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Avaloq Core vs Finastra comparison

Avaloq and Finastra are both solutions in the Core Banking Software category. Avaloq is ranked #8, while Finastra is ranked #5 with an average rating of 8.0. Avaloq holds a 5.0% mindshare in BS, compared to Finastra’s 4.6% mindshare. Additionally, 100% of Finastra users are willing to recommend the solution.
Avaloq Core
  • 446 Views
  • 446 Comparison Views
Finastra
Read 1 Finastra review
  • 865 Views
  • 510 Comparison Views
100% willing to recommend

Review summaries and opinions

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Categories and Ranking

Avaloq Core
Ranking in Core Banking Software
8th
Average Rating
0.0
Number of Reviews
0
Ranking in other categories
No ranking in other categories
Finastra
Ranking in Core Banking Software
5th
Average Rating
8.0
Number of Reviews
1
Ranking in other categories
Loan Management Software (1st), Digital Banking Engagement Platforms (4th)
 

Mindshare comparison

As of December 2025, in the Core Banking Software category, the mindshare of Avaloq Core is 5.0%, up from 4.5% compared to the previous year. The mindshare of Finastra is 4.6%, up from 3.7% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Core Banking Software Market Share Distribution
ProductMarket Share (%)
Finastra4.6%
Avaloq Core5.0%
Other90.4%
Core Banking Software
 

Featured Reviews

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Vidhyambika Hareendran - PeerSpot reviewer
Vidhyambika Hareendran
Senior Test Engineer in Payments and Trade Domain at a tech vendor with 10,001+ employees
Have worked on long-term trade finance projects and efficiently validated transaction reports
When we face any issues, we raise a ticket to Finastra, and then we track it, depending on the issues, using a separate tracking portal on a daily or weekly basis based on severity and priority. For the support team, I would give them a score of eight out of ten.
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Top Industries

By visitors reading reviews
Financial Services Firm
36%
Computer Software Company
12%
Comms Service Provider
9%
Construction Company
5%
Financial Services Firm
27%
Real Estate/Law Firm
7%
Healthcare Company
7%
Outsourcing Company
6%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
No data available
 

Questions from the Community

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What is your experience regarding pricing and costs for Finastra?
I'm working for a client using Finastra, so I'm not exactly aware of the license cost as that is handled by a different team.
See all answers
What needs improvement with Finastra?
In terms of support quality and speed, they support us well, but in recent releases, we found some unusual bugs generated, which we have raised, especially regarding alignment issues.
See all answers
What is your primary use case for Finastra?
We mainly use Finastra for trade and finance, initiating LCs and documentary collections, and we validate postings and report validations. I'm part of the testing team and not involved in the deplo...
See all answers
 

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Overview

Our core platform provides a continuum of capabilities from wealth management to retail banking. It also hosts a broad range of functionalities addressing a wealth of banking needs, from payments to complex structured products. That's why it's perfect for financial institutions that serve multiple client segments.

Avaloq

At Finastra our purpose is to unlock the power of finance for everyone. We build and deliver innovative, next-generation technology on our open Fusion software architecture and cloud ecosystem.

Finastra
 

Sample Customers

Information Not Available
IFIC Bank, Ecobank, Natixis, Silvergate Bank, Commencement Bank, Itau BBA, Commonwealth Bank of Australia
See our list of best Core Banking Software vendors.

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