Core Banking Systems Reviews and Ratings

What are Core Banking Systems?

Gartner defines a core banking system (CBS) as the financial institution’s back‐office software that performs real-time or end-of-day processing for deposits and loans. Apart from advancing the processing dates, representative capabilities include transaction posting, interest accrual/payment, service charge calculation and cash management (zero balance, target balance). CBSs provide deposit and loan product servicing with interfaces to other applications, such as customer-facing channels, general ledger systems and reporting tools. CBSs can be deployed on the bank’s premises or run from the cloud or any hosted environment. Bank employees and customers either directly or indirectly use the bank’s CBS.

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Temenos aims to create a universal banking platform that provides opportunities for all. Banking is the main focus and the company develops solutions for various entities including large and small banks, non-banking financial institutions, and fintech companies. The ultimate goal is to become the preferred banking platform for all.

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EdgeVerve Systems, a wholly-owned product subsidiary of Infosys, offers digital banking solutions, AI, and automation, assisting clients to thrive in their digital transformation journey. The company has two key business units - Finacle and Edge Suite of solutions.

Finacle offers a front-to-back digital banking solution suite. Finacle solutions address the core banking, lending, digital engagement, payments, cash management, wealth management, treasury, analytics, AI, and blockchain requirements of emerging and established financial institutions. Our cloud-native solution suite and SaaS services help banks engage, innovate, operate, and transform better to scale digital transformation with confidence.

With Edge Suite of solutions, our mission is to create a world where our technology augments human intelligence and creates possibilities for enterprises to thrive. Our comprehensive product portfolio across AI, Automation, and Supply Chain helps businesses accelerate growth.

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Oracle is a cloud technology company that offers computing infrastructure and software solutions globally. This organization has developed an autonomous database, the first of its kind, to help manage and secure data. Oracle Cloud Infrastructure presents functionalities to facilitate the transition of workloads from on-site systems to the cloud, and vice versa, as well as between different clouds. Oracle's cloud software applications provide modern tools designed to support sustainable growth and resilience in businesses. Tools developed by Oracle are used by a wide range of users including nonprofit organizations and businesses of various sizes, to aid in operations like supply chain streamlining, human resource management, financial planning and connecting data and global users. Apart from business solutions, Oracle's technology also aids in tasks ranging from government defense to scientific and medical research.

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TCS, part of the Tata group, focuses on shaping the future through innovation, technology and the utilization of collective knowledge. It is a multinational organization based in India, with consultants placed in various countries around the world, with notable skills and expertise. They work diligently to provide technology solutions that resolve critical business challenges. TCS is also noted for proactive stances on critical global issues, resulting in recognition in various sustainability indices. It operates within business principles aligned towards achieving sustainable growth.

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Mambu is a company that pioneered the concept of composable banking. For over ten years, it has made strides in this field. Mambu's key service is its unique SaaS cloud core banking platform which utilizes a sustainable composable approach. This allows for independent engines, systems, and connectors to be assembled in various configurations to cater to different business requirements and adapt to the constantly evolving needs of their customers. Their platform is widely used by banks, lenders, fintechs, and retailers across 65 countries, enabling them to efficiently and securely create modern digital financial products.

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Fiserv, Inc. is a provider of technology solutions on a global scale, focusing principally on the needs of financial institutions, businesses, and individuals in the realm of money transfer. The key focus of its operations is to create efficient pathways for the fluid transfer of money and related information, with the ambition of positively influencing worldwide transactions.

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Intellect Design Arena Ltd. has a cloud-native, API-led microservices-based multi-product platform for Global leaders in Banking, Insurance, and Capital Markets. It offers a full spectrum of banking and insurance technology products through its four lines of businesses – Intellect Global Consumer Banking (iGCB), Intellect Global Transaction Banking (iGTB), Intellect AI, and Digital Technology for Commerce.

Intellect serves over 300 customers through offices in 57 countries and with a diverse workforce of solution architects, and domain and technology experts in major global financial hubs around the world.

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FIS is an enterprise deeply involved in the commerce and financial transactions that fuel the global economy. With a keen focus on supporting businesses and communities flourish, FIS continuously innovates in how the world manages payments, banking, and investments. FIS provides services to over 20,000 clients and operates at more than a million merchant locations spanning over 130 countries.

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BML Istisharat SAL, instituted in Beirut, Lebanon in 1972, is a global financial software vendor. With an operational presence in Lebanon, UAE, France, Iraq, and Malta, the company serves the financial community in more than 35 countries, which include regions like United States, Europe, Africa, Middle East, Russia, and South East Asia. Since 2018, BML Istisharat SAL operates under the ownership of Mawarid Group, a UAE-based finance company. The main focus of the firm lies in crafting solutions to cater to financial-related issues.

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SAP was founded in 1972 and is headquartered in Walldorf, Germany. The company employs over 105,000 people globally and develops software solutions for enterprise resource planning (ERP) and related business functions. SAP’s early products, SAP R/2 and SAP R/3, were widely adopted for managing core business processes. Its current ERP platform, SAP S/4HANA, uses in-memory computing to support data-intensive operations and integrates capabilities such as artificial intelligence and machine learning.

SAP offers a portfolio of software applications that support various business functions across industries. These applications are designed to operate on a unified digital platform. As of 2025, SAP reports over 230 million cloud users and provides more than 100 solutions. The company’s offerings are used by organizations to manage finance, human resources, procurement, supply chain, and other operational areas.

