MX Technologies vs. Oracle FLEXCUBE

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
MX
Score 8.7 out of 10
N/A
MX Technologies in Lehi Utah offers a suite of applications for banks, including data aggregation and a multi-platform framework for payment and transfer processing. MX combines open finance APIs with enhanced financial data to securely connect to and verify data for hundreds of use cases including account opening, money movement, and underwriting.N/A
Oracle FLEXCUBE
Score 8.3 out of 10
N/A
Oracle's FLEXCUBE is a system for banks featuring customer self-service portals, revenue maximization features and some inbuilt marketing features.N/A
Pricing
MX TechnologiesOracle FLEXCUBE
Editions & Modules
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Offerings
Pricing Offerings
MXOracle FLEXCUBE
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
MX TechnologiesOracle FLEXCUBE
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MX TechnologiesOracle FLEXCUBE
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User Ratings
MX TechnologiesOracle FLEXCUBE
Likelihood to Recommend
-
(0 ratings)
8.8
(0 ratings)
Support Rating
-
(0 ratings)
2.5
(0 ratings)
User Testimonials
MX TechnologiesOracle FLEXCUBE
Likelihood to Recommend
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Oracle FLEXCUBE is fantastic in almost all areas of banking from retail banking to corporate banking to Islamic banking. The technology stack it runs on is also brilliant however it will be of great help if the installation process is simplified to reduce the time to market during implementation. Also with regards to integrations, there should be more materials readily available for the non-standard integrations like the process of clearing files from ATM/POS
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Pros
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  • Retail banking.
  • API integration.
  • Customization flexibility.
  • User experience.
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Cons
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  • It is utterly non-intuitive and not user-friendly for the front-end user. This applies to v.11.
  • Customization, though reliable, is costly.
  • Millennials have a hard time to adapt to it given that they are used to the intuitive app world.
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Support Rating
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Implementation support being done by an Oracle partner with less care than Oracle's resource. Most of the resources from the partner are weak in knowledge and we need a longer time to resolve fixes.
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Alternatives Considered
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One of the main reasons to choose the software is to maintain the pre-existing relationship, product functionality, performance, and strong services.
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Return on Investment
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  • A little bit of high-cost investment in both hardware and license
  • High maintenance cost
  • Even at the high cost it has the capacity and allows the bank to integrate with other systems and enable us to go into the Cambodian market faster.
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ScreenShots