“EdgeVerve excels with engagement infrastructure on a well-designed architecture… In addition to a host of rich functional, technology, and architecture enhancements, the solution’s well-defined roadmap also features many differentiators, such as hyperscalable APIs and machine learning and deep learning for security purposes… The solution comes with strong API management, offers broad and rich retail, business, and corporate banking services, and excels with its top-tier engagement infrastructure… EdgeVerve is a good fit for banks with a preference for custom-built apps seeking an advanced solution that can be melted into their existing infrastructure.”
Jost Hoppermann, VP and Principal Analyst, Forrester
*Source: The Forrester Wave™: Digital Banking Engagement Hubs, Q3 2021
“Infosys’ Finacle offers a strong product that differentiates itself through its modern architecture, embedded capabilities, and breadth of functionality beyond traditional cash management products and services. The platform is cloud-native, componentized, layered, and open API-led. It also has a decoupled UI for greater flexibility, offering banks the opportunity to use their own UI if they choose.”
Christine Barry, Head of Banking & Payments Insights & Advisory, Aite-Novarica Group
*Source: Aite Matrix: Leading U.S. Cash Management Vendors, 2021
“EdgeVerve’s corporate DBPP differentiates with state-of-the-art architecture. The vendor’s cloud strategy goes beyond cloud-based delivery models and also considers banking application ecosystems and platform-as-a-service plans, for example. Further strong points of the DBPP are its active ecosystem of system integrators and its support of APIs… EdgeVerve is a good option for corporate banks that want to mix and match select Finacle capabilities within a digital transformation project and those seeking a technologically advanced and comprehensive DBPP that has strong technology strategy and shows a strong focus on the cloud.”
Jost Hoppermann, VP and Principal Analyst, Forrester
*Source: The Forrester Wave™: Digital Banking Processing Platform, Corporate Banking, Q3 2020
“Finacle is among the most componentized core banking products considered in this Magic Quadrant. It has 36 independent market components, with new components in the Finacle Digital Engagement Hub and more than 1,200 business services that provide increased agility in an increasing number of cloud-native components.”
*Source: Gartner, Inc., “Magic Quadrant for Global Retail Core Banking” Vittorio D’Orazio, Don Free, 5 August 2020.
“Finacle brings a fairly modern architecture which has been built to be componentize and microservices based, decoupling the user interaction from the underlying functionality and data. This is the direction of the market, but based on Celent’s evaluation, Finacle is ahead of most of the pack.”
Bob Meara & Stephen Greer – Senior Research Analysts, Celent
*Source: Celent ABCD – Modern Digital Banking Channels Platforms, 2020 (Global & North America Edition)
“EdgeVerve stands out with rich banking capabilities and architecture. The DBEP has differentiating off-the-shelf capabilities to support retail, business, and corporate banking. EdgeVerve is a strong fit for both large banks that want to mix and match select Finacle capabilities within a larger digital transformation project and smaller ones seeking a technologically advanced DBEP without any significant gaps.”
Jost Hoppermann, VP and Principal Analyst, Forrester
*Source: The Forrester Wave™: Digital Banking Engagement Platforms, Q3 2019
“Finacle Payments offers a wide range of flexible implementation options for banks of any size. The platform works with fintech and nontraditional financial services providers by offering a solution for their unique needs.”
Aaron Press – Research Director, Worldwide Payments Strategies, IDC
*Source: IDC MarketScape: Worldwide Integrated Payment Platforms 2019-2020 Vendor Assessment
