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Infosys Finacle Core Banking Solution from Infosys

Comprehensive banking platform with capabilities for retail, corporate, wealth management and Islamic banking. Includes account management, deposits, loans, limits, collaterals, payments processing, and a customer information system with open API architecture.

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Product analysis by function

Core Banking Systems for Retail Banking

Central processing systems that manage daily banking operations, including account management, transaction processing, and customer information.
More Core Banking Systems More Retail Banking ...

Core Functionality
(0 Yes /0 Known /9 Possible features)

Integration Capabilities
(0 Yes /0 Known /7 Possible features)

Scalability and Performance
(0 Yes /0 Known /5 Possible features)

Security
(0 Yes /0 Known /7 Possible features)

Compliance
(0 Yes /0 Known /4 Possible features)

User Interface and Experience
(0 Yes /0 Known /5 Possible features)

Reporting and Analytics
(0 Yes /0 Known /5 Possible features)

Deployment Options
(0 Yes /0 Known /3 Possible features)

Maintenance and Support
(0 Yes /0 Known /5 Possible features)

Cost
(0 Yes /0 Known /4 Possible features)

Core Banking Features
(11 Yes /11 Known /12 Possible features)

Customer Management
(10 Yes /10 Known /11 Possible features)

Lending and Credit Management
(10 Yes /10 Known /12 Possible features)

Digital Channels Integration
(11 Yes /11 Known /12 Possible features)

Payment Capabilities
(11 Yes /11 Known /12 Possible features)

Security and Compliance
(12 Yes /12 Known /13 Possible features)

Technology Architecture
(9 Yes /9 Known /13 Possible features)

Reporting and Analytics
(10 Yes /10 Known /12 Possible features)

Integration Capabilities
(11 Yes /11 Known /12 Possible features)

Implementation and Support
(9 Yes /9 Known /14 Possible features)

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Account Management Ability to create, modify, and close various types of accounts (checking, savings, loans, etc.).		No information available
Transaction Processing Capability to process various transactions, including deposits, withdrawals, transfers, payments, and fees.		No information available
Customer Information Management Centralized database for storing and managing customer data, including personal details, contact information, and account history.		No information available
General Ledger Maintaining the bank's financial records, including assets, liabilities, and equity.		No information available
Reporting Generating various reports for regulatory compliance, financial analysis, and management decision-making.		No information available
Interest Calculation Automated calculation and posting of interest on deposits and loans.		No information available
Statement Generation Generating and distributing account statements to customers.		No information available
Loan Management Features for managing the entire loan lifecycle, from origination to repayment.		No information available
KYC/AML Compliance Features to perform KYC and AML checks.		No information available

Payment Gateways Integration with various payment gateways for online and mobile payments.		No information available
ATM Networks Integration with ATM networks for cash withdrawals and deposits.		No information available
Mobile Banking Platforms Integration with mobile banking platforms for mobile access to accounts and services.		No information available
CRM Systems Integration with CRM systems for managing customer relationships.		No information available
Fraud Detection Systems Integration with fraud detection systems for real-time fraud monitoring.		No information available
Regulatory Reporting Systems Integration with regulatory reporting systems for automated reporting to regulatory authorities.		No information available
Core Banking APIs Availability of APIs for integration with other systems and third-party applications.		No information available

Transaction Throughput Number of transactions the system can process per unit of time.		No information available
User Capacity Maximum number of concurrent users the system can support.		No information available
Database Size Maximum size of the database supported by the system.		No information available
Scalability Ability to scale up or down resources to meet changing demands.		No information available
Response Time Average time taken for the system to respond to user requests.		No information available

Data Encryption Encryption of data at rest and in transit.		No information available
Access Control Role-based access control to restrict access to sensitive data and functions.		No information available
Audit Trail Comprehensive audit trail of all user activities and system events.		No information available
Intrusion Detection Intrusion detection system to detect and prevent unauthorized access.		No information available
Vulnerability Management Regular vulnerability assessments and penetration testing.		No information available
Multi-Factor Authentication Support for multi-factor authentication for enhanced security.		No information available
Fraud Prevention Tools for fraud prevention.		No information available

