FinSys

by OpenFactor Technologies

4.5 /5 (2) Write a Review!

Who Uses FinSys?

Financial Institutions

What Is FinSys?

FinSys is a robust,secure core banking platform with modular service-oriented architecture. It delivers a comprehensive range of functionalities that cater for a resilient platform that support digital banking transaction 24X7. FinSys provides multi-entity, multi-currency,multi-lingual, retail, corporate, branch-less banking capabilities. It has a complete range of independent business modules which operate within an integrated framework to deliver financial service in a most cost effective way.

FinSys Details

OpenFactor Technologies

http://www.openfactorgroup.com

Founded 2012

FinSys pricing overview

FinSys does not have a free version. FinSys paid version starts at US$15,000.00/year.

Starting Price

US$15,000.00/year

Pricing Details

The license is $3 per annum per customer account @ minimum of 5000 accounts

Free Version

No

FinSys deployment and support

Support

  • 24/7 (Live rep)

Deployment

  • Cloud, SaaS, Web-based
  • Android (Mobile)
  • iPhone (Mobile)
  • iPad (Mobile)

Training

  • In Person
  • Live Online
  • Webinars
  • Documentation

FinSys Features

  • API
  • ATM Management
  • Accounting
  • Activity Dashboard
  • Alerts / Escalation
  • Audit Management
  • Authentication
  • Compliance Management
  • Compliance Tracking
  • Contact Database
  • Core Banking
  • Corporate Banking
  • Credit Card Management
  • Credit Card Processing
  • Credit Union
  • Customer Accounts
  • Customer Experience Management
  • Customisable Reports
  • Document Management
  • Document Storage
  • Electronic Payments
  • Financial Management
  • Fraud Detection
  • Investment Banking
  • Lending Management
  • Monitoring
  • Multi-Branch
  • Multi-Currency
  • Offshore Management
  • Online Banking
  • Portfolio Management
  • Private Banking
  • Real Time Analytics
  • Real Time Data
  • Real Time Monitoring
  • Reporting & Statistics
  • Retail Banking
  • Risk Analytics
  • Risk Assessment
  • Risk Management
  • Role-Based Permissions
  • Rules-Based Workflow
  • Secure Login
  • Securities Management
  • Third Party Integrations
  • Transaction History
  • Transaction Monitoring
  • Two-Factor Authentication
  • User Management
  • Workflow Management

View full list of Banking Software

  • ACH Payment Processing
  • API
  • Activity Dashboard
  • Activity Tracking
  • Alerts / Escalation
  • Authentication
  • Bill Payment
  • Biometrics
  • Cash Management
  • Chat/Messaging
  • Compliance Management
  • Credit Card Processing
  • Cross Selling Functionality
  • Customer Accounts
  • Customer Experience Management
  • Customisable Branding
  • Customisable Reports
  • Customisable Templates
  • Data Synchronisation
  • Digital Wallet
  • Document Storage
  • Electronic Payments
  • Financial Analysis
  • Financial Management
  • Fraud Detection
  • Historical Reporting
  • Historical Trend Analysis
  • Live Chat
  • Mobile Access
  • Mobile Alerts
  • Monitoring
  • Multi-Currency
  • P2P Payments
  • Promotions Management
  • Real Time Analytics
  • Real Time Monitoring
  • Real Time Notifications
  • Remote Deposit
  • Reporting & Statistics
  • SMS Banking
  • SMS Messaging
  • SSL Security
  • Secure Data Storage
  • Secure Login
  • Single Sign On
  • Transaction History
  • Transaction Monitoring
  • Two-Factor Authentication
  • User Management
  • Voice Recognition

View full list of Mobile Banking Software

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FinSys Reviews for UK Users

Read all reviews

Overall rating

4.5/5
From 2 users reviews

Average score

Ease of Use 5
Customer Service 4.5
Features 4.5
Value for Money 5

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Melody C.
Loan Administrator
Financial Services, 2-10 Employees
Used the Software for: 6-12 months
  • Overall Rating
    5 /5
  • Ease of Use
    5 /5
  • Features & Functionality
    5 /5
  • Customer Support
    5 /5
  • Value for Money
    5 /5
  • Likelihood to Recommend
    10/10
  • Reviewer Source 
  • Reviewed on 17/07/2020

"Quick and easy system"

Comments: 1. Smart intelligence automation
2. We are able to upload scanned documents to an application

Pros: 1.It is personalised to our requirements
2. Comprehensive reporting and Analytics
3. Ease of delegation
4. Set pre-defined rules

Cons: 1. Automate Debt Recovery and collections
2.

  • Reviewer Source 
  • Reviewed on 17/07/2020
Martin A.
Chief Commercial Officer
Financial Services, 2-10 Employees
Used the Software for: 6-12 months
  • Overall Rating
    4 /5
  • Ease of Use
    5 /5
  • Features & Functionality
    4 /5
  • Customer Support
    4 /5
  • Value for Money
    5 /5
  • Likelihood to Recommend
    9/10
  • Reviewer Source 
  • Reviewed on 17/07/2020

"Africawide Fintech partners with OpenFactor"

Pros: Openfactor expertly reconfigured the entire front end to resemble an inhouse system of ours, virtually eliminating the re-training need for our employees. Their commercial flexibility to give us a variable cost based opex model impressed.

Cons: While our version is close to being a one-stop system, it still needs to interface with our banking partner and our accounting packages. I'd have loved to have everything included.

  • Reviewer Source 
  • Reviewed on 17/07/2020
Read all 2 reviews