Evaluating Technisys or Cyberbank Digital? Its owner today is SoFi. With Fiter, your core doesn’t depend on any financial group’s decisions.
With TechnisysTechnisys became part of SoFi in 2022, and in 2026 its Cyberbank products moved under the SoFi Tech Solutions brand. Are a US financial group’s priorities the same as your bank’s?
With FiterApache Fineract belongs to the Apache Software Foundation. Nobody can buy it or change its direction.
With TechnisysWith a proprietary suite, every new module, adjustment and integration is negotiated with the vendor or its integrators.
With FiterOpen source: your team or ours changes it without asking permission.
With TechnisysAs long as you use the core, you pay license and maintenance. If you leave, you start a new license with another vendor.
With FiterZero license fees, forever. What you invest stays in your core.
The criteria that decide what your core costs today, what it will cost five years from now and what it would cost to leave.
| Criterion | Fiter (Apache Fineract) | Technisys |
|---|---|---|
| License model and cost | Fiter advantage: Zero license fees. Apache 2.0: no charge per account, per customer or per transaction. Your portfolio grows and your core cost stays put. | Proprietary license plus maintenance and services. Every module and every change is negotiated with the vendor. |
| Open source or proprietary | Fiter advantage: Open source. Your team, your auditors and your regulator can review every line that processes your portfolio. | Closed source. Your team can’t see or audit what processes your portfolio. |
| Deployment options | Fiter advantage: Wherever you decide: AWS, Azure, GCP, local cloud or on-premise. You meet your regulator’s requirements without asking anyone’s permission. | Options are set by the vendor and its contract, not by your infrastructure strategy. |
| Data ownership and portability | Fiter advantage: Your data, in your database, on your infrastructure. Query it, export it and back it up whenever you want. | The vendor controls the data model and the tools to get your data out. |
| Vendor lock-in and exit cost | Fiter advantage: Zero lock-in. The code is yours forever: you can switch service providers without switching cores. | Switching cores means another license, another vendor and another migration from scratch. |
| Product customization | Fiter advantage: No ceiling. Individual and group lending, microfinance, savings and Islamic finance (Murabaha) on the same core, built around your portfolio. | Customization goes through the vendor or its certified integrators, at their price and on their schedule. |
| Support model | Fiter advantage: Direct access to the team that implemented your core, with 24/7 support tiers available. Not an anonymous global help desk. | Part of SoFi, a US financial group, since 2022. Is your market still its priority? |
| Community and roadmap | Fiter advantage: Apache Software Foundation, with Fiter on the PMC: we vote on where the product goes. No acquirer can change its direction. | SoFi Tech Solutions decides the roadmap. Who decides the roadmap of your core? |
| Typical time to go live | Fiter advantage: 8 to 16 weeks depending on scope, with a parallel run and no disruption to your operation. | A proprietary suite with modules, licenses and integrators to coordinate before you go live. |
Apache 2.0 means zero license fees: you don’t pay per account or per transaction. With a subscription or licensed core, every new customer adds to the bill. With Fiter, growth doesn’t cost you more.
Fiter has members on the Apache Fineract PMC. When your portfolio needs something the core doesn’t do, we don’t open a ticket with a third party: we propose it, vote on it and build it.
Banks, fintechs, credit unions and microfinance institutions already run on Apache Fineract with Fiter, including Islamic finance (Murabaha). If your product isn’t standard, we configure it on the same core.
Migrating from Technisys or Cyberbank to Apache Fineract with Fiter starts by separating the core from the digital layer: Fineract takes over accounts, loans and accounting, and your digital channels connect by API. We review your portfolio’s products, map the data to the Fineract model, load and reconcile in parallel with your current system and cut over at a month-end close. Your operation never stops, and from that day on your core no longer depends on who owns the vendor.
Total timeline8 to 16 weeks, depending on project scope
We review your portfolio, products, integrations (channels, payments, credit bureau, regulator) and reports. You get a fixed scope at a fixed price.
Every loan and savings product is configured in Fineract and every field in your current system is mapped to the new model. Your operations and accounting teams sign it off.
We load your portfolio and run both systems side by side with daily reconciliation of balances, interest and journal entries. Nothing is switched off until the numbers match.
Cutover at a month-end close with verified accounting, user training and hands-on support from our team during the first weeks.
We show you Apache Fineract with a case like yours, and you leave with what you need to decide: total cost with no license, a migration plan and who supports you.
Book a side-by-side demoTrademarks mentioned belong to their respective owners. Public information reviewed in November 2026.