Finacle Reviews & Product Details


What is Finacle?

Finacle from Infosys helps banks transform by providing solutions and services that enable a shift in their strategic and operational priorities.

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Finacle Profile Details

Finacle Profile Details

Vendor
Infosys Technologies
Company Website
Year Founded
1981
Total Revenue (USD mm)
117
HQ Location
Bangalore, India
Ownership
INFY
LinkedIn® Page
www.linkedin.com
Employees on LinkedIn®
228
Twitter
@Infosys
Twitter Followers
354,791
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Finacle Reviews

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1-7 of 7 total Finacle reviews

Finacle Reviews

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1-7 of 7 total Finacle reviews
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Enterprise
(1001-5000 employees)
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"Finacle is a mistake that is wrapped in a Java 7 applet-based IE-dependent web application"

What do you like best?

Finacle helps in slightly modernizing workflows that were originally developed within a mainframe context.

Slightly.

In particular, Finacle's idea of upgrading from the mainframe paradigm is similar to the undertakings done by various free/libre/open source and proprietary software to create an HTML-based UI for existing green screens.

One malus that Finacle has, compared to its competition, is its ability to somehow take away the one advantage a green screen (and a possibly HTML 5-ized view thereof) has: speed through simplicity.

What do you dislike?

Finacle is dependent on Java 7, with no support for later versions.

Please note that Java 8 is the last long-term-support Java version to support applets.

Please note that, if the applets that drive Finacle have been developed within standards, then said applets should have worked in Java 8.

You know, the version that has security updates?

Incidentally, Finacle only works in Internet Explorer, which is admittedly the last, and at this point, the only browser that supports Java applets.

This bad combination of technologies could have been easily justified if the resulting functionality it has introduced to Finacle is at least on par with its hoity-toity HTML 5-driven brethren.

(It's not.)

In particular, the main reason why applets are even used by the process seems to just be the following:

* To allow for securing the application, which, in retrospect is counterfactual, since an HTML 5 site delivered via HTTPS with proper auditing in its Javascript would provide better security, user-friendliness and ease of development.

(Applets are not safe, hence the removal of their support from every browser whose acronym cannot be pronounced as a scream for help. IE. Aieee.)

* To allow for pop-ups to appear when additional login information is required, even though IE supports pop-ups.

* To allow for querying information as you type them in a field, which is supported by every browser. In particular, the underlying technology behind it (XMLHTTPRequest) existed in IE _first_.

Recommendations to others considering the product:

Please don't use Finacle.

What problems are you solving with the product? What benefits have you realized?

Finacle has been a significant source of problems in our workplace, due to the aforementioned problems with its performance, stability, and all-around user hostility.

That being said, since we were automating Finacle in the first place, most of the problems are at this point experience not by the poor, poor employees of the organization, but are in fact experienced by the the poor, poor robot (yes, singular) tasked by everyone else to handle Finacle in all of its finicky glory.

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Economist
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"Finacle offers powerful benefits to global banks. "

What do you like best?

I like it because it makes it possible in less time to launch new products and services, which helps banks to obtain a substantial return on transformation investments and a reasonable improvement in their time to market.

What do you dislike?

I consider technical support to be regular.

Recommendations to others considering the product:

I recommend it, because from my point of view, Finacle's component approach helps any financial institution to modernize its operations gradually in less time, while minimizing risk.

What problems are you solving with the product? What benefits have you realized?

When I worked with this system at the Bank of Venezuela, it helped me manage the account holder's information, transactions, documents and other supports related to his credit history.

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UI
Enterprise
(10,001+ employees)
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Business partner of the vendor or vendor's competitor, not included in G2 scores.

"Finacle Core Banking Solution is useful for banks of any size"

What do you like best?

* Reduction in Time to market for most of the implementations

* Customer Service Time is reduced considerably

* Transaction cost is less

* Average number of transactions processed daily is increased

* Transaction processing time is reduced considerably

* Integration with Document Management, Business Process Management and ERP solutions is feasible.

What do you dislike?

* Product language is proprietary and may need considerable time to gain expertise for implementation

Recommendations to others considering the product:

One stop solution for all Core Banking needs. Highly recommend the product.

What problems are you solving with the product? What benefits have you realized?

* Finacle is the preferred Core Banking Solution for almost all major banks in Asia, Africa and the Middle East.

* 14% of worlds CBS transactions are processed by Finacle which makes it one of the most used CBS in Consumer Banking in particular.

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Associate Business Analyst
Computer Software
Mid-Market
(501-1000 employees)
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"The best Banking software! "

What do you like best?

-Easy to use

-Can access basic customers information easily.

-Faster than other software.

-No paperwork.

-Security is very strong

-Data security is pretty good.

-Basic Layout.

-Menus are friendly

-Credit risk is pretty great in banking sector

What do you dislike?

Hi-Price is pretty high.

-At times it lags.

-Tech Support not good

-Lot of customization is required

What problems are you solving with the product? What benefits have you realized?

When I was in banking sector this software has really helped me a lot as it has reduced the paperwork to zero. It offers an awesome data security.

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Credit Manager
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"Finacle by Infosys Software Review"

What do you like best?

- Finacle is very useful when it comes to viewing account details

- One can see and operate the software easily.

-Covers all banking functions.

What do you dislike?

The software is lengthy and contains a lot of features which can easily confuse you.

Recommendations to others considering the product:

Yeah, i would recommend it to other banking industries. But i would also ask them to compare Finacle with its competitor

What problems are you solving with the product? What benefits have you realized?

We installed finacle to help in managing banking functions in Family Bank ltd.

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Auditor mgk consulting
Investment Management
Mid-Market
(201-500 employees)
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"The best system to use as a core banking system"

What do you like best?

It's brings about competition among in mate which means more outputs since its simple to use and very efficient. I used it when I was an intern in a banks and it was fantastic.

What do you dislike?

The biggest problem is that there is no bank atms management.

What problems are you solving with the product? What benefits have you realized?

Poor bank performance. It has helped increase banks performances. Because of high output.

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Enterprise
(1001-5000 employees)
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"Extended Features"

What do you like best?

There is a good API platform to connect other third party applications. Finacle integrator is a bridge that can enable to connect other applications very easily.

What do you dislike?

CRM module is very difficult to handle as it is a separate module comparing core module

What problems are you solving with the product? What benefits have you realized?

Fixed Deposits / CASA account opening /Customer information handling

Uses Finacle and support finacle when i was at nations trust bank

Finacle User Ratings

5.0
Ease of Use
Average: 8.4*
7.8
Quality of Support
Average: 8.4*
6.7
Ease of Setup
Average: 7.6*
* Banking Category
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Finacle Categories on G2