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Sopra vs Synapse. Sopra Alternative. Synapse Alternative

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at interbank rates are just some of the innovative features that most established banks cannot implement due to the outdated technology at their cores.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. 

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. 

Sopra vs Synapse

SopraSynapse
Founded20122014
Number of clients1,500250
HeadquartersParis, FranceSan Francisco, United States
Customer profileAny type of bankBanks, FinTechs, Internet companies
Number of end-customers500 million1.8 million+
Number of employees5,000126
Number of offices251
SolutionsCore Banking Systems
Customer Engagement
Ecosystem Management
Lending & Leasing
Collection Management
Deposits & Savings
Payments & Cards
Risk, Regulation & Reporting
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.