TrustRadius

Alkami vs. SAP for Banking

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Alkami
Score 7.0 out of 10
N/A
Alkami aims to enable financial institutions to outsmart, not outspend, the Megabanks by providing a successful cloud-based digital banking platform. The Alkami Platform humanizes digital banking so banks and credit unions can confidently grow, adapt quickly, and build a thriving digital community.N/A
SAP for Banking
Score 8.3 out of 10
N/A
SAP offers banking software, with a wide range of features for customers of retail and commercial banks, featuring mobile and online self-service support, and on the institution side revenue, performance and risk management, along with payment processing and loan management.N/A
Pricing
AlkamiSAP for Banking
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
AlkamiSAP for Banking
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details——
More Pricing Information
Community Pulse
AlkamiSAP for Banking
User Ratings
AlkamiSAP for Banking
Likelihood to Recommend
7.0
(0 ratings)
6.9
(0 ratings)
User Testimonials
AlkamiSAP for Banking
Likelihood to Recommend
If you are looking for a high-quality online banking product and you don’t want/need to customize it too much, Alkami is a great choice- it has a lot out of the box and the people are great. If you need a lot of customization, and you don’t have the internal resources to help you do that, Alkami may be a challenge to satisfy your needs.
Verified User
Anonymous
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SAP [needs] a UI upgrade soon - it is getting difficult to operate, especially when huge transactions are involved. SAP's mobile application however gives easy access to data and we can address and search it when needed. This also helps to provide appropriate information to customers and I can update the transaction details on the go.
Ayush Seth | TrustRadius Reviewer
Ayush Seth
Deputy Manager
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Pros
  • Mobile-first design is great on both iOS and Android.
  • Broad array of retail banking capabilities.
  • A large array of integrated partner products to enhance the core functionality of the base product.
  • SDK and API-centric architecture are helping to design for the future of banking applications.
Verified User
Anonymous
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  • Multi Deposit Management
  • Credit & Loan Management
  • Access Live Data
Verified User
Anonymous
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Cons
  • SDK and APIs are not fully mature - while they are functional and have a bright future, the support infrastructure is not fully developed.
  • Custom development can take a long time.
  • They may be focused on sales over support given their recent public offering.
Verified User
Anonymous
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  • The think and thin ledger handling
  • Regulatory compliance need
Verified User
Anonymous
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Alternatives Considered
No answers on this topic
Direct banking-related software is not used but within [the] company, SAP is being used to interface with the Banking system.
Verified User
Anonymous
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Return on Investment
  • Enabled a solid mobile first.
  • Ember experience.
  • Allowed flexibility via the SDK.
  • Allowed us to focus on the business needs over the technology infrastructure.
Verified User
Anonymous
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  • Robust solution, highly integrated, data protection, immense cyber security as positive.
  • Highly complex to implement, the need [for] high knowledgeable consultants are negative impacts.
  • Expensive for SME banks.
  • High implementation costs.
Verified User
Anonymous
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ScreenShots