Mifos X vs Skaleet Core Banking Platform
Mifos X
mifos.orgSkaleet Core Banking Platform
skaleet.comSide by side
| Figure | Mifos X | Skaleet Core Banking Platform |
|---|---|---|
| Price from | Free | — |
| Free plan | Yes | — |
| Free trial | Yes | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | — | Yes |
| Android | Yes | Yes |
| API | Yes | Yes |
| Self-hosted | Yes | Yes |
| Plans published | 2 | 1 |
| Spec score · Core Banking Software | 7.9 (#6) | 7.8 (#7) |
| Spec score · Banking Systems | 7.8 (#6) | 7.8 (#7) |
| Deployment | Mifos X can be deployed in the cloud or on premises, and the maker describes use on or offline and on mobile or PC. | Skaleet describes the platform as primarily cloud-based SaaS, with on-premise delivery possible under specific conditions. |
| Founded | 2011 | 2015 |
| Headquarters | United States | Boulogne-Billancourt, France |
| Integrations | The platform exposes APIs and webhooks for integrations, and its SMS bridge includes an out-of-the-box connection with Twilio. | Skaleet says customers can use pre-integrated card processors or connect their own through a dedicated API. |
| Support | Certified local partners can assist with implementation, hosting, and support, while community mailing lists and Slack offer trial setup and configuration troubleshooting. | The site invites visitors to contact Skaleet and book a demo; it does not state support response times or service levels on the pages reviewed. |
Plans
Skaleet Core Banking Platform
- Custom Skaleet Core Banking PlatformPriced on request
In their own words
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.
Skaleet Core Banking Platform
Skaleet Core Banking Platform is a configurable core banking offering for banks, neobanks, payment service providers, and Banking-as-a-Service providers. Its modules cover accounts and cards, payments, loans and savings, customer records, process automation, and connectors. The platform supports multiple account types, multi-currency balances, and transaction recording; account products have more than 50 configuration options and pre-integrated KYC solutions. Listed payment methods include credit transfers, direct debits, checks, and debit cards. Customers can use pre-integrated card processors or connect their own through an API. Skaleet describes its architecture as modular, API-centric, and event-driven, with real-time transaction triggers. The offering includes white-label mobile and web fronts, while clients may build their own applications. Pricing is on request, with modules and features tailored to customer needs. Skaleet describes a private-cloud option using EU-based data centers and states that it is ISO 27001 certified, with 99.99% uptime since launch. Its advertised implementation window is four to six months, depending on scope and migration.