Find the best core banking platform for your business.
Innovative products and services running off modern core banking platforms are transforming the banking industry. Functional web and mobile banking experiences offered by challenger banks are forcing established banks to review the legacy technology at their cores.
White label core banking software are helping banks to radically modernize and benefit from lower costs, accelerated time-to-market, quick scaling, and personalized consumer propositions. Given these benefits, it’s not surprising that over 65% of banks are exploring cloud-based 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.
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.
Sopra vs Flexcube
| Sopra | Oracle FLEXCUBE | |
| Founded | 2012 | 1997 |
| Number of clients | 1,500 | 600+ |
| Headquarters | Paris, France | Mumbai, India |
| Customer profile | Any type of bank | Universal, direct, private, and Islamic banks; financial and lending institutions. |
| Number of end-customers | 500 million | 380 million |
| Number of employees | 5,000 | 9,000 |
| Number of offices | 25 | 79 |
| Solutions | Core Banking Systems Customer Engagement Ecosystem Management Lending & Leasing Collection Management Deposits & Savings Payments & Cards Risk, Regulation & Reporting | Core banking software Enterprise limits Collateral management Investor Servicing Financial Services Lending and Leasing |
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.