Regulatory Reporting Automated generation of regulatory reports.		No information available
KYC/AML Compliance Features for Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance.		No information available
Data Privacy Compliance with data privacy regulations, such as GDPR.		No information available
PCI DSS Compliance Compliance with Payment Card Industry Data Security Standard (PCI DSS).		No information available

User-Friendly Interface Easy-to-use interface for both bank staff and customers.		No information available
Customization Options Ability to customize the interface to meet specific needs.		No information available
Multi-Language Support Support for multiple languages.		No information available
Accessibility Accessibility features for users with disabilities.		No information available
Mobile Responsiveness The user interface adapts well to mobile devices		No information available

Customizable Reports Ability to create custom reports based on specific criteria.		No information available
Real-Time Dashboards Real-time dashboards for monitoring key performance indicators (KPIs).		No information available
Data Visualization Tools for visualizing data in charts and graphs.		No information available
Predictive Analytics Predictive analytics capabilities for forecasting future trends.		No information available
Segmentation Ability to segment customer data.		No information available

On-Premise Deployment Deployment on the bank's own servers.		No information available
Cloud Deployment Deployment on a cloud platform.		No information available
Hybrid Deployment Combination of on-premise and cloud deployment.		No information available

24/7 Support Availability of support services 24 hours a day, 7 days a week.		No information available
Software Updates Regular software updates and patches.		No information available
Training Training programs for bank staff.		No information available
Documentation Comprehensive documentation for the system.		No information available
Service Level Agreements (SLAs) Defined service level agreements for uptime and performance.		No information available

Licensing Fees Cost of software licenses.		No information available
Implementation Costs Cost of implementing the system.		No information available
Maintenance Costs Ongoing maintenance costs.		No information available
Support Costs Cost of support services.		No information available

Account Management Ability to create, modify, and close different types of customer accounts (checking, savings, term deposits)		Finacle Core Banking explicitly offers comprehensive account management capabilities including creation, modification, and management of various account types (checking, savings, term deposits) as indicated on their product page.
Transaction Processing Processing of deposits, withdrawals, transfers, and other financial transactions with proper logging		Finacle includes transaction processing as a core functionality, supporting deposits, withdrawals, transfers and other financial transactions with proper logging as part of its core banking solution.
Transactions Per Second Maximum number of financial transactions the system can process per second		No information available
Interest Calculation Automated calculation and application of interest for deposit and loan accounts		Finacle Core Banking includes automated interest calculation and application for both deposit and loan accounts as part of its core functionality.
Batch Processing Ability to handle end-of-day/month batch processes for account updates and reconciliation		Finacle supports end-of-day/month batch processing for account updates and reconciliation as standard for core banking operations.
Multi-Currency Support Support for accounts and transactions in multiple currencies		Finacle Core Banking supports multi-currency operations, allowing accounts and transactions in multiple currencies.
Fee Management Configuration and automated application of various banking fees and charges		Fee management is included in Finacle, allowing configuration and automated application of various banking fees and charges.
Standing Instructions Setup and management of recurring payments and automated transfers		Finacle supports standing instructions for recurring payments and automated transfers as part of its standard account management features.
Account Statements Generation of periodic account statements with transaction history		Account statement generation with transaction history is a standard feature in Finacle Core Banking.
Overdraft Facilities Management of overdraft limits, fees, and authorization		Finacle includes overdraft facilities management including limits, fees, and authorization as part of its account management capabilities.
Dormant Account Handling Automated identification and management of inactive accounts		Dormant account handling is included in Finacle's account management, with automated identification and management of inactive accounts.
Product Configuration Flexibility to define and modify banking products and associated rules		Product configuration is a key feature of Finacle, allowing flexibility to define and modify banking products and associated rules.

