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Finacle Reviews & Product Details

Verified User in Information Technology and Services
UI
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Seller invite
What do you like best about Finacle?

Finacle helps in slightly modernizing workflows that were originally developed within a mainframe context.

Slightly.

In particular, Finacle's idea of upgrading from the mainframe paradigm is similar to the undertakings done by various free/libre/open source and proprietary software to create an HTML-based UI for existing green screens.

One malus that Finacle has, compared to its competition, is its ability to somehow take away the one advantage a green screen (and a possibly HTML 5-ized view thereof) has: speed through simplicity. Review collected by and hosted on G2.com.

What do you dislike about Finacle?

Finacle is dependent on Java 7, with no support for later versions.

Please note that Java 8 is the last long-term-support Java version to support applets.

Please note that, if the applets that drive Finacle have been developed within standards, then said applets should have worked in Java 8.

You know, the version that has security updates?

Incidentally, Finacle only works in Internet Explorer, which is admittedly the last, and at this point, the only browser that supports Java applets.

This bad combination of technologies could have been easily justified if the resulting functionality it has introduced to Finacle is at least on par with its hoity-toity HTML 5-driven brethren.

(It's not.)

In particular, the main reason why applets are even used by the process seems to just be the following:

* To allow for securing the application, which, in retrospect is counterfactual, since an HTML 5 site delivered via HTTPS with proper auditing in its Javascript would provide better security, user-friendliness and ease of development.

(Applets are not safe, hence the removal of their support from every browser whose acronym cannot be pronounced as a scream for help. IE. Aieee.)

* To allow for pop-ups to appear when additional login information is required, even though IE supports pop-ups.

* To allow for querying information as you type them in a field, which is supported by every browser. In particular, the underlying technology behind it (XMLHTTPRequest) existed in IE _first_. Review collected by and hosted on G2.com.

Recommendations to others considering Finacle:

Please don't use Finacle. Review collected by and hosted on G2.com.

What problems is Finacle solving and how is that benefiting you?

Finacle has been a significant source of problems in our workplace, due to the aforementioned problems with its performance, stability, and all-around user hostility.

That being said, since we were automating Finacle in the first place, most of the problems are at this point experience not by the poor, poor employees of the organization, but are in fact experienced by the the poor, poor robot (yes, singular) tasked by everyone else to handle Finacle in all of its finicky glory. Review collected by and hosted on G2.com.

Finacle Overview

What is Finacle?

Finacle from Infosys helps banks transform by providing solutions and services that enable a shift in their strategic and operational priorities.

Finacle Details
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Product Description

Finacle from Infosys helps banks transform by providing solutions and services that enable a shift in their strategic and operational priorities.


Seller Details
Seller
Infosys
Year Founded
1981
HQ Location
Bangalore, Karnataka
Twitter
@Infosys
525,375 Twitter followers
LinkedIn® Page
www.linkedin.com
323,986 employees on LinkedIn®
Ownership
NSE
Description

Infosys is a global leader in next-generation digital services and consulting. We enable clients in more than 50 countries to navigate their digital transformation. With over three decades of experience in managing the systems and workings of global enterprises, we expertly steer our clients through their digital journey. We do it by enabling the enterprise with an AI-powered core that helps prioritize the execution of change. We also empower the business with agile digital at scale to deliver unprecedented levels of performance and customer delight. Our always-on learning agenda drives their continuous improvement through building and transferring digital skills, expertise, and ideas from our innovation ecosystem.

Recent Finacle Reviews

Sachin S.
SS
Sachin S.Enterprise (> 1000 emp.)
5.0 out of 5
"Excellent"
Easy to use and make work so easy so this is good
Olowodun T.
OT
Olowodun T.Enterprise (> 1000 emp.)
4.5 out of 5
"A very vast and multi dimension product"
It performs a lot of functions as regarding the banking payment system.
Verified User
U
Verified UserMid-Market (51-1000 emp.)
4.0 out of 5
"CONVENIENT AND USER FRIENDLY"
Easy to use and can print and generate report easily
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1 person requested security information

Finacle Media

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Video Reviews

34 out of 35 Total Reviews for Finacle

4.1 out of 5
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34 out of 35 Total Reviews for Finacle
4.1 out of 5
34 out of 35 Total Reviews for Finacle
4.1 out of 5
G2 reviews are authentic and verified.
Olowodun T.
OT
Team Lead, Non-Financial Transactions
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Finacle?

It performs a lot of functions as regarding the banking payment system. Review collected by and hosted on G2.com.

What do you dislike about Finacle?

It is rigid and very expensive, it requires frequent update. Review collected by and hosted on G2.com.

What problems is Finacle solving and how is that benefiting you?

Ease of carrying out various Financial Transactions on a daily basis. Review collected by and hosted on G2.com.

Verified User in Banking
UB
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
(Original )Information
What do you like best about Finacle?

Easy to use and can print and generate report easily Review collected by and hosted on G2.com.

