10+ Best Core Banking Software 2023
Gartner defines a core banking system as a back-end system that processes daily banking transactions and posts updates to accounts and other financial records. Core banking systems typically include deposit, loan and credit processing capabilities, with interfaces to general ledger systems and reporting tools.
| ||Mambu||3.8||Eugene Danilkis||Custom||2011||$94.3 M||501+||Amsterdam||1582+ Reviews||200+|
| ||FusionBanking||4.3||Simon Paris||Custom||2017||$1 M||10001+||Paddington||1648+ Reviews||N/A|
| ||Avaloq||5||Juerg Hunziker||Custom||1985||$500 M||1001+||Zürich||1648+ Reviews||450+|
| ||Symitar EASE||4.2||N/A||Custom||1984||$50 M||501+||San Diego||1603+ Reviews||N/A|
| ||NCR D3 Digital Banking Platform||4.7||Mark Vipond||Custom||1884||$1 M||10001+||Atlanta||1709+ Reviews||N/A|
| ||MX||4.8||Ryan Caldwell||Custom||2010||$100 M||501+||Lehi||1620+ Reviews||200000000+|
| ||iCBS||5||Ragesh Shah||Custom||1997||$1.38 B||150+||Ahmedabad||1638+ Reviews||N/A|
| ||Temenos T24 Transact||4.8||Max Chuard||Custom||1993||$94.8 M||5001+||Geneva||1627+ Reviews||1200000000+|
| ||Episys||4.5||N/A||Custom||1984||$50 M||501+||San Diego||1608+ Reviews||N/A|
| ||TurnKey Lender Core Banking||4.7||Dmitry Voronenko||Custom||2014||$13.1 M||100+||Austin||1628+ Reviews||N/A|
Mambu powers world-leading financial brands with its peerless core banking software solutions designed to help develop highly-tailored financial offerings for trailblazing financial institutions. It facilitates the creation of the most compelling banking experiences through leveraging the combined power of its partner ecosystem and its unparalleled composable approach that enables them to connect to other critical services and solutions, bringing in digital-first customer experiences in a highly customer-centric platform.
FusionBanking is the next-gen core banking platform developed by Finastra, designed with unparalleled operational efficiency and client engagement. It provides a holistic financial management approach for the digital-savvy customers running around amid the rapidly-evolving digital banking market.
Avaloq future-proofs businesses with its highly scalable and flexible core platform designed with best-in-class fintech integration that harnesses the power of the new era of open banking. It consolidates wealth management businesses and retail banking as well as other financial offerings into an extremely secure single location built to boost efficiency while allowing wealth managers to focus more on their clients and their more important tasks. Avaloq has powered over 150 financial organizations from around the world with 4.5tn CHF in global assets under its care.
Symitar EASE powers credit unions with the ability to harness their core competencies by giving them seamless access to emerging technology while empowering them with strict regulatory compliance and continuous access to the renowned experts of the industry bursting with a real knack for technology and data security. The platform enables users to quickly introduce new market- and member-driven products and services besides the on-demand access to at least 50 integrated interconnected brands and applications.
NCR D3 Digital Banking Platform
The NCR D3 digital banking platform enables banks and credit unions to deliver the most compelling digital banking experiences to their users. It is a microservice-based architecture with an array of open APIs that allow the platform to give financial institutions the power to control their digital future. This feature-rich digital software is developed in accordance with multiple banking services and functionalities that empower complete agility, flexibility, and scalability. The D3 platform is the key for these financial institutions to gain the real competitive edge with increased engagement and reduced complexities while innovating faster than they have ever been.
MX is a financial data platform, providing the most reliable and secure data connectivity network to thousands of digital banking providers, credit unions, and more. It is a leader in modern connectivity and is among the fastest-growing fintech innovators. MX has been helping organizations turn raw and unstructured data into the most valuable asset.
iCBS is a centralized core platform, a universal banking solution designed for Government Banks, Private, Commercial, Investment, Community, Service Banks, Central Bank of a Country, and Islamic Banks. It is also for internet banking, mobile banking, and branchless banking. iCBS is a product by Virmati, a well-recognized software technology provider in Banking & Financial industry.
Temenos T24 Transact
Temenos T24 Transact serves more than 3,000 financial institutions as a core banking solution and has built a strong reputation in the financial services market. The system enables banks to scale faster through cloud platforms and traditional infrastructure. Temenos 24 covers the Retail Banking, Corporate Banking, Financial Health Management, and Wealth Management sectors.
Episys by Symitar is a customizable and highly flexible solution based in IBM System p™. It is deployed in about 650 US credit unions, chosen by 40% of all credit unions. The software is considered a global information technology that offers products, services, as well as support for mobile systems. Episys comes in many different products.
TurnKey Lender Core Banking
TurnKey Lender delivers core banking technology that promotes ethical lending and serves a greater purpose for the world's financial sustainability. TurnKey Lender's solutions fuel businesses that share these principles and strive to make a difference in the environmental and social responsibility sectors for their clients, communities, and workforce. TurnKey Lender has technologically enabled funding for enterprises and non-profits throughout the industrial and societal spectrum, including solar panel firms, over the years.