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10x Banking Platform vs Finastra Essence

10x Banking Platform

10xbanking.com

Finastra Essence

finastra.com

Side by side

Figure10x Banking PlatformFinastra Essence
Price from——
Free plan——
Free trial——
Open source——
WebYesYes
APIYesYes
Self-hosted—Yes
Plans published11
Spec score · Core Banking Software8.2 (#2)7.4 (#12)
Spec score · Banking Systems8.2 (#3)7.4 (#9)
Founded20162017
HeadquartersLondon, United KingdomLondon, United Kingdom

Plans

10x Banking Platform

  • 10x Banking PlatformPriced on request

10x Banking Platform pricing →

Finastra Essence

  • Finastra EssencePriced on request

Finastra Essence pricing →

In their own words

10x Banking Platform

10x Banking Platform has no write-up on Specifiction yet; its figures are above.

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Finastra Essence

Finastra Essence is a paid core banking solution built on microservices and open APIs, with real-time processing for deposits, lending and payments. It covers accounts, limits, fees, servicing and multicurrency processing across retail, SME, commercial and Shariah-compliant banking. Finastra positions it for digital challengers, fintechs, established banks and building societies. A no-code product composer and configurable business rules help banks create and adapt products. Its dynamic dashboard provides a 360-degree customer view, performance metrics and data insights. Open APIs and event-driven architecture support links with ecosystems and partners; listed complementary applications include VeriPark Digital Channels, Salt Edge Open Banking Compliance, 01 Systems SigCap and Sumsub. Finastra describes Essence as cloud-first and identifies a SaaS deployment on Microsoft Azure. The system is designed for continuous 24/7 operations, scalability and resilience. It is available through API, self-hosted and web options.

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