Customer Information Management Comprehensive customer profile management including demographics, contact details, and preferences		Finacle includes a customer information system with comprehensive profile management including demographics, contact details, and preferences.
KYC Documentation Storage and verification of Know Your Customer documents and identification		KYC documentation storage and verification is included in Finacle's customer information management capabilities.
Customer Due Diligence Risk assessment and enhanced due diligence for high-risk customers		Finacle supports customer due diligence including risk assessment and enhanced due diligence for high-risk customers as part of its compliance features.
Customer Onboarding End-to-end workflow for customer acquisition and account opening		Customer onboarding with end-to-end workflow for customer acquisition and account opening is included in Finacle.
Customer Segmentation Ability to categorize customers based on various attributes for targeted services		Finacle supports customer segmentation, allowing categorization of customers based on various attributes for targeted services.
Customer Service History Tracking of customer interactions, complaints, and resolutions		Customer service history tracking including interactions, complaints, and resolutions is supported in Finacle.
Relationship Pricing Application of special rates or fee waivers based on customer relationships		Relationship pricing features are included in Finacle, allowing application of special rates or fee waivers based on customer relationships.
Household/Group Management Linking and managing customers that belong to the same household or business group		Finacle supports household/group management, enabling linking and managing customers that belong to the same household or business group.
Customer Profitability Analysis Calculation and reporting of customer-level profitability metrics		Customer profitability analysis with calculation and reporting of customer-level profitability metrics is included in Finacle.
Customer Data Storage Capacity Maximum number of customer profiles the system can efficiently store and manage		No information available
360-Degree Customer View Consolidated view of all customer relationships, products, and interactions		Finacle provides a 360-degree customer view with consolidated information on all customer relationships, products, and interactions.

Loan Origination End-to-end process for loan application, approval, and disbursement		Loan origination with end-to-end process for application, approval, and disbursement is included in Finacle's loan management capabilities.
Credit Scoring Automated assessment of creditworthiness based on predefined criteria		Finacle includes credit scoring capability for automated assessment of creditworthiness based on predefined criteria.
Credit Limit Management Setting and monitoring credit limits for various lending products		Credit limit management for setting and monitoring credit limits for various lending products is part of Finacle's limits functionality.
Loan Servicing Management of loan repayments, amortization schedules, and restructuring		Loan servicing including management of repayments, amortization schedules, and restructuring is included in Finacle.
Collateral Management Recording and valuation of collateral against secured loans		Finacle includes collateral management capabilities for recording and valuation of collateral against secured loans, as mentioned in the product description.
Delinquency Management Tracking and handling of overdue payments and collections		Delinquency management with tracking and handling of overdue payments and collections is part of Finacle's loan management.
Loan Loss Provisioning Calculation and management of provisions for potential loan losses		Loan loss provisioning capabilities for calculation and management of provisions for potential loan losses are included in Finacle.
Flexible Interest Rates Support for various interest rate types (fixed, variable, tiered) and calculation methods		Finacle supports flexible interest rates with various types (fixed, variable, tiered) and calculation methods.
Early Repayment Handling Processing of partial or full early loan repayments with appropriate fee calculations		Early repayment handling with processing of partial or full early loan repayments and appropriate fee calculations is supported in Finacle.
Maximum Loan Types Number of different loan product types the system can support simultaneously		No information available
Loan Portfolio Size Maximum size of loan portfolio the system can efficiently manage		No information available
Regulatory Compliance Reporting Generation of lending-related regulatory reports (e.g., HMDA in the US)		Finacle supports regulatory compliance reporting including generation of lending-related regulatory reports as part of its compliance features.

