Temenos vs. Backbase: Core Banking Platforms Comparison

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. 

Temenos

Founded in 1993, Temenos is one of the world’s top core banking software systems. After over 25 years of providing best-selling software for financial institutions, Temenos boasts unbeatable experience and a wide range of system integrations. 

Rich functionality and cutting-edge technology made Temenos the go-to for over 3,000 current clients and 41 of the world’s top 50 banks, serving more than 500 million customers every day. The platform is designed to help retail, corporate, and private banks manage transactions, risk, enterprise credit, and much more. 

Backbase

The vendor of choice of 80+ banks around the world, Backbase empowers financial institutions to place digital at the core of their business models. The company’s Omni-Channel Banking Platform is the preferred choice for world-renowned institutions such as Barclays, Credit Suisse, Deutsche Bank, Fidelity, ING, and many more. 

Since its launch in 2003, Backbase has been helping banks develop a compelling experience on digital channels. Today, the company impacts over 90 million end-customers daily. In-depth focus on customer experience management and unparalleled speed of implementation make Backbase a highly rated FinTech software provider. 

Temenos vs. Backbase

TemenosBackbase
Founded19932003
Number of clients3,00080
HeadquartersGeneva, SwitzerlandAmsterdam, Netherlands
Customer profileRetail, corporate, universal, private, Islamic and microfinance & community banks.Financial institutions dealing with retail, corporate, SME, and wealth management with onboarding, loans, etc.
Number of end-customers500 million90 million
Number of employees4,600800
Number of offices689
SolutionsInfinity – Digital Front Office
T24 Transact – Core Banking
Payments
Infinity Wealth
Fund Management
Retail Banking
SME Banking
Corporate Banking
Wealth Management

Leading Core Banking Alternatives

There are many more worthy next-generation companies competing in the banking services market. SDK.finance and their core banking platform has been particularly successful at leveraging modern tools to help financial institutions modernize their services quickly and easily. 

SDK.finance, founded in 2013 and based in Vilnius, Lithuania, offers a highly secure and mobile-ready solution to delight banking customers and take the lead in the open banking world. 

SDK.finance Core Banking Benefits

  • Focus on growing your business while we take care of technology
  • Create a customer-centric bank with a ready-to-go core banking platform 
  • Get more than technology, tap into over 10+ years of our experience in FinTech development

Why Choose SDK.finance? 

  • A broad range of verification methods, including two-factor authentication, biometric checks, security notifications, and Strong Customer Authorization for payments.
  • Integrate SDK.finance core banking platform with other banks and let your customers add and manage all of their accounts from a single application.
  • Create personalized web interfaces, mobile, and back-office applications using our highly adaptable banking API set.
  • A wide range of integrated solutions and even more easy to connect tools perfect for your business.

Click here to learn more about the SDK.finance core banking platform, its features & functionality, use cases, integrations, and API, security, and used technologies.