and retain existing clientele. Banks can pick and choose the features they need for a reliable and hassle-free result.
The platform is fully owned by Contis and is PCI DSS Level 1 compliant, which means we don’t rely on multiple third-party providers (eg. BIN sponsors, card issuers, payment processors) for its delivery.
Sopra vs Contis
| Sopra | Contis | |
| Founded | 2012 | 2008 |
| Number of clients | 1,500 | – |
| Headquarters | Paris, France | Skipton, United Kingdom |
| Customer profile | Any type of bank | Retail banking, alternative banking |
| Number of end-customers | 500 million | 300 thousand+ |
| Number of employees | 5,000 | 101 |
| Number of offices | 25 | 4 |
| Solutions | Core Banking Systems Customer Engagement Ecosystem Management Lending & Leasing Collection Management Deposits & Savings Payments & Cards Risk, Regulation & Reporting |
Banking & Payments Issuing & Processing Cards Mobile Payments Money In/Money Out |
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.