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 helps 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.
Silverlake overview
The SilverLake System by Jack Henry Banking is a core banking solution that provides end-to-end functionality for clients in commercial banking and financial services industries. The platform offers a highly-customizable and enterprise-wide automation to enable banks to grow efficiently.
Over 20 percent of US mid-tier banks trust and rely on the SilverLake platform to attract, serve, and retain their customers. With 140 complementary products and services, the platform helps to optimize operating flexibility and maximize return on investment thanks to its open architecture and easy scalability.
Stellar overview
Stellar is a non-profit open-source network that makes it possible to create, transfer, and trade digital representations of all forms of money. The platform’s API and SDKs let companies as big as IBM and as small as single-dev startups move money and access new markets.
By creating a digital token layer to represent an underlying currency, the platform reduces regulatory barriers and costs for a radically different alternative to current financial transactions.
| Silverlake | Stellar | |
| Founded | 1976 | 2015 |
| Number of clients | 425 | 55 |
| Headquarters | Monett, United States | San Francisco, United States |
| Customer profile | Commercial banks of any size | Any company that wants to move money |
| Number of end-customers | – | 4 million |
| Number of employees | 76 Silverlake, 6500 Jack Henry & Associates | 50+ |
| Number of offices | 33+ | 14 |
| Solutions | Jack Henry Banking Symitar ProfitStars | – |
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.