back Back

5 Core banking platforms disrupting the banking ecosystem in India

By Gloria Mathias

February 05, 2024

  • and Agency Banking.
  • Back-end Systems
  • Banking Solutions

Fintech news, Core banking Platforms, Finacus Solutions, Pure Software Technology, Infosys Financle, C-Edge Technology, Banking Solutions, Banking Technology, India, Fintech Listicle, Fintech news, India, List of companies, Core banking refers to the central or core system that processes and manages a bank’s most fundamental and essential functions, such as deposit processing, lending operations, credit processing, account management, transaction processing, etc. It serves as the backbone of a bank’s operations, ensuring the seamless execution of key financial transactions.

In India, core banking platforms have played a pivotal role in revolutionising the banking landscape. These platforms leverage the latest technologies, employing cloud-based systems and open API architectures. This modernization facilitates seamless integration with diverse internal and external services, enhancing the overall operational efficiency of banks. This transformative shift marks a significant stride towards a more interconnected and technologically advanced banking ecosystem in the country.

Listed below are 5 core banking systems transforming the banking sector:

C-Edge is a joint venture between Tata Consultancy Services Ltd. (TCS) and the State Bank of India (SBI) to provide capability to Indian financial services and emerging markets. C-Edge has invented Comprehensive Core Banking Services on an outsourced Application Service Provider (ASP) model to enable banks to integrate all branches and have a single view of the bank for effective management and control. It combines IT services, networking, and core banking application infrastructure in a bundle, which helps to run your bank efficiently and cost-effectively.

Finacus Solutions’ core banking solution, FinCORE, is designed to redefine banking ecosystems and offer efficiency, security, and customer satisfaction. FinCORE supports various banking operations while being highly scalable and capable of managing large transaction volumes. Finacus Solutions’ core banking solution helps banks expand their reach, improve their functioning, reduce operational costs, and provide a single interface to control banking activities.

Infosys Finacle Core Banking is a universal banking solution that helps financial institutions with core banking, lending, digital engagement, payments, cash management, wealth management, treasury, analytics, AI, and blockchain requirements. Finacle Core Banking is offered by EdgeVerve Systems, a subsidiary of Infosys.

PureSoftware’s Arttha is a cloud-based, unified banking platform that offers core banking services for virtual banks. Arttha is an omni-channel, cloud-ready platform based on a completely modular and microservices architecture. It has been uniquely offering value propositions such as core banking for virtual banks, digital wallet and payment solutions, loan lifecycle management, merchant management, and agency banking.

TRUSTBANKCBS is a comprehensive, integrated, yet modular core banking solution that caters to all the needs of a modern banking and financial institution. TRUSTBANKCBS has helped BFSI organisations reduce costs and, in turn, improve the bottom line and stakeholder rewards. TrustBankCBS Core Banking Software’ offers the experience of serving BFSI for 20+ years, a footprint in 25+ countries, a strong global network of sales and service partners, an agile approach with flexibility in localization and customisation, licence purchase, as well as software as a service model, and 24 x 7 banking services with minimal capex and opex costs.

ALSO READ: NextGen Core Banking: The Future of Banking Q4 2023

Previous Article

February 05, 2024

Phoebus upgrades SaaS mortgage servicing technology

Read More
Next Article

February 05, 2024

Santander names Petri Nikkilä as global CEO of Openbank

Read More

IBSi Daily News Analysis

bahrain, islamic finance

February 22, 2024

and Agency Banking.

What makes Bahraini Islamic Finance industry so robust

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


Security Bank joins Avaloq to digitise its wealth management business

Read More


Axway to buy most of Sopra Banking Software activities for €330m

Read More

February 22, 2024

Kani Payments taps Pismo for data reconciliation and reporting

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023