Finacle Core Banking Solution
Finacle offers a cloud-native, comprehensive yet componentized core banking solution offering. The solution offers banks a comprehensive set of capabilities, including flexible product factories, extensive parameterization, product bundling, and reusable business components, to help accelerate innovation-led growth. The solution supports various business segments, such as Retail, Wealth, Islamic, Business, and Corporate banking. It also offers a real-time processing engine, open APIs, and embedded customer insights.
Finacle's componentized and parameterization driven architecture enables to deliver its solutions to various financial institutions of all sizes and segments, such as Retail Banks, SMB and Corporate Banks, Universal Banks, Islamic Banks, Direct Banks, Inclusion banking providers / Micro-Finance Institutions, Non-banking financial service providers, Small Finance Banks, Payments Bank, Community Banks, Private Banking, and FinTechs/ Challenger banks.
The solution's key features include:
a. Advanced architecture – Finacle has a cloud-native, cloud-agnostic, componentized, layered, and open APIs-led architecture to enable continuous innovation with internal and external ecosystems.
b. Componentized and comprehensive solution - Finacle is a highly componentized solution. The componentization enables faster assembly of business applications, also empowers to package solutions in smaller bundles. Banks can choose to deploy and upgrade Finacle solutions selectively and in a progressive manner. The componentized and parameterization driven architecture enables us to deliver the solution to various financial institution segments
c. Flexibility and openness of the platform - Finacle offers extensive capabilities to banks to drive continuous innovation.
d. Proven scalability - Finacle has proven availability and performance in both simulated and live client environments. The solution’s largest live core banking implementation powers over 700 million accounts.
Following are the key benefits of using Finacle Core Banking Solution:
• Reduction in transaction costs through automation, process optimizations, and seamless integration across multiple channels
• Lesser cost to income ratio
• Improvement in ability to offer personalized products leveraging flexible product factories
• Improvement in Net Promoter Score (NPS) driven by superior customer engagement
• Improved ability to offer personalized products across customer segments leveraging flexible product factories