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Finacle

Finacle

Core Banking Solution.

Finacle Overview

Finacle is a digital banking platform that helps banks manage everything from customer accounts to mobile banking. It gives banks the tools to be more efficient, innovative, and competitive.

More About Finacle

The Finacle suite includes solutions for core banking, lending, payments, digital engagement, corporate banking, cash management, wealth management, treasury, analytics, AI, and blockchain requirements of financial institutions.

Key Features and Services of Finacle:

  1. Manage accounts, transactions, loans, deposits and other core banking functions.
  2. Mobile banking, internet banking and other digital tools to interact with customers.
  3. Process various types of payments efficiently.
  4. Manage a bank cash flow and liquidity.
  5. Provide tools for wealth management services.
  6. Manage a bank financial instruments and exposures.
  7. Generate insights from data to improve decision making.
  8. Utilize cutting edge technologies for enhanced services.

Pricing:

Starts at a $500,000 one time fee for each user.

Capabilities for Enhanced Operations

Finacle offers a feature-rich solution, allowing banks to:

  • Configure third-party products seamlessly to take advantage of ecosystem partnerships.
  • Personalize customer engagements by leveraging real-time data analytics.
  • Automate and digitize operations through AI, machine learning, and business process management tools.

Customer Success Stories:

Finacle has successfully powered digital transformation for leading banks worldwide:

  • DBS Bank: Finacle helped DBS Bank, one of the largest banks in Asia, establish progressive digital banking standards, enabling innovation-led growth.
  • State Bank of India (SBI): India’s largest public sector bank deployed Finacle across 24 countries, completing a multi-country transformation in just 24 months.
  • Paytm: As India’s leading mobile payments platform, Paytm utilized Finacle APIs to develop disruptive business models for its payments bank, enabling seamless integrations with its services.
  • Discover Financial Services: This major US direct bank leveraged Finacle’s core banking system to modernize its infrastructure, enabling faster innovation and improved customer engagement.
  • RCBC Bank: One of the largest banks in the Philippines, RCBC achieved superior business metrics through operational efficiencies powered by Finacle’s modern core banking platform.

Pros & Cons

Pros:

Constructed with strong security measures to safeguard confidential client information.

Cloud support and API integrations enable easy scaling for different-sized banks​.

Provides tools for digital banking, mobile banking, and other features to improve customer engagement and satisfaction.

Consistently rated as a top core banking solution.

Cons:

The platform can be complex to learn and use, especially for smaller banks with limited IT resources.

Poor CRM functionality at the branch level.

Extensive customization needs can significantly increase the cost.

Company

Finacle

Contact

+91 80 2852 0261

Headquarter

Bangalore, Karnataka, India

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Finacle Features

Cloud Solution Payment Solutions Mobile Banking Risk Management RealTime Processing Fraud Detection Document Management Workflow Automation SaaS Model Multi Currency

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