What is Finacle 10? What is it used for?

Finacle 10 is a next-generation core banking solution developed by Infosys. It’s designed to help banks modernize their operations, launch digital products faster, and scale securely across regions. In simple terms, Finacle 10 is the backbone that runs day-to-day banking everything from opening accounts and processing transactions to managing loans, payments, and customer data.

Unlike older, monolithic banking systems, Finacle 10 is built on a modular and open architecture. That means banks can adopt it in phases, customize features, and integrate it with third-party fintech tools, APIs, and digital channels without breaking existing systems. It supports both on-premise and cloud deployments, making it suitable for traditional banks as well as digital-first and neo-banks.

Today, Finacle 10 is used by banks in over 100 countries, serving millions of customers across retail, corporate, and treasury banking.

Key Features of Finacle 10

Finacle 10 stands out because it blends core banking stability with modern digital capabilities. Here are its most important features:

1. Modular Microservices Architecture

Finacle 10 is built using microservices, allowing banks to deploy, upgrade, or scale individual modules independently. This reduces downtime and speeds up innovation.

2. Omnichannel Banking Support

The platform ensures a consistent customer experience across mobile apps, web banking, ATMs, branches, and call centers all powered by a single core system.

3. Open APIs & Fintech Integration

Finacle 10 offers robust API frameworks that make it easy to integrate with fintech apps, payment gateways, CRM systems, and third-party analytics tools.

4. Advanced Security & Compliance

Security is baked into the system with features like role-based access, encryption, audit trails, and built-in compliance support for global banking regulations.

5. Real-Time Processing

Transactions are processed in real time, which improves accuracy, reduces reconciliation delays, and enhances customer trust.

6. High Scalability & Performance

Whether a bank serves thousands or millions of customers, Finacle 10 scales horizontally to handle peak transaction volumes without performance drops.

7. Analytics & Reporting

Built-in analytics provide insights into customer behavior, product performance, and operational efficiency, helping banks make data-driven decisions.

Related: 450 Finacle 10 Commands for Banks

What Is Finacle 10 Used For?

Finacle 10 is used as the core operational engine of banks. Its applications cover almost every major banking function:

1. Retail Banking

Banks use Finacle 10 to manage savings accounts, current accounts, fixed deposits, loans, cards, and digital wallets all from a single platform.

2. Corporate & SME Banking

It supports trade finance, cash management, corporate lending, and multi-currency transactions, making it ideal for business banking.

3. Digital & Mobile Banking

Finacle 10 powers mobile banking apps, internet banking portals, and self-service platforms, enabling features like instant payments, account management, and real-time alerts.

4. Payments & Transfers

The system handles domestic and international payments, including NEFT, RTGS, SWIFT, and real-time payment networks, with high reliability.

5. Treasury & Risk Management

Banks use it for liquidity management, asset-liability management, and regulatory reporting, ensuring financial stability and compliance.

Why Banks Choose Finacle 10

Banks adopt Finacle 10 because it future-proofs their technology stack. It reduces time-to-market for new products, lowers operational costs, improves customer experience, and supports digital transformation without compromising security or compliance.

In short, Finacle 10 is not just a core banking system it’s a full-scale banking platform that helps financial institutions stay competitive in a fast-moving digital world.