Banking Software

Banking Software Overview

Banking software, also called core banking software, supplies the infrastructure to build, deploy, and administer financial products. Additionally, banking software stores account-holder data in compliance with local law. It also handles financial transaction processing and accounting. Finally, banking software is responsible for the look and feel of online and mobile banking, customer self-service portal, and other customer interactions.

Top banking software vendors are sophisticated in banking as well as software. They offer design consulting and understand the stringent compliance needs of financial institutions. Top banking software vendors emphasize flexibility and customizability to suit personalized customer experiences and financial products.

Beyond common features of banking software, banking software vendors offer platforms tailored to the needs of different kinds of banks (e.g. retail, corporate, etc). Banking platforms may provide non-banking specific features, like marketing content management, or marketing distribution. These non-banking features tailored to banks may be valuable to some companies with specific finance compliance concerns.

Banking Products

(1-25 of 71) Sorted by Most Reviews

The list of products below is based purely on reviews (sorted from most to least). There is no paid placement and analyst opinions do not influence their rankings. Here is our Promise to Buyers to ensure information on our site is reliable, useful, and worthy of your trust.

SAP for Banking

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.

Oracle FLEXCUBE

Oracle's FLEXCUBE is a system for banks featuring customer self-service portals, revenue maximization features and some inbuilt marketing features.

TCS BaNCS

TATA Consultancy Services offers TCS BaNCS, a cloud-based platform promising resiliency and scalability, as well as lower IT overhead, for banks.

Validis

Validis in the UK offers a platform for fast and compliant data collection to aid lenders to small businesses in making loan decisions.

Blend

Blend is a digital lending platform that simplifies applications for mortgages, consumer loans, and deposit accounts. The company enables customers to process more than $4 billion in mortgages and consumer loans per day. Erin Collard, Eugene Marinelli, Nima Ghamsari, and Rosco Hill…

Temenos Transact - Core Banking

Swiss company Temenos offers their establishing banking software for corporate and retail banks, as well as other kinds of banks such as those run in accordance to Islamic law, cooperatives, and non-bank community financial institutions. Temenos features a wide swath of bank management…

Premier Bank Platform

Financial technology company Fiserv offers the Premier Bank Platform to banking institutions, providing an environment to integrate data and manage bank operations in a simplified browser-based interface.

CGI Open Finance

CGI Open Finance is a digital transformation platform for integrating technology between fintech and banks via an API and orchestration layer.

Synapse

Synapse (formerly SynapseFi), from the company of the same name in San Francisco, si a white-label banking API, providing solutions for card issuance, payments, and account set up.

Alkami

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…

HORIZON Financial Suite

CGI headquartered in Montreal offers the HORIZON Financial Suite, a core banking platform.

Strands Business Financial Management

Strands in Miami offers Strands BFM, a platform for banks to support their business customers with digital applications, featuring financial reporting and analysis.

Alacra Compliance Enterprise

Alacra Compliance Enterprise is a compliance workflow management software, now supported by Opus since the late 2015 acquisition.

Intellect Digital Core

Intellect Digital Core is a banking software solution with a wide range of financial and risk management features from Indian company Intellect Design Arena.

Siena

siena is a corporate real-time treasury and risk management system from Eurobase International headquartered in London, offering control and full reporting of cash flow for multinational entities, compliant regulation and reporting, and multiple bank account control.

Penta

Penta is a digital bank account for SMEs and startups designed to let business owners save time and money on banking. The vendor says it offers more features than traditional banks, such as the ability to get multiple Mastercards per company or low foreign transfer rates. Penta…

Evalueserve Pitchready

Pitchready from Evalueserve is a PowerPoint and Excel-based Suite of Productivity Tools. Pitchready enhances banker’s productivity by automating repetitive tasks, maintaining branding consistency, and providing access to frequently used content.

Maya.ai

Crayon’s maya.ai is a 3-sided AI & ML engine for eccommerce personalization in the banking industry. According to the vendor, maya.ai brings 3 key benefits to its clients: 1) #UnlockWallets - The vendor says customer can drive 3-7% increase in spend. 2) #GetPersonal - The…

Meridian.NET

Computer Services, Inc (CSI) offers Meridian.NET, what the vendor describes as a complete but relatively streamlined core banking platform.

Savangard Finsav

Finsav is a modular, extensible core banking platform from Polish company Savangard.

