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> Analyst Ratings > Omdia Universe: Cloud-based Core Banking, 2023

Highlights

In the report, Omdia highlights the following key capabilities of leading cloud-based core banking providers:

Report Highlights

In the report, Omdia highlights the following key capabilities of leading cloud-based core banking providers:

  • Built leveraging cloud-native functionality
  • Offers open-source languages and modern coding standards to enable continuous integration and deployment to accelerate speed to market of new products
  • Enabling composable banking with microservices-led and event-driven architecture
  • Flexible integration capabilities through APIs to integrate with external systems including a wider partner ecosystem of niche solution providers

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Referring to Finacle Core Banking Solution, Omdia analysts Philip Benton and Ouliana Smith mentions in the report,
  • Infosys Finacle has the widest solution breadth with the broadest platform capability and achieved one of the highest scores for core platform capability by providing a wide range of capabilities out-of-the-box that would suit complex deployments.
  • Finacle is a clear leader in product support and has been an early enabler of open banking, largely due to the regulatory requirements of its largest customers, and its clients have already leveraged the solution’s capabilities to develop new business models for API-led distribution of banking products and payments.
  • As an established vendor dedicated to continuous improvement and innovation, it is well-placed to maintain its leadership position in the future.
  • Finacle has a cloud-native, cloud-agnostic, componentized, layered, and open APIs-led microservices architecture.
  • Finacle offers a real-time processing engine and Finacle API Connect (a full-stack API offering), supporting newer business models such as BaaS, marketplace banking, and embedded finance.
  • Finacle Solutions have a zero-trust-based architecture offering cloud infrastructure security, advanced data security, cybersecurity, and specialized SaaS modules for data privacy and security.
  • The solution caters to banks of all sizes, whether incumbents or challengers, across retail and private banking, including Islamic banking, business and corporate banking, and microfinance.

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Finacle offers an advanced technology platform

Power your present and future ambitions
  • Flexibly pace your modernization with componentized design
  • Drive cloud adoption across segments for speed to innovation and cost efficiencies
  • Power 24*7 real- time banking transactions, on own and third party channels of origination

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Learn more about the Finacle Core Banking Solution

Finacle offers an advanced technology platform

Cloud-native

Cloud-native

Massive Scalability

Massive Scalability

Open API

Open API

Ubiquitous Automation

Ubiquitous Automation

Componentized Design

Componentized Design

DevOps

DevOps

Data & Analytics

Data & Analytics

Robust Security

Robust Security

Multi-Capabilities

Multi-Capabilities

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