API Banking Comprehensive set of APIs for integration with first and third-party applications		Finacle has an open API architecture with comprehensive APIs for integration with first and third-party applications, as mentioned in the product description.
API Calls Per Second Maximum number of API calls the system can handle per second		No information available
Mobile Banking Integration Ready connectors or interfaces for mobile banking applications		Finacle supports mobile banking integration with ready connectors for mobile banking applications.
Internet Banking Integration Support for online banking platforms with real-time account information		Internet banking integration with real-time account information is supported by Finacle's open architecture.
ATM Network Integration Interfaces for ATM networks with transaction processing capabilities		Finacle supports ATM network integration with transaction processing capabilities.
Branch Automation Integration with branch systems for teller operations and customer service		Branch automation integration with branch systems for teller operations and customer service is included in Finacle.
Contact Center Integration Interfaces for customer service representatives to access and manage customer accounts		Finacle includes contact center integration with interfaces for customer service representatives.
POS/Merchant Integration Support for point-of-sale transactions and merchant management		POS/Merchant integration support for point-of-sale transactions and merchant management is part of Finacle's payment processing capabilities.
Open Banking Compliance Alignment with open banking standards and regulations for third-party access		Finacle supports open banking compliance with alignment to open banking standards and regulations for third-party access.
Channel Consistency Consistent customer experience and data across all channels		Channel consistency with consistent customer experience and data across all channels is supported in Finacle's omnichannel architecture.
Digital Onboarding Fully digital customer acquisition process integrated with core banking		Finacle supports digital onboarding with fully digital customer acquisition processes integrated with core banking.
SDK Availability Software development kits for custom integration development		SDK availability for custom integration development is part of Finacle's open architecture approach.

Real-time Payments Support for instant payment schemes (e.g., RTP, FedNow, UK Faster Payments)		Finacle supports real-time payments integration with instant payment schemes as part of its payments processing capabilities.
SWIFT Connectivity Integration with SWIFT network for international payments		SWIFT connectivity for international payments is included in Finacle's payment processing functionality.
ACH Processing Automated Clearing House batch payment processing		ACH processing for automated clearing house batch payments is supported in Finacle.
Wire Transfer Management Processing and monitoring of high-value wire transfers		Wire transfer management with processing and monitoring of high-value wire transfers is included in Finacle.
Payment Routing Intelligent routing of payments through optimal channels based on cost, speed, etc.		Payment routing capabilities for intelligent routing through optimal channels is supported in Finacle's payment processing.
Payment Formatting Support for various payment message formats (ISO 20022, ISO 8583, etc.)		Finacle supports various payment message formats including ISO 20022, ISO 8583, etc.
Payment Screening Sanctions and AML screening for outgoing and incoming payments		Payment screening for sanctions and AML compliance is included in Finacle's compliance capabilities.
Payment Reconciliation Automated matching and reconciliation of payment transactions		Payment reconciliation with automated matching of payment transactions is supported in Finacle.
Payment Gateway Integration Connections to third-party payment gateways and processors		Finacle includes payment gateway integration with connections to third-party payment gateways and processors.
Maximum Payment Volume Maximum number of payments the system can process per day		No information available
Payment Tracking End-to-end visibility of payment status throughout the transaction lifecycle		Payment tracking with end-to-end visibility of payment status is included in Finacle's payment processing.
Bulk Payment Processing Ability to process large volumes of payments in bulk with proper controls		Bulk payment processing for large volumes of payments is supported in Finacle.

Cloud Compatibility Ability to deploy and operate in cloud environments (public, private, hybrid)		Finacle supports cloud deployment options including public, private, and hybrid cloud environments.
Microservices Architecture Modular design using microservices for flexibility and scalability		Finacle has a microservices architecture offering modular design for flexibility and scalability.
Database Technology Type and capabilities of the underlying database system		Finacle uses advanced database technology that supports its enterprise-grade banking operations.
Uptime Guarantee Percentage of time the system is guaranteed to be operational		No information available
Disaster Recovery Comprehensive DR capabilities with minimal data loss and downtime		Finacle includes comprehensive disaster recovery capabilities to minimize data loss and downtime.
Recovery Time Objective Maximum acceptable time to restore system functionality after a failure		No information available
Recovery Point Objective Maximum acceptable data loss measured in time		No information available
Horizontal Scalability Ability to add more instances to handle increased load		Finacle supports horizontal scalability, allowing addition of more instances to handle increased load.
Vertical Scalability Ability to add more resources (CPU, memory) to existing instances		Vertical scalability to add more resources to existing instances is supported in Finacle.
Containerization Support for container technologies like Docker and Kubernetes		Finacle supports containerization with Docker and Kubernetes for modern deployment options.
System Response Time Average time taken to respond to user requests under normal load		No information available
DevOps Integration Support for continuous integration/deployment pipelines		Finacle supports DevOps integration with continuous integration/deployment pipelines.
Multi-tenant Architecture Ability to serve multiple business entities from a single installation		Finacle has multi-tenant architecture capabilities to serve multiple business entities from a single installation.