Concierge Bank

The "Concierge Bank™" App, a marketplace-banking product by Torry Harris is designed to help banks worldwide to offer innovative new products to customers through an API-driven marketplace solution and a simple user interface. Key Highlights · Offer a single interface…

Digital Insight, an NCR Digital Banking Solution

Digital Insight, an NCR company, offers software technology to help banks and credit unions grow by offering online and mobile banking solutions, designed to make it easier for consumers and businesses to manage their money.

ABLE Origination

End-to-end loan origination platform for banks and FinTechABLE Origination software automates the entire lending process end-to-end. Financial organizations can operate the system with little to no human interaction and make personalized offers based on a 360° customer view. ABLE…

Intellect Digital Payments Solution

Intellect's Payments Services Hub (PSH) is presented as a force multiplier for payment processing, pre-processing and orchestration. It offers advanced cash management for corporate banking through the loosely coupled, workflow-connected channel aggregation and orchestration, end-…

VolPay

VolPay is a cloud-native payments solutions for banks and financial institutions from Volante Technologies headquartered in Jersey City.

Learn More About Banking Software

What is Banking Software?

Banking software, also called core banking software, supplies the infrastructure to build, deploy, and administer financial products. Additionally, banking software stores account-holder data in compliance with local law. It also handles financial transaction processing and accounting. Finally, banking software is responsible for the look and feel of online and mobile banking, customer self-service portal, and other customer interactions.

Top banking software vendors are sophisticated in banking as well as software. They offer design consulting and understand the stringent compliance needs of financial institutions. Top banking software vendors emphasize flexibility and customizability to suit personalized customer experiences and financial products.

Beyond common features of banking software, banking software vendors offer platforms tailored to the needs of different kinds of banks (e.g. retail, corporate, etc). Banking platforms may provide non-banking specific features, like marketing content management, or marketing distribution. These non-banking features tailored to banks may be valuable to some companies with specific finance compliance concerns.

Banking Software Features & Capabilities

Features common to core banking software are:

  • Real-time account & transaction processing

  • Financial product builder

  • Customizable interface and product workflow

  • Customer self-service portal & management

  • Online payment processing & bill pay

  • Source capture & remote deposit

  • Customer interaction (e.g. live chat)

  • Account-holder transaction history tracking

  • Account-holder data & document store

  • Multi-currency funds management

  • Financial instrument workflow

  • Accounting workflow

  • Mobile app development

Banking Software Integrations & Ancillary Products

Because of compliance rules peculiar to banking, banking software vendors frequently offer suites of ancillary products. These may cover the business needs for specific kinds of financial institutions. Some modules and add-ons from popular vendors cover:

  • Fraud risk management

  • Financial crime mitigation

  • Line of credit & credit background check

  • Loan origination & servicing

  • Corporate supply chain financing

  • Customer wealth management

  • Investor servicing & accounting

  • Enterprise content management

  • Marketing resource management and automation

  • Banking investment & operational intelligence

  • Support for Islamic banks

Banking Software Comparison

When comparing different banking software options, consider these factors:


  • Data Security: Consider what security measures each software offers. All banking software offers some level of security for compliance reasons. However, maintaining up to date digital security is an ongoing challenge for vendors. Factors like user and access management will also impact the ease of maintaining security day to day.

  • On-Premise vs. Cloud-Based: Banking software has traditionally been deployed on-premise, but many leading vendors now offer cloud-based technology as well. Cloud-based systems can be easier to deploy and reduce management costs, but also reduce direct control over business and user data.

  • Integrations: How well can each platform integrate with other systems? All modern banking systems should have some level of API integrability, but not all are equally easy to implement. Look for reviewer feedback on use cases that have integrated with systems that the bank has already implemented, such as BI tools, HR platforms, or other finance systems.


Start a banking software comparison here

Pricing Information

Because banks vary widely in size and specialty, costs of banking software vary in the extreme. Few banks meet their needs with simple subscription-based offerings. Banking software tends towards very high modularity and pricing depends on the breadth of modules and services required, as well as licenses and installations.

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Frequently Asked Questions

What are banking systems?

Banking systems support all of the technical and logistics needs of banks, including the front-end transactions and user interfaces for banks, as well as back-end compliance reporting and auditing functions.

How does banking software work?

Modern banking software is structured as a set of microservices that allow banks to adopt the specific functions and capabilities that they need. It usually resides on a core database for storing customers’ and businesses’ financial data.

What’s the difference between core banking and retail banking software?

Retail banking focuses on banking for the general public and non-commercial context. Core banking software encompasses both non-commercial and commercial banking software needs.