Neobanking platform providers compared
| Provider | Platform category | Shortlist for |
|---|---|---|
| Engine by Starling | Digital bank platform | New digital bank launches |
| 10x Banking | Core banking platform | New retail bank propositions |
| Thought Machine | Vault Core | Programmable account and product rules |
| Mambu | Core banking platform | Digital deposits and lending |
| Temenos | Temenos Core | Phased modernisation or a digital brand |
| Infosys Finacle | Finacle Core Banking Solution | Digital bank core transformation |
| Codebase Technologies | Digibanc | Bank-backed digital-only brands |
| Backbase | Digital banking platform | Customer experience on an existing core |
| Unit | Embedded financial infrastructure | Accounts, cards, and payments |
| Synctera | Banking and payments infrastructure | Bank-partner programmes |
| Treasury Prime | Embedded banking and bank network | Bank selection and integrations |
How Fintyle selected the providers
This global shortlist uses public product documentation and case studies. It groups vendors by the role their software plays, because a core migration, a new customer app, and a bank-partner programme call for different proposals. The fit labels are editorial assessments. Confirm availability for your market, contracted modules, and the responsibilities of each party before choosing a vendor.
11 neobanking platform providers to evaluate
1. Engine by Starling
Engine’s Salt Bank case study describes providing the core banking platform for a new digital proposition in Romania. Consider Engine when you want a banking platform with a named launch reference. Ask which customer journeys, back-office tools, and integrations come with the proposed deployment. Have the team demonstrate a customer moving from account opening to a first transaction and show what an operations user sees if the transaction needs review.
Engine by Starling product or project reference
2. 10x Banking
10x Banking describes providing the foundational core for Chase UK’s retail banking launch. The reference is relevant when a bank wants a separate technology foundation for a digital brand. Ask how customer and product records would connect to existing bank systems. Compare what the core handles directly with the work your team or its implementation partner would need to do for payments, servicing, and reporting.
10x Banking product or project reference
3. Thought Machine
Thought Machine describes Vault Core as separating programmable product rules from underlying ledger operations. Consider it when the bank wants direct control over how deposit or lending products behave. Give the team a scenario where an interest-rate change applies only to accounts opened after a given date. Ask who writes and approves the rule, how it is tested, and how the bank would reverse a mistaken deployment.
Thought Machine product or project reference
4. Mambu
Mambu describes its core as supporting deposit and lending products for fintechs and financial institutions. It is worth evaluating when you want to combine a core with separately selected services. Ask the vendor to map where onboarding, payment execution, and accounting take place. For a lending launch, test a late repayment and check how the resulting balance and servicing status reach the customer app and operations team.
Mambu product or project reference
5. Temenos
Temenos describes a composable core that supports progressive adoption. This is relevant when a bank wants to launch a digital proposition while existing accounts remain on another system. Ask which platform holds each account balance, which one issues statements, and how the bank reconciles activity across both. Request an estimate that separates contracted modules from migration, integration, and ongoing support.
Temenos product or project reference
6. Infosys Finacle
Finacle’s Zand Bank case study describes a core banking transformation for a digital-first institution. Consider it when the digital experience depends on changes to the underlying accounts and product setup. Ask to see how a new product is configured and how a customer’s balances and activity are verified after migration. Confirm which services the implementation team will deliver alongside the core.
Infosys Finacle product or project reference
7. Codebase Technologies
Codebase Technologies documents its work with Capital Bank of Jordan on Blink, a digital-only banking proposition built using Digibanc. The example is relevant when an existing bank wants a distinct customer experience for a new brand. Ask which capabilities are shared with the parent bank and which can be configured independently. Include a scenario where a customer needs help with an application that spans both systems.
Codebase Technologies product or project reference
8. Backbase
Backbase provides digital banking software for retail and business banks. Evaluate it when the main job is improving onboarding or servicing and the institution already has a core. Ask what happens if that core is unavailable while a customer submits a request. The demo should show how the customer receives an accurate status and how staff can see whether the request was accepted, queued, or rejected.
Backbase product or project reference
9. Unit
Unit publishes infrastructure for adding accounts, balances, payments, and card issuing to a product. Consider it if a fintech needs to put financial features inside its own interface. Ask which bank and products are available under the proposed arrangement. Walk through a card authorization, a partial reversal, and settlement to see which system records each event and which party answers a customer query.
Unit product or project reference
10. Synctera
Synctera offers infrastructure for fintech and embedded banking products. Evaluate it when your launch depends on a bank partnership and you need to understand how responsibilities are shared. Ask the team to map customer reviews, exceptions, disputes, and reporting across the fintech, the platform, and the bank. Confirm who can pause the programme and how customers continue to receive support during an interruption.
Synctera product or project reference
11. Treasury Prime
Treasury Prime describes a network of participating institutions for embedded finance. Consider it when bank fit is a major part of the buying decision. Compare the specific programmes available under your proposal and ask who owns the integration and operational reviews. Request a written transition plan that covers historical records, existing customer accounts, and payment continuity if a bank relationship changes.
Treasury Prime product or project reference
How to choose a neobanking platform
- Map the stack and its owners. Write down who provides the app, account records, card issuing, payment connections, identity checks, and customer support. Identify which components are included in the quote and which require separate contracts.
- Test the first transaction through settlement. Give finalists the same workflow, such as opening an account and making a card purchase. Include a timeout and a reversal. Compare what the customer, operations team, and financial partner see at each stage.
- Review the operating model. Ask your legal and compliance teams to confirm which entity provides each financial service in the intended market. Include responsibilities for complaints, monitoring, reporting, and customer communications in the evaluation.
- Specify how you can exit. Ask how balances, transaction history, and audit records can be exported. Define what happens to open disputes, scheduled payments, and customer access during a transition.
If your product relies on a banking partner, Fintyle’s comparison of embedded finance and banking as a service explains how the models relate.
What affects neobanking platform costs?
Ask for separate figures for implementation, platform fees, bank or processor charges, and ongoing support. Compare proposals using the same account volumes, payment mix, and launch market. Check who pays for security reviews, certification work required by partners, and changes to integrations. Request a separate estimate for adding a second market or a new product after launch.
Frequently asked questions
What is a neobanking platform?
A neobanking platform is software or infrastructure used to deliver a digital banking proposition. Depending on the vendor, it can cover account processing, customer onboarding, payments, or integration with a bank partner. A proposal should spell out which of those functions the platform includes.
Does a neobank need to replace its core banking system?
It depends on the launch model. An existing bank may use its current core and add a digital layer. A new brand may use a separate core or operate through a partner. Compare where balances are recorded, how transactions reconcile, and who handles day-to-day exceptions under each model.