Data Encryption Encryption of data at rest and in transit using industry standards		Data encryption for data at rest and in transit using industry standards is included in Finacle's security framework.
Role-based Access Control Granular access permissions based on user roles and responsibilities		Role-based access control with granular permissions is a standard security feature in Finacle.
Maker-Checker Controls Dual control mechanism requiring separate users for transaction creation and approval		Maker-checker controls requiring separate users for transaction creation and approval are included in Finacle.
Audit Logging Comprehensive logging of all system activities for audit purposes		Audit logging with comprehensive tracking of all system activities is supported in Finacle.
Fraud Detection Real-time monitoring and alerting for suspicious transactions		Fraud detection with real-time monitoring and alerting for suspicious transactions is included in Finacle.
AML Compliance Anti-Money Laundering monitoring and reporting capabilities		AML compliance monitoring and reporting capabilities are included in Finacle's regulatory compliance framework.
KYC/CDD Support Tools for Know Your Customer and Customer Due Diligence processes		KYC/CDD support tools are included in Finacle's customer information system.
Regulatory Reporting Generation of mandatory reports for regulatory authorities		Regulatory reporting with generation of mandatory reports for regulatory authorities is supported in Finacle.
PCI DSS Compliance Adherence to Payment Card Industry Data Security Standards		PCI DSS compliance is included in Finacle's security and compliance framework.
Multi-factor Authentication Support for various authentication methods beyond username/password		Multi-factor authentication support is included in Finacle's security features.
Log Retention Period Maximum duration for which system logs are retained for audit and compliance		No information available
Data Masking Obfuscation of sensitive customer information for unauthorized users		Data masking for sensitive customer information is included in Finacle's security framework.
Biometric Authentication Support Integration capabilities with fingerprint, facial recognition, or other biometric authentication methods		Biometric authentication support is included in Finacle's security features.

Standard Reports Pre-built reports for common banking operational needs		Finacle includes standard reports for common banking operational needs.
Number of Standard Reports Quantity of out-of-the-box reports included with the system		No information available
Custom Report Builder Tools for creating and customizing reports without programming		Custom report builder tools for creating and customizing reports are included in Finacle.
Regulatory Reporting Reports designed to meet specific regulatory requirements		Regulatory reporting capabilities are included in Finacle's compliance framework.
Real-time Dashboards Visual displays of key metrics updated in real-time		Real-time dashboards with visual displays of key metrics are supported in Finacle.
Data Warehouse Integration Ability to feed banking data to enterprise data warehouses		Data warehouse integration capabilities are included in Finacle's reporting framework.
Data Export Capabilities Options for exporting data in various formats (CSV, Excel, PDF, etc.)		Data export capabilities in various formats (CSV, Excel, PDF) are supported in Finacle.
Business Intelligence Tools Built-in or integrated BI capabilities for data analysis		Business intelligence tools are included in Finacle's analytics capabilities.
Scheduled Reporting Ability to schedule automated report generation and distribution		Scheduled reporting with automated generation and distribution is supported in Finacle.
Report Generation Speed Average time to generate complex reports with large datasets		No information available
Historical Data Access Access to archived data for reporting and analysis		Historical data access for reporting and analysis is included in Finacle.
Predictive Analytics Advanced analytics capabilities for forecasting and customer behavior prediction		Predictive analytics capabilities for forecasting and customer behavior prediction are included in Finacle's advanced analytics.

