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at interbank rates are just some of the innovative features that most established banks cannot implement due to the outdated technology at their cores.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.
Mambu
As a relative newcomer, Mambu has established itself as a rapidly growing supplier of banking solutions. In the two years since its founding in 2011, Mambu’s platform was adopted by 100 microfinance organizations in 26 countries around the world.
Today, the Berlin-based start-up services over 150 banks, fintechs, and telecom companies with over 14 million end-users. Mambu helps prominent companies like Santander, N26, and Orange to rapidly design, launch, and scale their digital-first banking and lending services.
With a platform built from the cloud upwards, Mambu’s SaaS engine is a powerful alternative to costly and complex traditional core banking systems. Besides its cloud approach, Mambu provides its clients with tools to build, integrate, and launch any lending portfolio.
Sopra vs Mambu
| Sopra | Mambu | |
| Founded | 2012 | 2011 |
| Number of clients | 1,500 | 150 |
| Headquarters | Paris, France | Berlin, Germany |
| Customer profile | Any type of bank | Alternative lenders (p2p, marketplace personal and SME lenders), deposit-taking institutions, and mobile banking providers. |
| Number of end-customers | 500 million | 14 million |
| Number of employees | 5,000 | 200+ |
| Number of offices | 25 | 8 |
| Solutions | Core Banking Systems Customer Engagement Ecosystem Management Lending & Leasing Collection Management Deposits & Savings Payments & Cards Risk, Regulation & Reporting | Composable banking Cloud banking platform Mambu Process Orchestrator |
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.