Sold by: Finxact
Deployed on AWS
Finxact, the platform for banking, fintech and embedded finance enables rapid delivery of new experiences and seamless integration of services
Overview
Finxact is a modern, cloud-native system of record and transaction processing engine, agnostic to asset classes, currencies and time zones that utilizes event-driven, microservice architecture, and provides 100% accessibility to all data and functions via a robust set of modern APIs to power innovation for the business of banking.
Finxact is fueling transformation as a platform for banking, fintech, and embedded finance, allowing our clients to innovate how and when they want. We have tailored our innovation platform to meet the expectations for modern finance, allowing companies to exceed the demands of their customers.
We partner with a network of the best-in-class providers and integrators, and while our API-first design puts clients in charge, our ecosystem bridges the gap between goals and reality.
Finxact supports over 17 live customers, including ONE, First Horizon, Live Oak Bank, and Primis.
This listing is for Private Offers only. Want to discuss how Finxact can help you? Reach out to us via email at info@finxact.com to discuss your private offer today.
Highlights
- Multi-Position Account Offerings: A flexible account model that unlocks multiple financial or nonfinancial positions and asset classes (e.g., savings, term deposit, line of credit, crypto, ESG score, mortgage), each with sub-balances and unique behaviors within a unified account experience.
- Extensible: Designed for innovation and adaptability, Finxact allows you to author and ingest new schema and add new data objects and attributes. This enables users to highly adapt their specific Finxact instance, while avoiding code branching, difficult upgrades, scalability challenges, and other inconveniences traditionally tied to software customization.
- Real-time and Temporal: A real-time position keeping system-of-record that securely accumulates, processes, and logs all configuration and operational data within an accessible temporal database structure. This eliminates end-of-day and batch reconciliation while also providing ability to recreate as-of views into any transaction, event or occurrence without cutoffs or offline operations.
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Pricing
Pricing is based on the duration and terms of your contract with the vendor, and additional usage. You pay upfront or in installments according to your contract terms with the vendor. This entitles you to a specified quantity of use for the contract duration. Usage-based pricing is in effect for overages or additional usage not covered in the contract. These charges are applied on top of the contract price. If you choose not to renew or replace your contract before the contract end date, access to your entitlements will expire.
Additional AWS infrastructure costs may apply. Use the AWS Pricing Calculator to estimate your infrastructure costs.
Dimension | Description | Cost/month |
|---|---|---|
Finxact Platform | Access to Finxact Platform Costs | $0.001 |
Dimension | Description | Cost/unit |
|---|---|---|
SaaS Costs | Variable Finxact Consumption Costs | $0.001 |
Additional SaaS Costs | Additional Variable Finxact Consumption Costs | $0.001 |
Dimensions summary
This contract pairs a platform access charge with usage-based charges. You pay a base fee for access to the Finxact Platform. On top of that, your bill scales with how much you use, since the core runs on consumption-based pricing. The SaaS Costs dimension covers your variable Finxact consumption. The Additional SaaS Costs dimension captures further consumption beyond that base usage. Together, the two usage dimensions let your cost grow with actual processing activity, while the platform access charge stays as your foundational fee.
Top-of-mind questions for buyers
The platform charge is your foundational access fee. The two usage dimensions meter your actual processing activity on the core. Because the platform runs on consumption-based pricing, your bill grows as processing volume rises. All charges appear together, so the access fee stays fixed while usage charges scale independently.
Core payment processing for a single banking entity is included in the Finxact Platform, per the seller. This covers ACH order initiation, incoming check processing, and integrated debit card processing. Broader capabilities like multi-bank processing and Fedwire messaging fall under Finxact Payment Rails, which may draw on your consumption-based usage charges.
Both meter your consumption of the core platform. The SaaS Costs dimension covers your base variable Finxact consumption. The Additional SaaS Costs dimension captures further consumption beyond that base level. Both bill by usage and appear on the same invoice alongside the fixed platform access charge, so your total reflects actual processing activity.
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Vendor refund policy
Refund details can be found via Private Offer agreement
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Delivery details
Software as a Service (SaaS)
SaaS delivers cloud-based software applications directly to customers over the internet. You can access these applications through a subscription model. You will pay recurring monthly usage fees through your AWS bill, while AWS handles deployment and infrastructure management, ensuring scalability, reliability, and seamless integration with other AWS services.
Support
Vendor support
While Finxact is delighted to deliver the revolutionary platform, we are equally as driven to provide our clients with high-quality, time-effective system support. For more information, please reach out to us at info@finxact.com .
AWS infrastructure support
AWS Support is a one-on-one, fast-response support channel that is staffed 24x7x365 with experienced and technical support engineers. The service helps customers of all sizes and technical abilities to successfully utilize the products and features provided by Amazon Web Services.
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