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Finacle description
Finacle, by Infosys, is a core banking software solution designed to help banks adapt to the digital age. It provides a range of services focused on shifting operational priorities and enabling digital transformation for financial institutions. This includes modernizing core systems, improving customer experience, and managing risk and compliance.
Who is Finacle best for
Finacle is ideal for banks seeking digital transformation and operational modernization. We've seen that its comprehensive banking functionalities, detailed reporting, and strong security are particularly beneficial for medium to large enterprises. Keep in mind that users sometimes mention slow performance, customization limitations, and occasional bugs, so it's best for organizations with the resources to manage these issues..
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Great for mid-sized to large banks (100+ employees) seeking comprehensive digital transformation of their core banking operations.
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Well-suited for finance, banking, and insurance industries aiming to modernize operations and enhance digital customer experiences.
Finacle features
Supported Core Banking Solution: Core Banking Solution: This comprehensive suite empowers banks with a centralized platform for managing all their core banking operations. It provides tools for account management, transaction processing, customer relationship management, and regulatory compliance. The core banking solution is designed to streamline operations, improve efficiency, and reduce costs for banks of all sizes. |
Supported Digital Engagement Suite: Digital Engagement Suite: This suite offers a seamless and personalized omnichannel banking experience. It combines mobile banking, internet banking, and other digital channels to provide customers with convenient access to banking services. The Digital Engagement Suite enhances customer engagement, drives digital sales, and improves customer satisfaction. |
Supported Corporate Banking Solution Suite: Corporate Banking Solution Suite: Designed for corporate clients, this suite offers specialized tools for trade finance, lending, syndication, payments, and treasury management. It helps corporate clients manage their finances efficiently, streamline their operations, and mitigate financial risks. |
Supported Finacle on Cloud: Finacle on Cloud: This cloud-based solution provides banks with the flexibility and scalability of cloud computing. It allows banks to access Finacle's core banking, digital engagement, and corporate banking solutions through a secure cloud platform, reducing IT infrastructure costs and improving agility. |
Supported Payments Suite: Payments Suite: This comprehensive solution offers banks a robust platform for processing payments of all types, including real-time payments, cross-border payments, and mobile payments. The Payments Suite helps banks streamline their payment operations, reduce costs, and improve efficiency. |
Supported Treasury Management Suite: Treasury Management Suite: This suite provides banks with advanced tools for managing their treasury operations, including liquidity management, risk management, and regulatory compliance. It helps banks optimize their treasury functions, minimize risks, and improve profitability. |
Supported Islamic Banking Suite: Islamic Banking Suite: Catering to the specific needs of Islamic banks, this suite offers Sharia-compliant solutions for core banking, digital engagement, and corporate banking. It helps Islamic banks manage their operations efficiently, comply with Sharia principles, and serve their customers effectively. |
Supported Analytics and AI Solutions: Analytics and AI Solutions: These solutions provide banks with advanced analytics capabilities, enabling them to make data-driven decisions, personalize customer experiences, and mitigate risks. The Analytics and AI solutions help banks unlock the value of their data and gain a competitive edge. |
Finacle reviews
We've summarised 35 Finacle reviews (Finacle G2 reviews) and summarised the main points below.
- User-friendly interface and easy navigation
- Comprehensive banking functionalities and modules
- Fast transaction processing and efficiency
- Detailed reporting and customer information management
- Strong security and data protection
- Slow performance and occasional freezing or bugs
- Difficult customization, especially for beginners
- Rigid parameters and limited flexibility
- API access limitations for database connection
- High bandwidth requirements and server dependency
Finacle alternatives
Oracle Enterprise Linux 7.6 supported by NavisiteStable, managed Linux foundation for Oracle apps in the cloud.Read more
Finacle FAQ
Finacle by Infosys is a core banking platform that helps financial institutions adapt to the digital world. We find it provides solutions for modernizing systems, enhancing customer experiences, and managing risk and compliance. It offers a range of services, including core banking, digital engagement, and corporate banking solutions.
What is Finacle and what does Finacle do?
Finacle by Infosys is a core banking platform that helps financial institutions adapt to the digital world. We find it provides solutions for modernizing systems, enhancing customer experiences, and managing risk and compliance. It offers a range of services, including core banking, digital engagement, and corporate banking solutions.
Finacle offers various integration options, including APIs and pre-built connectors, allowing it to connect with other tools and systems seamlessly. This ensures smooth data flow and enhanced functionality within the banking ecosystem.
How does Finacle integrate with other tools?
Finacle offers various integration options, including APIs and pre-built connectors, allowing it to connect with other tools and systems seamlessly. This ensures smooth data flow and enhanced functionality within the banking ecosystem.
Finacle's main competitors include Avaloq, FIS, iCBS, and FIS Core Banking. These platforms offer similar core banking solutions and target a similar client base of financial institutions.
What the main competitors of Finacle?
Finacle's main competitors include Avaloq, FIS, iCBS, and FIS Core Banking. These platforms offer similar core banking solutions and target a similar client base of financial institutions.
Yes, Finacle is a legitimate core banking software solution by Infosys. We find that it receives positive reviews for its comprehensive features and user-friendly interface. However, some users have mentioned issues with customization and occasional performance problems.
Is Finacle legit?
Yes, Finacle is a legitimate core banking software solution by Infosys. We find that it receives positive reviews for its comprehensive features and user-friendly interface. However, some users have mentioned issues with customization and occasional performance problems.
I'm sorry, but pricing information for Finacle is not available at this time. We recommend contacting Infosys directly for a personalized quote.
How much does Finacle cost?
I'm sorry, but pricing information for Finacle is not available at this time. We recommend contacting Infosys directly for a personalized quote.
Finacle users report mixed experiences with customer service. While some appreciate the convenient features and comprehensive banking solutions, others mention difficulties getting support and slow resolution of technical issues.
Is Finacle customer service good?
Finacle users report mixed experiences with customer service. While some appreciate the convenient features and comprehensive banking solutions, others mention difficulties getting support and slow resolution of technical issues.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.
An AI tool that observes your work, finds inefficiencies, and suggests smarter ways to do things. Maybe you can use your tools better, automate tasks, or switch software.