Oracle's FLEXCUBE is a system for banks featuring customer self-service portals, revenue maximization features and some inbuilt marketing features.
Banking Software Overview
What is Banking Software?
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). And banking platforms may provide non-banking specific features, like marketing content management, or marketing distribution. This is of use given the compliance concerns present in all aspects of finance and banking.
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
Mobile app development
Banking Software Integrations & Ancillary Products
Because of compliance rules peculiar to banking, banking software vendors 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
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.
Listings (1-25 of 50)
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.
Alacra Compliance Enterprise is a compliance workflow management software, now supported by Opus since the late 2015 acquisition.
Computer Services, Inc (CSI) headquartered in Paducah offers the NuPoint core banking platform, providing a flexible cloud-based infrastructure supporting operations, compliance, and supplying robust reporting.
CGI headquartered in Montreal offers the RFS Retail Banking suite, an application suite designed to organize and automate management of the customer service and operations side of banking.
Strands in Miami offers Strands BFM, a platform for banks to support their business customers with digital applications, featuring financial reporting and analysis.
Sopra Banking Software presents the ability to address requirements for banks and financial institutions of any size and scope, allowing them to innovate and expand their services. Sopra Banking Software is a subsidiary of the Sopra Steria Group, a European supporter of digital transformation headqu…
Toronto-based company Zafin offers their core banking solution, the Zafin Cloud, to retail banks. The cloud-based solution offers product management with automated fee, rate and offer tracking, and precise customer segmentation.
The Avaloq Banking Suite comprises a modular banking solution of back, middle and front office functionalities. Its complete integration allows end-to-end coverage of processes with maximum efficiency and flexibility. For the most expensive roles in the financial institutions, the Avaloq Banking Sui…
Computer Services, Inc (CSI) offers Meridian.NET, what the vendor describes as a complete but relatively streamlined core banking platform.
TATA Consultancy Services offers TCS BaNCS, a cloud-based platform promising resiliency and scalability, as well as lower IT overhead, for banks.
Validis in the UK offers a platform for fast and compliant data collection to aid lenders to small businesses in making loan decisions.
Kony, headquartered in Austin, offers Kony DBX, a digital banking platform.
Cleartouch from Fiserv, is described vy the vendodr as an innovative, online, real-time bank platform that delivers powerful business analytics and customizable workflows to help banks drive revenue, increase cross sales and build customer loyalty.
SDK.finance offers a core banking platform, offered as a full-fledged digital banking platform in all popular formats including web, iOS & Android applications, and promises to support banks at every stage of the digital transformation from market research to product launch and scaling. The ven…
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 features, me…
FIS headquartered in Jacksonville Florida offers a range of banking solutions, namely Profile, a cloud-based solution for payment processing and operations automation for commercial and retail banks.
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 vendor says custome…
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.
AAZZUR connects banks and their users to an ecosystem of fintech products in one integration. According to the vendor, it is a technology layer that makes banking enjoyable for users, while giving fintechs a perfect go-to-market channel and banks a seamless way to cross-sell to their customers. The…
Precision from Fiserv is an integrated, end-to-end bank platform that helps optimize business processes, grow revenue and drive efficiency. Precision supports new account and transaction processing, document management and imaging, online banking, business intelligence and risk management. It can be…
Belgian company Turnkey Lending offers their straightforwardly named "Lending Software," unsurprisingly a loan origination, described as offering full-service features but for small to midsized financial institutions.
German company Mambu offers a loans management platform for financial institutions.
Finsav is a modular, extensible core banking platform from Polish company Savangard.
Banno is a suite of applications for banks with back office features for providing customer support, and customer facing applications for self-service. Banno is offered by Jack Henry & Associates.