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EdgeVerve Finacle vs Mambu 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
Average Rating
9.0
Number of Reviews
1
Ranking in other categories
Digital Banking Engagement Platforms (5th)
Mambu
Ranking in Core Banking Software
1st
Average Rating
8.0
Number of Reviews
8
Ranking in other categories
No ranking in other categories
 

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 Mambu is 13.9%, down from 19.6% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Core Banking Software Market Share Distribution
ProductMarket Share (%)
Mambu13.9%
EdgeVerve Finacle5.4%
Other80.7%
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.
Dr. Mohan Kumar - PeerSpot reviewer
Vice President & Delivery Head BFSI at a tech vendor with 10,001+ employees
Has supported rapid deployment of digital banking while revealing a need for more innovation features
Mambu can be improved if it can keep up with current market trends and introduce innovative products, such as Buy Now, Pay Later features, which are not available out of the box at this moment. Mambu has a good API available that can easily connect to third-party integrations. However, if they can integrate themselves and come up with front-end solutions, such as Backbase or i-exceed, along with AWS, Azure, and other cloud partners, it will help us to be more adaptive and scalable, covering a broader market. Mambu needs to focus more on customer orientation. If they can provide self-guided learning materials for people to learn how to configure and use Mambu, it will be a great help.
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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
19%
Computer Software Company
15%
Comms Service Provider
9%
University
7%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
By reviewers
Company SizeCount
Small Business2
Midsize Enterprise3
Large Enterprise5
 

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 Mambu?
If your budget is low and you want a product that offers easy configuration and integration, then you can definitely go for Mambu.
What is your primary use case for Mambu?
Mambu is a core banking platform that we use in most of the banks. We implement this core banking solution for clients who want it to be their core banking platform.
What advice do you have for others considering Mambu?
Overall, my experience is good. I would rate Mambu a six to seven. I chose that number because compared to other core banking solutions in the market, Mambu lags a bit behind, but it is just the be...
 

Also Known As

Finacle
No data available
 

Overview

 

Sample Customers

Bank Rakyat Indonesia, African Export Import Bank, Union Bank, Standard Bank, Federal Bank
ZestMoney, Asto, Ferratum, Folkefinans, Monedo, Mynt, N26, New10, OakNorth Bank