Finastra vs Neo-Banking Solution comparison

Finastra and ITIO Innovex Pvt. Ltd. are both solutions in the Digital Banking Engagement Platforms category. Finastra is ranked #3 with an average rating of 8.0, while ITIO Innovex Pvt. Ltd. is ranked #18. Additionally, 100% of Finastra users are willing to recommend the solution.

Finastra

Read 1 Finastra review

949 Views
228 Comparison Views

100% willing to recommend

Neo-Banking Solution

30 Views
30 Comparison Views

Finastra

Neo-Banking Solution

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

Finastra

Ranking in Digital Banking Engagement Platforms

3rd

Average Rating

8.0

Number of Reviews

Ranking in other categories

Core Banking Software (5th), Loan Management Software (1st)

Neo-Banking Solution

Ranking in Digital Banking Engagement Platforms

18th

Average Rating

0.0

Number of Reviews

Ranking in other categories

No ranking in other categories

Featured Reviews

Vidhyambika Hareendran

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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881,082 professionals have used our research since 2012.

Top Industries

By visitors reading reviews

Financial Services Firm

26%

Real Estate/Law Firm

Outsourcing Company

Healthcare Company

No data available

Company Size

By reviewers

Large Enterprise

Midsize Enterprise

Small Business

No data available

Questions from the Community

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.

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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.

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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...

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Comparisons

FIS Commercial Lending Suite vs Finastra

Compared 30% of the time

Temenos Transact vs Finastra

Compared 23% of the time

Temenos Infinity vs Finastra

Compared 12% of the time

Oracle FLEXCUBE vs Finastra

Compared 8% of the time

Sopra Banking Platform vs Finastra

Compared 3% of the time

More Finastra Competitors

No data available

Overview

At Finastra our purpose is to unlock the power of finance for everyone. We build and deliver innovative, next-generation technology on our open Fusion software architecture and cloud ecosystem.

Finastra

Neo-Banking Solution revolutionizes financial transactions with a focus on efficiency, security, and accessibility, catering to tech-savvy users seeking streamlined online banking experiences.

Neo-Banking Solution offers cutting-edge financial technology that redefines banking by eliminating traditional banking inefficiencies. It enhances user experience with digital-only access, providing seamless transactions, instant account setup, and real-time updates. Designed for a connected audience, it ensures superior control over financial activities through advanced digital tools.

What are the notable features of Neo-Banking Solution?

Instant Account Setup: Quick registration process without the need for physical branches.
Real-time Notifications: Immediate alerts for every transaction to maintain awareness of account activity.
Advanced Security: Features like biometric authentication to secure personal data.
Integrated Budgeting Tools: Offers financial planning through expense tracking and analysis.
24/7 Customer Support: Continuous assistance via in-app services and chat options.

What benefits and ROI should users review?

Cost Efficiency: Reduced banking fees compared to traditional services.
Time Savings: Faster transaction processes without visiting a bank.
Enhanced Accessibility: Bank from anywhere with internet access.
Security Confidence: Advanced protection features keep data safe.
Financial Insight: Better budget management through integrated tools.

Neo-Banking Solution adapts seamlessly within diverse industries such as retail and e-commerce by ensuring secure and fast transactions, integrated payment systems, and enhanced customer experiences. It supports businesses in scaling by providing tailored financial services to meet dynamic market demands.

ITIO Innovex Pvt. Ltd.

Sample Customers

IFIC Bank, Ecobank, Natixis, Silvergate Bank, Commencement Bank, Itau BBA, Commonwealth Bank of Australia

Information Not Available

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