Finray Intelligence EU/UK PI/EMI core banking selection

EU/UK PI/EMI core banking selection

Decision graph for EU/UK Payment Institutions and E-Money Institutions selecting core banking software under PSD2/PSD3/PSR, DORA and AML obligations. Vendor-neutral; Corebanq recused from ranking.

Cluster: Corebanq
Published: 2026-05-01
Disclosure: Finray product recused from ranking

The EU/UK PI/EMI core banking selection graph maps the decision an EEA Payment Institution, E-Money Institution, or UK PSR 2017 buyer faces when selecting core banking software: the current regulatory baseline (PSD2 + UK PSR 2017), the forward-looking overlay (Council ST 8222/26 PSD3 and ST 8221/26 PSR final compromise texts), the operational-resilience anchors (DORA + EBA outsourcing guidelines), and the AML overlay (AMLR + AMLD6) — mapped onto six RFP control domains (ledger and safeguarding, payment-rail coverage, API and SCA integration, resilience and outsourcing, audit and observability, commercial and delivery fit) and onto the named vendor products that implement those controls.

The graph is vendor-neutral on every category in which Finray Technologies Ltd does not ship a product. Corebanq is Finray’s core banking product; it is recused from any ranking, scoring, or “best of” recommendation and is included as a referenced product node only. Every product node carries its primary-source URL with an accessed-date suffix; gaps are flagged as [evidence pending — vendor outreach required] rather than filled by inference.

Click any node or edge to inspect its evidence. The legend, top-right of the canvas, maps node colour to type. Pan with click-drag; zoom with the wheel; reset with double-click on background.

Layout: cose
Nodes: 61
Edges: 100
Last reviewed: 2026-04-30
Evidence cutoff: 2026-04-30
Pending outreach: 26

This decision graph requires JavaScript to render. The underlying data is published as JSON at /data/graphs/eu-uk-pi-emi-core-banking-software-buyer-guide.json and validates against the schema at src/lib/intelligence-graph-schema.ts.

firm-segment
regulation
standard
control
vendor
product
finray product (COI)

Reference index

The interactive decision graph above and the tables below cover the same data. The graph is for visual exploration; the tables index every regulation, standard, control, vendor and product in plain text with primary-source links — for search engines, citation tools and readers who prefer linear reading.

Regulatory anchors and supervisory standards

The legal instruments and supervisory standards an institution in this segment must satisfy. Each row links to the primary source — official journal page, supervisor circular, or standards body — with the date the source was last accessed.

Regulatory anchors and supervisory standards covered in this radar, with primary-source links.
Anchor	Scope	Primary source
PSD2 — Directive (EU) 2015/2366 Regulation	Current baseline EU payment-services directive.	View source
PSD3 — Council ST 8222/26 final compromise text Regulation	Council final compromise text for the proposed payment-services directive.	View source
PSR — Council ST 8221/26 final compromise text Regulation	Council final compromise text for the proposed payment-services regulation.	View source
I-Item Note ST 8220/26 on PSD3 + PSR Regulation	Council note for PSD3/PSR final compromise process.	View source
SCA RTS — Commission Delegated Regulation (EU) 2018/389 Regulation	Strong customer authentication and secure communication RTS.	View source
DORA — Regulation (EU) 2022/2554 Regulation	EU digital operational resilience regime.	View source
EBA Guidelines on outsourcing arrangements Regulation	EBA/GL/2019/02 outsourcing guideline.	View source
AMLR — Regulation (EU) 2024/1624 Regulation	EU AML regulation.	View source
AMLD6 — Directive (EU) 2024/1640 Regulation	EU AML directive.	View source
MiCA Title III ART and Title IV EMT overlap Regulation	MiCA asset-referenced token and e-money token overlap.	View source
UK PSR 2017 regulation 23 safeguarding overlay Regulation	UK safeguarding overlay for payment institutions.	View source
ISO 20022 Standard	Canonical financial messaging standard.	View source
SEPA Instant rulebook Standard	EPC SEPA Instant Credit Transfer rulebook.	View source
SWIFT CBPR+ Standard	SWIFT ISO 20022 usage guidelines for cross-border payments.	View source
T2 / TARGET2 Standard	Eurosystem RTGS service.	View source
SIX SIC Standard	Swiss interbank clearing system.	View source
Pay.UK Faster Payment System Standard	UK real-time retail payment system.	View source
ISO 27001 Standard	Information security management-system standard.	View source

Controls

The control domains those regulatory anchors require. Each control sits at the intersection of one or more regulations and one or more vendor products that implement it.

