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Finacle Core Banking vs. Synapse

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    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

    Synapse

    Score9 out of 10
    N/ASynapse (formerly SynapseFi), from the company of the same name in San Francisco, si a white-label banking API, providing solutions for card issuance, payments, and account set up.N/A
    Pricing
    Finacle Core BankingSynapse
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    Finacle Core BankingSynapse
    Free Trial
    NoNo
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    NoNo
    Entry-level Setup FeeNo setup feeNo setup fee
    Additional Details——
    More Pricing Information
    User Ratings
    Finacle Core BankingSynapse
    Likelihood to Recommend
    7.0
    (1 ratings)
    9.0
    (1 ratings)
    Usability
    7.0
    (1 ratings)
    -
    (0 ratings)
    User Testimonials
    Finacle Core BankingSynapse
    Likelihood to Recommend
    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
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    Synapse (formerly SynapseFi)
    Synapse is great for companies would like to pay their bills on time without the hassle of reaching out to each vendor.
    Incentivized
    Read full review
    Pros
    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
    Synapse (formerly SynapseFi)
    • Simple
    • Hands On
    • Easy to navigate
    Incentivized
    Read full review
    Cons
    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
    Synapse (formerly SynapseFi)
    • Ability to update information
    • Formatting
    • More email report options
    Incentivized
    Read full review
    Usability
    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
    Synapse (formerly SynapseFi)
    No answers on this topic
    Alternatives Considered
    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
    Synapse (formerly SynapseFi)
    I have not been a user of SynapseFi
    Incentivized
    Read full review
    Return on Investment
    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
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    Synapse (formerly SynapseFi)
    • Less interest charges
    • Happier clients
    • More credit card usage which leads to benefits
    Incentivized
    Read full review
    ScreenShots