What do you dislike about Finacle?

Getting support and need to memorize keyword Review collected by and hosted on G2.com.

What problems is Finacle solving and how is that benefiting you?

Easy to use, reportorial convinence Review collected by and hosted on G2.com.

Sachin S.
SS
Assistant Manager
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: Organic
(Original )Information
What do you like best about Finacle?

Easy to use and make work so easy so this is good Review collected by and hosted on G2.com.

What do you dislike about Finacle?

Sometimes he is very slow because of server Review collected by and hosted on G2.com.

What problems is Finacle solving and how is that benefiting you?

Sometimes they have bug's like hang and slow performing Review collected by and hosted on G2.com.

Verified User in Banking
CB
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Finacle?

The E2E coverage as a core banking system, and the ability to add enterprise modules to the core system Review collected by and hosted on G2.com.

What do you dislike about Finacle?

There are limitations in terms of collateral management, there is no workflow in the solution and this has to be solved to be considered a full fledge 360 degree solution Review collected by and hosted on G2.com.

What problems is Finacle solving and how is that benefiting you?

A legacy core banking system that needs to be updated on the bank's side Review collected by and hosted on G2.com.

Keshav S.
KS
Solutions Manager
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Finacle?

Easy and fast interface, the User interface is very friendly for bankers which helps you a lot, it helps you with Cloud-based banking, easily trackable reports of my clients, and it is helping me analyze the banking behaviour of clients. Review collected by and hosted on G2.com.

What do you dislike about Finacle?

Some commands are difficult to understand for beginners, and when you want to customisation it can be challenging, Finacle Software Developer should be improved the customisation features because I'm not happy with them. Review collected by and hosted on G2.com.

What problems is Finacle solving and how is that benefiting you?

I had a great experience with Finacle, my banking organisation is dependent on it, and it helps to increase our performance, a great product, and I would recommend it to other bankers. Review collected by and hosted on G2.com.

Mahendra Singh P.
MP
Asstt manager
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Finacle?

The finacle suite is a complete and versatile package which has all the functionalities to serve customers and sell them suitable products while maintaining relationship with them Review collected by and hosted on G2.com.

What do you dislike about Finacle?

This package uses more bandwidth and need good connectivity with core server, also there are some unnecessary security barriers which make working more time consuming. This can be improved Review collected by and hosted on G2.com.

What problems is Finacle solving and how is that benefiting you?

Finacle 10 is having perfect functions and support multiple commands and thus having advantage over finacle 6 and other banking solutions. Thus it benefits us to serve and satisfy the customer and organisational needs. Review collected by and hosted on G2.com.

Khushboo P.
KP
Bank Teller
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Finacle?

It is very fast software and operation are smooth. It is secure software. It takes less time to do transactions. Online banking is convenient to use. It is fast as compare to the competitor in the market. Review collected by and hosted on G2.com.

What do you dislike about Finacle?

It produces technical glitches in the server otherwise it is very good. It can be enhanced by updating its tool. It could be better with customer experience and their feedback. Review collected by and hosted on G2.com.

What problems is Finacle solving and how is that benefiting you?

It is solving a large number of transactions seamlessly. It enhances my productivity. I am more comfortable to used to it. It has increased our business and made new customer daily. Review collected by and hosted on G2.com.

Verified User in Banking
UB
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Finacle?

It has capacity to test new banking apps by third parties and provide customized solutions to day today banking needs such as online input of credit analysis unlike manual submission. Review collected by and hosted on G2.com.

What do you dislike about Finacle?

It is less known in my country and Temenos 24 is much popular. It can have direct access with credit information bearue to extract borrower's history. Review collected by and hosted on G2.com.

What problems is Finacle solving and how is that benefiting you?

It is taking less time in reboot and shut down. It has capacity to merge with new applications and encourage bankers to test new business models of trade and wealth management such as it makes investment easy through Bank application. Review collected by and hosted on G2.com.

Anmol Nagpal C.
AC
Probationary officer
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Finacle?

Helps in making banking very easy and online data helps bankers to easily access all Review collected by and hosted on G2.com.

What do you dislike about Finacle?

Sometimes it laga and stucks on screen and then it needed to be sac from others Review collected by and hosted on G2.com.

What problems is Finacle solving and how is that benefiting you?

Helping in customer management and making payments easy Review collected by and hosted on G2.com.

Ramkumar R.
RR
Founder Director and CEO
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Finacle?

Easy to use for the branch staff. Screens are custom built and quite friendly, menus are easy to view and navigate Review collected by and hosted on G2.com.

What do you dislike about Finacle?

Slightly rigid parameters, unlike other peer core banking platforms. Review collected by and hosted on G2.com.

What problems is Finacle solving and how is that benefiting you?

Handles volumes of transactions ver well. Platform team supports efficiently, Training on software both users and tech end well provided by the company Review collected by and hosted on G2.com.