Finacle Core Banking solution platform experience
Rating: 7 out of 10
IncentivizedUse 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
Likelihood to Recommend
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.
Vetted Review
10 years of experience