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Core Banking vs. Finacle Core Banking vs. TCS BaNCS

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Core Banking

    N/AN/AN/AN/A

    Finacle Core Banking

    Score7.1 out of 10
    N/ABuilt on advanced architecture, Finacle Core Banking Solution offers a suite of capabilities for digital banking. Its capabilities include flexible product factories, extensive parameterization, product bundling and reusable business components. With its real-time processing engine, open APIs and embedded customer insights, Finacle delivers an advanced digital banking foundations to engage demanding consumers.N/A

    TCS BaNCS

    Score7.8 out of 10
    N/ATATA Consultancy Services offers TCS BaNCS, a cloud-based platform promising resiliency and scalability, as well as lower IT overhead, for banks.N/A
    Pricing
    Core BankingFinacle Core BankingTCS BaNCS
    Editions & Modules
    No answers on this topic
    No answers on this topic
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    Offerings
    Pricing Offerings
    Core BankingFinacle Core BankingTCS BaNCS
    Free Trial
    YesNoNo
    Free/Freemium Version
    NoNoNo
    Premium Consulting/Integration Services
    NoNoNo
    Entry-level Setup FeeNo setup feeNo setup feeNo setup fee
    Additional Details———
    More Pricing Information
    Community Pulse
    Core BankingFinacle Core BankingTCS BaNCS
    Considered Multiple Products
    VisionCredit Gregal Financial Institutions
    No answer on this topic
    EdgeVerve, an Infosys Company
    Chose Finacle Core Banking
    Supports customization more than the other solutions which offers many of the features out of the box, since based on the requirements from business and cost associated for this solution it was decided to go with it, frequent upgrades are also suggested but again that would …
    Incentivized
    Tata Consultancy Services
    No answer on this topic
    Key User Insights
    Would buy again
    No answers on this topic
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    Delivers good value for the price
    No answers on this topic
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    Happy with the feature set
    No answers on this topic
    No answers on this topic
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    Lived up to sales and marketing promises
    No answers on this topic
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    Implementation went as expected
    No answers on this topic
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    User Ratings
    Core BankingFinacle Core BankingTCS BaNCS
    Likelihood to Recommend
    -
    (0 ratings)
    7.0
    (1 ratings)
    7.8
    (2 ratings)
    Usability
    -
    (0 ratings)
    7.0
    (1 ratings)
    -
    (0 ratings)
    User Testimonials
    Core BankingFinacle Core BankingTCS BaNCS
    Likelihood to Recommend
    VisionCredit Gregal Financial Institutions
    No answers on this topic
    EdgeVerve, an Infosys Company
    Well suited for middle east and asia pacific banks, african banks as the solutions already has required features as per localizations and regulations specific to those regions. might not be complete suitable out of the box for other markets, unless some customization, surround layers are built. many features for both corporate and retail banking exists.
    Incentivized
    Read full review
    Tata Consultancy Services
    The Product is a microservice component architecture compatible with RHEL Open Shift technology which can scale on-demand thus ensuring scalability on demand, resilient and robust architecture to meet banks current and futuristic requirements
    Incentivized
    Read full review
    Pros
    VisionCredit Gregal Financial Institutions
    No answers on this topic
    EdgeVerve, an Infosys Company
    • many features for various products is out of the box
    • option for customization and localization for any functionalities
    • digital banking with various solutions for internet banking, mobile banking, branch, ATM
    Incentivized
    Read full review
    Tata Consultancy Services
    • Evaluation and contracting
    • Integration
    • Deployment
    Incentivized
    Read full review
    Cons
    VisionCredit Gregal Financial Institutions
    No answers on this topic
    EdgeVerve, an Infosys Company
    • Some of the solutions doesnt have localization as per market and regulations.
    • customizations in core solution requires legacy programming languages and has some proprietary scripting
    • integration can take time for surround systems
    Incentivized
    Read full review
    Tata Consultancy Services
    No answers on this topic
    Usability
    VisionCredit Gregal Financial Institutions
    No answers on this topic
    EdgeVerve, an Infosys Company
    usability wise Finacle Core Banking apis are consumed by various surround systems for mobile, internet and teller banking, through put is good and can handle the load for month end, end of the day batches resiliently and is scalable depending the capacity. If all end to end solutions are taken from Finacle Core Banking then is more easily usable with less integration and implementation efforts
    Incentivized
    Read full review
    Tata Consultancy Services
    No answers on this topic
    Alternatives Considered
    VisionCredit Gregal Financial Institutions
    No answers on this topic
    EdgeVerve, an Infosys Company
    Supports customization more than the other solutions which offers many of the features out of the box, since based on the requirements from business and cost associated for this solution it was decided to go with it, frequent upgrades are also suggested but again that would need some effort for migration to new version
    Incentivized
    Read full review
    Tata Consultancy Services
    Strong customer focus, support and good integration capabilities
    Incentivized
    Read full review
    Return on Investment
    VisionCredit Gregal Financial Institutions
    No answers on this topic
    EdgeVerve, an Infosys Company
    • complete bank product and accounts management with deposits, loans, crm solutions
    • product is offered as SaaS, PaaS, banks can decide which suits them
    • Required to build teams with talent pool specific to do Finacle Core Banking customizations
    Incentivized
    Read full review
    Tata Consultancy Services
    • Good revenue growth
    • Improved process
    • Improved service
    Incentivized
    Read full review
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