Finastra Digital Banking vs Avaloq

Finastra Digital Banking8.2Visit Avaloq6.8Visit

Higher score Finastra Digital Banking #2 in Digital Banking Platforms 8.2/10 Pricing on request ✓ 0 of 4 features Contact Finastra

vs

Avaloq #7 in Digital Banking Platforms 6.8/10 Pricing on request ✓ 0 of 4 features Visit Avaloq

• Finastra Digital Banking fits best

  Banks needing consumer and business digital channels

• Avaloq fits best

  Banks needing front-to-back banking and digital channels

Advertiser disclosure: iTechGuides is reader-supported. We may earn a commission when you click some links. How we rank.

Side by side

Feature	Finastra Digital Banking 8.2/10 Visit ↗	Avaloq 6.8/10 Visit ↗
At a glance
Editor score	8.2	6.8
Ranking	#2 in Digital Banking Platforms	#7 in Digital Banking Platforms
Best for	Banks needing consumer and business digital channels	Banks needing front-to-back banking and digital channels
Pricing model	Paid	Paid
Starting price	Not published	Not published
Free plan	Not published	Not published
Free trial	—	—
Deployment	Cloud, Mobile	Cloud, Self-hosted
Platforms	Web, iOS, Android	Web
Built for	Mid-market, Enterprise	Mid-market, Enterprise
Features Finastra Digital Banking 0/4 · Avaloq 0/4
Digital account opening	Not published	Not published
Digital loan origination	Not published	Not published
Customer self-service	Not published	Not published
Engagement messaging	Not published	Not published
Specs
Delivery channels	Not published	Not published
Deployment model	Not published	Not published
Our review
Pros	Provides digital channels for both retail and business banking. Supports web, iOS and Android account access and banking services. Includes payments, money movement and card management controls.	Covers core banking, lending, payments, treasury and risk processes Supports multiple entities and booking centres in one instance Offers web and mobile banking experiences with Open Banking APIs
Cons	Pricing requires contacting sales. Digital channel capabilities are managed by the financial institution. The described scope centers on banking channels, payments, cards and account access.	Pricing requires contacting sales Digital channel capabilities are described less specifically Designed for mid-market and enterprise institutions
Our verdict	Finastra Digital Banking provides branded online and mobile banking experiences for financial institutions serving retail and business customers. Account holders can access accounts and transactions, make payments, move money and use card… Read the review →	Avaloq is a core banking and wealth management platform for banks, wealth managers, investment managers, retail banks and neobanks. Its scope runs from client management and investment operations to lending, payments, treasury, risk,… Read the review →

Strengths and trade-offs

• Finastra Digital Banking — where it wins

  • Provides digital channels for both retail and business banking.
  • Supports web, iOS and Android account access and banking services.
  • Includes payments, money movement and card management controls.

  Where it doesn't

  • Pricing requires contacting sales.
  • Digital channel capabilities are managed by the financial institution.
  • The described scope centers on banking channels, payments, cards and account access.

• Avaloq — where it wins

  • Covers core banking, lending, payments, treasury and risk processes
  • Supports multiple entities and booking centres in one instance
  • Offers web and mobile banking experiences with Open Banking APIs

  Where it doesn't

  • Pricing requires contacting sales
  • Digital channel capabilities are described less specifically
  • Designed for mid-market and enterprise institutions

• Finastra Digital Banking8.2/10 · Pricing on request

  Web and mobile banking channels for institutions serving retail and business customers.

  Contact FinastraFull verdict →
• Avaloq6.8/10 · Pricing on request

  Broad front-to-back banking and digital channels, with pricing by sales inquiry.

  Visit AvaloqFull verdict →