Finacle Core Banking vs. Symphony™

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

• 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

• 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

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

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

• 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