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EdgeVerve Finacle vs Finastra comparison

Review summaries and opinions

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Categories and Ranking

EdgeVerve Finacle
Ranking in Core Banking Software
6th
Ranking in Digital Banking Engagement Platforms
5th
Average Rating
9.0
Number of Reviews
1
Ranking in other categories
No ranking in other categories
Finastra
Ranking in Core Banking Software
5th
Ranking in Digital Banking Engagement Platforms
3rd
Average Rating
8.0
Number of Reviews
1
Ranking in other categories
Loan Management Software (1st)
 

Mindshare comparison

As of January 2026, in the Core Banking Software category, the mindshare of EdgeVerve Finacle is 5.4%, down from 8.1% compared to the previous year. The mindshare of Finastra is 4.8%, up from 3.8% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Core Banking Software Market Share Distribution
ProductMarket Share (%)
Finastra4.8%
EdgeVerve Finacle5.4%
Other89.8%
Core Banking Software
 

Featured Reviews

Manojkumar Reddy - PeerSpot reviewer
Associate Technology Consultant at a tech vendor with 10,001+ employees
Core banking operations have become more efficient and support teams deliver faster services
EdgeVerve Finacle offers easy navigation across different modules as well as a user-friendly process. The user-friendly aspect of EdgeVerve Finacle is the UI based on the module which the client or user wants to access, allowing them to simply type the menu name in the searcher and navigate to the particular menu or anywhere they want. EdgeVerve Finacle includes a vast number of options, such as loans, deposit, CASA, payments, and it also includes retail, corporate, and Islamic banking. EdgeVerve Finacle has impacted my organization positively in many ways, including revenue and technology aspects. EdgeVerve Finacle has contributed major revenue to the organization. Technology-wise, we have been using blockchain technology and artificial intelligence, which will be integrated into the core banking solution, and in terms of security, we have taken measures in making the product secure.
Vidhyambika Hareendran - PeerSpot reviewer
Senior Test Engineer in Payments and Trade Domain at a tech vendor with 10,001+ employees
Have worked on long-term trade finance projects and efficiently validated transaction reports
When we face any issues, we raise a ticket to Finastra, and then we track it, depending on the issues, using a separate tracking portal on a daily or weekly basis based on severity and priority. For the support team, I would give them a score of eight out of ten.
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Top Industries

By visitors reading reviews
Financial Services Firm
21%
Computer Software Company
20%
University
6%
Energy/Utilities Company
6%
Financial Services Firm
26%
Real Estate/Law Firm
7%
Outsourcing Company
7%
Healthcare Company
7%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
No data available
 

Questions from the Community

What is your experience regarding pricing and costs for EdgeVerve Finacle?
I did not purchase EdgeVerve Finacle through the AWS Marketplace.
What needs improvement with EdgeVerve Finacle?
EdgeVerve Finacle can be improved by making more use of technology, artificial intelligence, machine learning, as well as blockchain technology.
What is your primary use case for EdgeVerve Finacle?
EdgeVerve Finacle is primarily used by all banks, major banks, minor banks, or NBFCs for their banking operations. We are one of the service providers to the clients for EdgeVerve Finacle, where we...
What is your experience regarding pricing and costs for Finastra?
I'm working for a client using Finastra, so I'm not exactly aware of the license cost as that is handled by a different team.
What needs improvement with Finastra?
In terms of support quality and speed, they support us well, but in recent releases, we found some unusual bugs generated, which we have raised, especially regarding alignment issues.
What is your primary use case for Finastra?
We mainly use Finastra for trade and finance, initiating LCs and documentary collections, and we validate postings and report validations. I'm part of the testing team and not involved in the deplo...
 

Also Known As

Finacle
No data available
 

Overview

 

Sample Customers

Bank Rakyat Indonesia, African Export Import Bank, Union Bank, Standard Bank, Federal Bank
IFIC Bank, Ecobank, Natixis, Silvergate Bank, Commencement Bank, Itau BBA, Commonwealth Bank of Australia