Finacle Core Banking vs. SAP for Banking

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.

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I think when we have a big company [than] managing the finance is not possible by manual or old data entry. Hence these are the solutions that make the task easier. Small scale requirements can be Managed by other means as banks might be charging the Premium from companies which may be costly for smaller companies.

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• 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

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• It helps with retrieving and updating information on the server.
• I can easily retrieve information regarding credit for a customer and process information to provide [the] best solution.
• SAP also assists in compliance management.

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• 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

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• migration is very tough and not easy to use tools, more [improvement] required in data migration tools.
• Mobile applications are not user friendly in terms if UI design.
• House banking configurations are complex for any changes and require intense knowledge for implementation.

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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

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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

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I ll recommend SAP for Banking or other accordingly to the size of the company, if you are part of a global company and you need to have access to the big picture & All your assets then this is the right tool, if you have a small company or Fintech then you can work on an open source App

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• 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

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• Harmonization in the data is reducing the reconciliation efforts
• SAP provides a better innovation visibility in the banking solutions space

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Independently Invited by TrustRadius

A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info