Finacle Core Banking solution platform experience
Use Cases and Deployment Scope
Finacle core banking serves as the banking solution with platform of various products which primarily in our organization for the retail banking for various portfolios deposits, loans, CRM. Primarily it offers the solution for onboarding or originations, maintenance and supporting the customers for various banking operations. General ledger, atm, pos payments processing
Pros
- 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
Cons
- 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
Return on Investment
- 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
Usability
Alternatives Considered
Temenos Transact - Core Banking and FIS Core Banking
Other Software Used
Apache Kafka, Red Hat OpenShift, Catchpoint