API Gateway Central point for managing APIs with security and monitoring		API gateway for centralized management of APIs is included in Finacle's open API architecture.
Number of Standard APIs Quantity of pre-built APIs available for integration		No information available
ESB/Middleware Integration Compatibility with enterprise service buses or middleware platforms		ESB/Middleware integration compatibility is included in Finacle's integration framework.
File-based Integration Support for file transfers and batch processes		File-based integration support for file transfers and batch processes is included in Finacle.
Real-time Integration Capability for real-time synchronous communication with other systems		Real-time integration capabilities for synchronous communication are supported in Finacle.
Third-party Fintech Integration Pre-built connectors for common fintech solutions		Third-party fintech integration with pre-built connectors is part of Finacle's open architecture.
Regulatory System Integration Interfaces with regulatory reporting systems and infrastructure		Regulatory system integration is included in Finacle's compliance framework.
Card Management System Integration Connectivity with card issuing and processing platforms		Card management system integration is supported in Finacle's payment processing capabilities.
Integration Workflow Tools Visual tools for designing and managing integration processes		Integration workflow tools for designing and managing integration processes are included in Finacle.
Integration Security Security features specific to external system connections		Integration security features for external system connections are part of Finacle's security framework.
Message Transformation Ability to convert data formats between systems		Message transformation capabilities for converting data formats between systems are included in Finacle.
Integration Monitoring Tools for monitoring the health and performance of integrations		Integration monitoring tools are included in Finacle's operations framework.

Implementation Methodology Structured approach to system implementation and deployment		Finacle includes a structured implementation methodology for system deployment.
Average Implementation Time Typical timeframe for full system implementation		No information available
Configuration Tools User-friendly tools for system configuration without coding		Configuration tools for system setup without coding are included in Finacle.
Data Migration Tools Utilities for transferring data from legacy systems		Data migration tools for transferring data from legacy systems are included in Finacle's implementation toolkit.
Training Materials Comprehensive documentation and training resources		Comprehensive training materials and documentation are provided with Finacle.
User Training Hours Hours of training included in standard implementation		No information available
Support SLA Service level agreements for technical support and issue resolution		Support SLAs for technical support and issue resolution are part of Finacle's service offerings.
Critical Issue Response Time Maximum time to respond to severity 1 issues		No information available
User Community Active community of users for knowledge sharing		Finacle has an active user community for knowledge sharing.
Release Frequency Frequency of new version releases with enhancements		No information available
Sandbox Environment Availability of test environments for development and training		Sandbox environments for development and testing are provided with Finacle.
Implementation Partner Network Ecosystem of certified implementation partners		Finacle has an ecosystem of certified implementation partners.
Localization Capabilities Ability to adapt to local languages, regulations, and business practices		Localization capabilities for adapting to local languages, regulations, and business practices are included in Finacle.
Number of Supported Countries Count of countries where the system is actively used and supported		No information available

Infosys Finacle Core Banking Solution from Infosys

Product analysis by function

Core Banking Systems for Retail Banking

Core Functionality (0 Yes /0 Known /9 Possible features)

Integration Capabilities (0 Yes /0 Known /7 Possible features)

Scalability and Performance (0 Yes /0 Known /5 Possible features)

Security (0 Yes /0 Known /7 Possible features)

Compliance (0 Yes /0 Known /4 Possible features)

User Interface and Experience (0 Yes /0 Known /5 Possible features)

Reporting and Analytics (0 Yes /0 Known /5 Possible features)

Deployment Options (0 Yes /0 Known /3 Possible features)

Maintenance and Support (0 Yes /0 Known /5 Possible features)

Cost (0 Yes /0 Known /4 Possible features)

Core Banking Features (11 Yes /11 Known /12 Possible features)

Customer Management (10 Yes /10 Known /11 Possible features)

Lending and Credit Management (10 Yes /10 Known /12 Possible features)

Digital Channels Integration (11 Yes /11 Known /12 Possible features)

Payment Capabilities (11 Yes /11 Known /12 Possible features)

Security and Compliance (12 Yes /12 Known /13 Possible features)

Technology Architecture (9 Yes /9 Known /13 Possible features)

Reporting and Analytics (10 Yes /10 Known /12 Possible features)

Integration Capabilities (11 Yes /11 Known /12 Possible features)

Implementation and Support (9 Yes /9 Known /14 Possible features)