Control domains required by the regulatory anchors above.
Control	What it covers
Ledger & safeguarding	Double-entry posting, immutable corrections, segregation, reconciliation and insolvency-priority evidence.
Payment rail coverage	Rail-by-rail coverage: SEPA Instant, T2/TARGET2, SWIFT, SIC and FPS.
API & SCA integration	OpenAPI, webhooks, sandbox, SCA delegation, consent, AIS/PIS, idempotency and rate limits.
Resilience & outsourcing	Deployment posture, tenant isolation, ICT subcontracting, audit rights, exit rights and incident reporting.
Audit & observability	Event logs, evidence retention, regulator-inspection pack, data lineage and telemetry.
Commercial & delivery fit	Pricing basis, implementation timeline, vendor-as-software versus vendor-as-bank, partner ecosystem and exit economics.

Vendors and products

Named vendors active in this control space and the specific products each ships. Listing is alphabetical within the graph's evidence set; inclusion is editorial, not commercial, and is not a recommendation. Finray Technologies Ltd ships products in this space and is recused from any ranking — see the methodology page for the conflict-of-interest framework.

Vendors and the specific products each ships into this control space.
Vendor	Products	Vendor source
Mambu Vendor of Mambu Cloud Banking Platform and Mambu Payments API.	Mambu Cloud Banking Platform — Composable cloud banking platform for lending, deposits and payments. ( product page ) Mambu Payments API — Payments API documentation with public deprecation/discontinuation notices for older materials. ( product page )	Vendor site
Tuum Vendor of Tuum Core Banking Platform.	Tuum Core Banking Platform — Cloud-native, modular, API-first core banking platform. ( product page )	Vendor site
SDK.finance Vendor of SDK.finance Real-Time Ledger and EMI software.	SDK.finance Real-Time Ledger — Real-time ledger with APIs and webhooks. ( product page ) SDK.finance EMI software — EMI-oriented software offering based on SDK.finance platform materials. ( product page )	Vendor site
Advapay Vendor of Macrobank.	Macrobank — Digital core banking software marketed for banking and payment functions. ( product page )	Vendor site
Thought Machine Vendor of Vault Core and Vault Payments.	Vault Core — Cloud-native core banking product. ( product page ) Vault Payments — Cloud-native payments processing platform. ( product page )	Vendor site
Temenos Vendor of Temenos Transact and Temenos Core Banking.	Temenos Transact — Core banking product represented by Temenos Transact materials. ( product page ) Temenos Core Banking — Temenos modular cloud-native core banking platform. ( product page )	Vendor site
Finastra Vendor of Fusion Essence and Essence Analytics.	Fusion Essence — Finastra Essence core banking product. ( product page ) Essence Analytics — Analytics product for dashboards, audit trails and event publication feed. ( product page )	Vendor site
Intellect Design Vendor of iGCB Core Banking and eMACH.ai.	iGCB Core Banking — iGCB core banking product. ( product page ) eMACH.ai — Open finance technology architecture for banking products. ( product page )	Vendor site
10x Banking Vendor of 10x Cloud Banking Platform.	10x Cloud Banking Platform — Cloud-native core banking platform. ( product page )	Vendor site
Starling Bank Vendor of Engine by Starling.	Engine by Starling — Cloud-native digital banking platform. ( product page )	Vendor site
SaaScada Limited Vendor of SaaScada Core Banking Platform.	SaaScada Core Banking Platform — 5th-generation cloud-native SaaS core banking platform with open APIs and no product modules architecture. ( product page )	Vendor site
Finray Technologies Ltd Vendor of Corebanq. Finray Technologies — recused from ranking	Corebanq — Finray Technologies Ltd core banking product. ( product page )	Vendor site
Skaleet Additional EU/UK PI/EMI-relevant core banking vendor discovered during research.	Skaleet Core Banking Platform — SaaS core banking platform. ( product page )	Vendor site
Pismo Additional banking/cards platform vendor discovered during research.	Pismo Platform — Cloud-native banking/cards platform. ( product page )	Vendor site
Vodeno Additional BaaS/cloud banking platform vendor discovered during research.	Vodeno Cloud Platform — Cloud banking/BaaS platform with core banking positioning. ( product page )	Vendor site