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at interbank rates are just some of the innovative features that most established banks cannot implement due to the outdated technology at their cores.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.
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.
| Apex Softwares | Sopra | |
| Founded | 2007 | 2012 |
| Number of clients | 20+ projects | 1,500 |
| Headquarters | Nairobi, Kenya | Paris, France |
| Customer profile | Microfinance, banks, African cooperative savings and credit associations | Any type of bank |
| Number of end-customers | – | 500 million |
| Number of employees | – | 5,000 |
| Number of offices | – | 25 |
| Solutions | Retail and Mobile Banking ATM Switch systems Reporting and BI System Integrations | Core Banking Systems Customer Engagement Ecosystem Management Lending & Leasing Collection Management Deposits & Savings Payments & Cards Risk, Regulation & Reporting |
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.