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at interbank rates are just some of the innovative features that most established banks cannot implement due to the outdated technology at their cores.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.
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.
Synapse
Synapse provides a wide range of API-based products to enable financial innovation on top of traditional banking infrastructure. With the aim to deliver the best-in-class financial products to every customer around the world, Synapse’s new platform has attracted significant attention and funding from funds like Andreessen Horowitz’s a16z.
Synapse offers developer-facing white-labeled APIs for companies to build innovative financial products and bank-facing APIs to automate and optimize back-end operations. Whether it’s payments, bank accounts, compliance screening, or risk mitigation products, Synapse provides scalable products and enables companies to grow efficiently.
| Apex Softwares | Synapse | |
| Founded | 2007 | 2014 |
| Number of clients | 20+ projects | 250 |
| Headquarters | Nairobi, Kenya | San Francisco, United States |
| Customer profile | Microfinance, banks, African cooperative savings and credit associations | Banks, FinTechs, Internet companies |
| Number of end-customers | – | 1.8 million+ |
| Number of employees | – | 126 |
| Number of offices | – | 1 |
| Solutions | Retail and Mobile Banking ATM Switch systems Reporting and BI System Integrations | White-labeled APIs for banking services |
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.