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Product/Service Description

Finacle is the industry-leading universal banking solution from EdgeVerve Systems. The solution helps financial institutions develop deeper connections with stakeholders, power continuous innovation and accelerate growth in the digital world.Over the past 25 years, the solution has been helping financial institutions develop deeper connections with stakeholders, power continuous innovation and accelerate growth in the digital world. Today, Finacle is the choice of banks across 94 countries and serves over 848 million customers – estimated to be nearly 16.5 percent of the world’s adult banked population.Finacle solutions address the core banking, e-banking, mobile banking, CRM, payments, treasury, origination, liquidity management, Islamic banking, wealth management, and analytics needs of financial institutions worldwide. Assessment of the top 1000 world banks reveals that banks powered by Finacle enjoy 50 percent higher returns on assets, 30 percent higher returns on capital, and 8.1 percent points lesser costs to income than others.

Customer Overview

Total Number of customers 431 live core banking customers globally
Customer Size Large Enterprise, Medium
Customer Type Commercial Banks, Corporates, IT Integrators
Target Market Africa, Asia, Australia/New Zealand, Europe, Global, North America, South America
Specific geographical coverage undisclosed
N/A
Demo & Case Study Urls N/A

Features

  • A comprehensive, integrated yet modular agile business solution
  • Addresses all the core needs of the bank, in easy-to-configure modules
  • Multi entity capabilities to support multiple legal entities, across various geographies, currencies and time zones on a single instance of application
  • Easy to configure modules and components

Benefits

  • Comprehensive coverage so that you can enter into new business segments confidently
  • Proven technology, which is consistently rated as best-in-class by leading industry analysts
  • Enterprise-class components to create operational hubs across business units to enhance the agility and efficiency of the operations as well as improve customer experience across channels
  • Built-in global best practices repository and rich repository of processes
  • Product factory and product bundling infrastructure for business users to accelerate new product creation
  • 360-degree view of customers across global relationships
  • Powerful customer analytics driving right-sell opportunities and personalized offerings
  • Cloud-ready platform to enhance infrastructure costs
  • Reduced time to compliance with real-time view across enterprise data
  • Ready-made integration adaptors and compliance to industry standards reduce your integration costs and enable enhanced STP (straight-through processing)
4/5

Platform & Workflow

Server OS AIX (IBM), HP-UX (Hewiett-Packard), Linux (Red Hat, Mandrake, Debian, SuSe, etc.), Solaris (Sun Microsystems), UNIX NetWare (Novell)
Workstation OS Windows, Unix, Linux
Programming Language and API JEE, C/C++
SetUp and Installation Options Installation through Finacle Deployment Manager
Deployment Period undisclosed
Reporting Capabilities Yes, reporting capabilities is inbuilt through JASPER infrastucture
Security Options Finacle provides Single Sign On module uding JAAS. Multi Factor authenciation/ external authentication can be integrated through third party. The solution provides a comprehensive security module for user and role profile administration.
The product/service compliant with the following regulatory standards undisclosed
4/5

Connectivity, Hosting and Integration

Hosting Option undisclosed
Hosting provider undisclosed
Devices Supported Android, iPhone-iPad
Compatibility with Database Management System (DBMS) RDBMS - Oracle and an alternate database
Third party integration undisclosed
4/5

Support Services

Support Option Online Support, Phone Support, Video Tutorials, Knowledge Base

Branches

Support Location 1
Country United Kingdom
Address    14th Floor, 10 Upper Bank Street, Canary Wharf
Phone London E14 5NP
Email contact@edgeverve.com
Website www.edgeverve.com

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