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Avaloq is a provider of front-to-back software and services for over 170 financial institutions around the world. Our clients include private banks, wealth managers and investment managers, as well as retail and neobanks. We develop software that can be deployed flexibly through cloud-based software as a service (SaaS) or on-premises, and we offer banking operations outsourcing through our business process as a service (BPaaS) model. Avaloq is a subsidiary of NEC Corporation.

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Jack Henry is a financial technology firm that strengthens the connection between individuals and their financial institutions through technology and services which decrease the obstacles to financial health. The company's focus is on aiding community and regional banks and credit unions in achieving their short-term and long-term objectives, advocating for positive change, and co-creating innovative solutions. For over 45 years, Jack Henry has put financial institutions at the core of its modernization efforts, aiding them in fostering innovation, differentiating strategically, and competing successfully. The company's ability to drive innovation is rooted in its commitment to act in the best interest of people.

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Fiserv, Inc. is a provider of technology solutions on a global scale, focusing principally on the needs of financial institutions, businesses, and individuals in the realm of money transfer. The key focus of its operations is to create efficient pathways for the fluid transfer of money and related information, with the ambition of positively influencing worldwide transactions.

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Thought Machine was founded in 2014 to solve the problems plaguing the banking industry: limited agility and scalability combined with high maintenance costs caused by product silos, monolithic architectures and batch operations of legacy technology systems.

Built from the ground up using open-source, cloud-native technology, the Vault platform can be used to transform banks' foundational platforms. Thought Machine offers banks and fintechs scalable innovation, a configurable platform and fully customisable products with full control of their roadmap. A microservices architecture delivers increased resilience, horizontal scaling and more efficient product development. The system operates in real-time, with easily accessible data through industry-standard APIs.

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Intellect Design Arena Ltd. has a cloud-native, API-led microservices-based multi-product platform for Global leaders in Banking, Insurance, and Capital Markets. It offers a full spectrum of banking and insurance technology products through its four lines of businesses – Intellect Global Consumer Banking (iGCB), Intellect Global Transaction Banking (iGTB), Intellect AI, and Digital Technology for Commerce.

Intellect serves over 300 customers through offices in 57 countries and with a diverse workforce of solution architects, and domain and technology experts in major global financial hubs around the world.

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Finastra is a company focused on fostering financial inclusion. Open collaboration, open finance, and usage of an open platform characterise the company’s operations. It caters to the needs of the global financial services market with innovative solutions. The Fusion software architecture and cloud ecosystem offer cutting-edge technology. The company’s approach combines various beneficial actions to maintain relevancy in its operations. Finastra's emphasis on diversity and inclusivity characterises its cultural ethos. It consistently aims to engage its workforce in interesting and complex tasks, promoting a culture of ownership and opportunities for making a noteworthy impact.

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Oracle is a cloud technology company that offers computing infrastructure and software solutions globally. This organization has developed an autonomous database, the first of its kind, to help manage and secure data. Oracle Cloud Infrastructure presents functionalities to facilitate the transition of workloads from on-site systems to the cloud, and vice versa, as well as between different clouds. Oracle's cloud software applications provide modern tools designed to support sustainable growth and resilience in businesses. Tools developed by Oracle are used by a wide range of users including nonprofit organizations and businesses of various sizes, to aid in operations like supply chain streamlining, human resource management, financial planning and connecting data and global users. Apart from business solutions, Oracle's technology also aids in tasks ranging from government defense to scientific and medical research.

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Asseco PST is a technology entity that concentrates on producing banking software. Having been incorporated into the Asseco Group since 2015, the organization boasts over thirty years of experience in crafting solutions for over 70 financial institutions. The firm has a presence in eight geographical locations including Portugal, Angola and Mozambique. With a team exceeding 500 employees, the organization's primary focus is on developing solutions for the financial sector that facilitate processes in a bank, ranging from retail to corporate banking, financial markets and payments. Alongside the core platform, Asseco PST offers an array of supplementary solutions in areas such as Risk and Compliance, Digital Channels, Management Information and CRM, Payment and Consumer Credit Systems, Capital Market, Custom Developments, among others. The organization supports service provision in four areas: IT Infrastructure & Security, Consulting, Development, and Training. The firm has recently acquired a majority stake in Finantech, a national company specializing in capital market solutions, and CPI Angola, which centers its business on the development of accounting and reporting software for the financial sector.

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Finastra is a company focused on fostering financial inclusion. Open collaboration, open finance, and usage of an open platform characterise the company’s operations. It caters to the needs of the global financial services market with innovative solutions. The Fusion software architecture and cloud ecosystem offer cutting-edge technology. The company’s approach combines various beneficial actions to maintain relevancy in its operations. Finastra's emphasis on diversity and inclusivity characterises its cultural ethos. It consistently aims to engage its workforce in interesting and complex tasks, promoting a culture of ownership and opportunities for making a noteworthy impact.

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FIS is an enterprise deeply involved in the commerce and financial transactions that fuel the global economy. With a keen focus on supporting businesses and communities flourish, FIS continuously innovates in how the world manages payments, banking, and investments. FIS provides services to over 20,000 clients and operates at more than a million merchant locations spanning over 130 countries.

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Features of Core Banking Systems

Updated June 2025

Optional Features:

  • Integration to other technologies such as customer-facing channels, general ledger systems and reporting tools

  • Loan product servicing: 1. Consumer (or retail) loans 2. Commercial (or corporate) loans 3. Mortgages (or asset-backed loans)

  • Deposits: 1. Current or checking accounts 2. Savings accounts 3. Fixed-term deposits

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