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.
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.
Temenos vs. Oracle FLEXCUBE
| Temenos | Oracle FLEXCUBE | |
| Founded | 1,993 | 1997 |
| Number of clients | 3,000 | 600+ |
| Headquarters | Geneva, Switzerland | Mumbai, India |
| Customer profile | Retail, corporate, universal, private, Islamic and microfinance & community banks. | Universal, direct, private, and Islamic banks; financial and lending institutions. |
| Number of end-customers | 500 million | 380 million |
| Number of employees | 4,600 | 9,000 |
| Number of offices | 68 | 79 |
| Solutions | Infinity – Digital Front Office T24 Transact – Core Banking Payments Infinity Wealth Fund Management |
Core banking software Enterprise limits Collateral management Investor Servicing Financial Services Lending and Leasing |
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.