Finastra vs Thought Machine comparison

Finastra and Thought Machine are both solutions in the Core Banking Software category. Finastra is ranked #7, while Thought Machine is ranked #2. Finastra holds a 4.4% mindshare in BS, compared to Thought Machine’s 15.8% mindshare. Additionally, 100% of Finastra users are willing to recommend the solution.

Finastra

Read 1 Finastra review

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551 Comparison Views

100% willing to recommend

Thought Machine

1,899 Views
1,899 Comparison Views

Finastra

Thought Machine

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

Finastra

Ranking in Core Banking Software

7th

Average Rating

8.0

Number of Reviews

Ranking in other categories

Loan Management Software (2nd), Digital Banking Engagement Platforms (6th)

Thought Machine

Ranking in Core Banking Software

2nd

Average Rating

0.0

Number of Reviews

Ranking in other categories

No ranking in other categories

Mindshare comparison

As of October 2025, in the Core Banking Software category, the mindshare of Finastra is 4.4%, up from 3.5% compared to the previous year. The mindshare of Thought Machine is 15.8%, down from 23.6% compared to the previous year. It is calculated based on PeerSpot user engagement data.

Core Banking Software Market Share Distribution
Product	Market Share (%)
Thought Machine	15.8%
Finastra	4.4%
Other	79.8%

Core Banking Software

Featured Reviews

Vidhyambika Hareendran

Senior Test Engineer in Payments and Trade Domain at Wipro Limited

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.

Read full review

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Top Industries

By visitors reading reviews

Financial Services Firm

27%

Healthcare Company

Real Estate/Law Firm

Retailer

Financial Services Firm

25%

Computer Software Company

17%

Comms Service Provider

Insurance Company

Company Size

By reviewers

Large Enterprise

Midsize Enterprise

Small Business

No data available

Comparisons

FIS Commercial Lending Suite vs Finastra

Compared 46% of the time

Temenos Transact vs Finastra

Compared 13% of the time

Oracle FLEXCUBE vs Finastra

Compared 13% of the time

Mambu vs Finastra

Compared 8% of the time

Avaloq Core vs Finastra

Compared 7% of the time

More Finastra Competitors

Mambu vs Thought Machine

Compared 76% of the time

Temenos Transact vs Thought Machine

Compared 9% of the time

Oracle FLEXCUBE vs Thought Machine

Compared 6% of the time

Avaloq Core vs Thought Machine

Compared 4% of the time

More Thought Machine Competitors

Overview

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

Thought Machine is a Fintech company that builds cloud-native technology to revolutionize core banking.

Thought Machine

Sample Customers

IFIC Bank, Ecobank, Natixis, Silvergate Bank, Commencement Bank, Itau BBA, Commonwealth Bank of Australia

LLOYDS BANK, Atom, SEB, Standard Chartered

See our list of best Core Banking Software vendors.

We monitor all Core Banking Software reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. We validate each review for authenticity via cross-reference with LinkedIn, and personal follow-up with the reviewer when necessary.