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Sopra vs Finacle. Sopra Alternative. Finacle Alternative

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. 

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. 

Finacle

Finally, 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.

SopraFinacle
Founded20121999
Number of clients1,5001,300
HeadquartersParis, FranceBangalore, India
Customer profileAny type of bankRetail, corporate, universal, community, and Islamic banks; lending and payment providers
Number of end-customers500 million1 billion
Number of employees5,0002,800
Number of offices256
SolutionsCore Banking Systems
Customer Engagement
Ecosystem Management
Lending & Leasing
Collection Management
Deposits & Savings
Payments & Cards
Risk, Regulation & Reporting
Corporate, Retail, Universal, Community Banking Suites
Payments Connect
Digital Engagement Hub

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.