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Finacle description
Finacle, by Infosys, is a core banking software solution designed to help banks adapt to the digital age. It provides a range of services focused on shifting operational priorities and enabling digital transformation for financial institutions. This includes modernizing core systems, improving customer experience, and managing risk and compliance.
Who is Finacle best for
Finacle by Infosys helps banks modernize operations and adapt to digital banking. Users praise its comprehensive features, user-friendly interface for daily tasks, and robust transaction handling. However, some find customization challenging and performance slow. Ideal for medium to large banks seeking a core banking overhaul.
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Best fit for medium to large financial institutions (101+ employees).
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Specifically designed for the finance, banking, and insurance sectors.
Finacle features
Supported Finacle's Core Banking Solution provides a centralized platform for managing all core banking operations. |
Supported The Corporate Banking Solution Suite offers specialized tools for corporate clients in various financial areas. |
Supported Finacle on Cloud allows access to banking solutions through a secure cloud platform. |
Supported The Payments Suite offers a robust platform for processing all types of payments. |
Supported The Treasury Management Suite provides tools for managing treasury operations and compliance. |
Supported The Islamic Banking Suite offers Sharia-compliant solutions for various banking operations. |
Supported Analytics and AI Solutions provide advanced analytics capabilities for banks. |
Finacle reviews
We've summarised 35 Finacle reviews (Finacle G2 reviews) and summarised the main points below.
- User-friendly interface for daily transactions
- Comprehensive banking functionalities
- Easy report generation and printing
- Robust and handles high transaction volumes
- Efficient platform support and training
- Slow performance and occasional freezing
- Difficult customization, especially for beginners
- Rigid parameters and limited flexibility
- Requires memorizing keywords for navigation
- Limited API access for database connection
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Finacle FAQ
Finacle by Infosys is a core banking platform that empowers financial institutions to adapt to the digital landscape. It offers solutions for modernizing core systems, enhancing customer experiences, and managing risk and compliance, enabling banks to optimize operations and drive digital transformation.
What is Finacle and what does Finacle do?
Finacle by Infosys is a core banking platform that empowers financial institutions to adapt to the digital landscape. It offers solutions for modernizing core systems, enhancing customer experiences, and managing risk and compliance, enabling banks to optimize operations and drive digital transformation.
Finacle offers integration capabilities through its open API platform. This allows for seamless connectivity with third-party applications, enabling banks to extend Finacle's functionalities and create a holistic banking ecosystem. However, some users have reported limited API access for database connections.
How does Finacle integrate with other tools?
Finacle offers integration capabilities through its open API platform. This allows for seamless connectivity with third-party applications, enabling banks to extend Finacle's functionalities and create a holistic banking ecosystem. However, some users have reported limited API access for database connections.
Top alternatives to Finacle include Avaloq, FIS, iCBS, and FIS Core Banking. These platforms offer similar core banking solutions, catering to financial institutions seeking digital transformation and enhanced customer experiences.
What the main competitors of Finacle?
Top alternatives to Finacle include Avaloq, FIS, iCBS, and FIS Core Banking. These platforms offer similar core banking solutions, catering to financial institutions seeking digital transformation and enhanced customer experiences.
Finacle is a legitimate core banking software offered by Infosys. It's generally considered safe and reliable, handling high transaction volumes efficiently. However, some users have reported slow performance and rigid parameters.
Is Finacle legit?
Finacle is a legitimate core banking software offered by Infosys. It's generally considered safe and reliable, handling high transaction volumes efficiently. However, some users have reported slow performance and rigid parameters.
I couldn't find pricing details for Finacle. Contact Infosys Finacle directly to get a personalized quote and see if the product is worth it for your needs.
How much does Finacle cost?
I couldn't find pricing details for Finacle. Contact Infosys Finacle directly to get a personalized quote and see if the product is worth it for your needs.
Finacle's customer service receives mixed reviews. While the platform offers support and training, users report that technical issue resolution is slow and that navigating the system often requires memorizing keywords.
Is Finacle customer service good?
Finacle's customer service receives mixed reviews. While the platform offers support and training, users report that technical issue resolution is slow and that navigating the system often requires memorizing keywords.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.