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.
Apex Softwares
With over 30 years of combined experience, Apex Softwares aims to deliver a wide range of solutions for automation of financial operations in the banking sector. Apex’s cloud-based core banking platform has been chosen for 20+ projects by companies in Africa, Europe, and New Zealand.
The company offers a wide-range of solutions for automation of financial operations covering banking areas such as retail banking services, portfolio management, and savings, current and fixed deposit accounts.
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.
Apex vs. Oracle FLEXCUBE
| Apex Softwares | Oracle FLEXCUBE | |
| Founded | 2007 | 1997 |
| Number of clients | 20+ projects | 600+ |
| Headquarters | Nairobi, Kenya | Mumbai, India |
| Customer profile | Microfinance, banks, African cooperative savings and credit associations | Universal, direct, private, and Islamic banks; financial and lending institutions. |
| Number of end-customers | – | 380 million |
| Number of employees | – | 9,000 |
| Number of offices | – | 79 |
| Solutions | Retail and Mobile Banking ATM Switch systems Reporting and BI System Integrations | Core banking software Enterprise limits Collateral management Investor Servicing Financial Services Lending and Leasing |
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.