10x Banking Platform vs Mifos X
10x Banking Platform
10xbanking.comMifos X
mifos.orgSide by side
| Figure | 10x Banking Platform | Mifos X |
|---|---|---|
| Price from | — | Free |
| Free plan | — | Yes |
| Free trial | — | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| Android | — | Yes |
| API | Yes | Yes |
| Self-hosted | — | Yes |
| Plans published | 1 | 2 |
| Spec score · Core Banking Software | 8.2 (#2) | 7.9 (#6) |
| Spec score · Banking Systems | 8.2 (#3) | 7.8 (#6) |
| Founded | 2016 | 2011 |
| Headquarters | London, United Kingdom | United States |
| Integrations | The platform connects to over 25 partners across areas including payments, identity and KYC, fraud, cloud, data streaming, open banking APIs and pricing. | The platform exposes APIs and webhooks for integrations, and its SMS bridge includes an out-of-the-box connection with Twilio. |
| Licensing | 10x says it does not operate as a bank or hold a banking license itself. | The maker states that Mifos X is released under the Mozilla Public License 2.0 and Apache Fineract under Apache 2.0. |
| Who it serves | The company identifies banks, building societies, mutuals, specialty lenders and non-bank brands embedding financial services as users of the platform. | The platform is described for financial institutions including banks, credit unions, SACCOs, cooperatives, microfinance institutions, savings groups, peer-to-peer lenders, and asset financers. |
Plans
In their own words
10x Banking Platform
10x Banking Platform has no write-up on Specifiction yet; its figures are above.
Mifos X
Mifos X is a core banking platform built on Apache Fineract for financial institutions delivering financial services. It manages client information and loan and savings portfolios, with support for credit, savings, mobile payments and transfers, and insurance. Loan products can be configured for repayment schedules, interest methods, payment application, grace periods, and arrears. Integrated accounting, financial control, and social and financial reporting are included. The platform can run in the cloud or on premises, and is described for mobile or PC use, online or offline. APIs and webhooks support integrations, and the SMS bridge includes a Twilio connection. Security controls include searchable audit trails, role-based permissions, maker-checker controls, OAuth2, HTTPS, and two-factor authentication. The open-source platform has no license costs and is released under the Mozilla Public License 2.0; Apache Fineract is under Apache 2.0. A cloud sandbox trial is free for up to three months, with active use and feedback required.