Core banking solution software enables banks to carry out key operations for their businesses. Banks of all kinds, from consumer to corporate, can use core banking platforms to run financial transactions, manage their services, generate reports, and monitor financial activity. This software also lets users access and manage their accounts.
Bank core processing providers cover a wide range of services your company might want to offer, including transactions in various currencies, payments, mortgages, savings, or loans. The software can make it easier to create different financial offerings and features that fit the bank’s profile and business objectives.Apart from standard operations, core banking platforms often facilitate the communication between a financial organisation and its customers through posts, notifications, and other updates. They also help institutions to comply with regulatory requirements and laws, both industry- and location-specific.
What do banking core providers offer?
Many banking core providers put strong emphasis on the flexibility of their solutions. Gone are the days of unwieldy legacy core systems that make it difficult for banks to keep up with the market. Nowadays the best core banking platforms are all about integrations, enabling open banking solutions to meet the customers’ expectations.
But integrations are also about opening the systems to more advanced analytics. A lot of core banking software out there can connect with various solutions in other areas of the business, such as accounting, data management, or service-specific systems.
Such flow of information provides companies with more data about their products and customers and helps them make better decisions about their business. Management can easily spot more and less profitable products, track customer engagement, or identify the potential for new offerings.
Traditional and challenger banks alike are now racing to win over customers with their digital products. Banking core processing providers have to make sure that their software enables you to create user-friendly products that can attract tech-savvy consumers. With some core banking solutions, companies can implement tools aimed at their customers to have more control over their finances. Ultimately, core banking systems aim to help you stay relevant on the market.
Depending on your business’s objectives, growth roadmap, and future plans, you might still struggle to find the right solution to serve your company’s needs. If that’s the case, try looking into banking software development that can deliver a reliable product tailored to your vision.
The list of the best core banking solutions
Avaloq develops and provides software for core banking.
B2 is an all-round banking automation solution that enables a broad spectrum of bank’s business processes to be automated. B2’s features include card processing, payment systems, API, payment & settlement center, retail and corporate bank product, general ledger, etc.
Computer Services, Inc. (CSI) is a leading fintech, regtech and cybersecurity partner operating at the intersection of innovation and service. We excel at driving financial institutions and other businesses forward with a unique blend of cutting-edge technology, decades of experience and a commitment to authentic partnerships defined by our customer-first culture.
The Finacle Digital Engagement Suite is an advanced omnichannel solution that helps banks – onboard, sell, service and engage – retail, small business and corporate customers. The suite offers a broad range of traditional, modern and emerging channel experiences to every type of user – end customer, bank staff, external partner and trusted third party.
Finacle Liquidity Management is a front-to-back office liquidity management solution that empowers banks to offer a comprehensive range of services to their corporate clients to identify, manage and optimize liquidity. The solution offers extensive interfacing capabilities regardless of the underlying core banking solution. Its robust integration platform allows real-time view of liquidity positions across multiple host systems for effective liquidity management.
Finacle Corporate Banking is a comprehensive solution suite built on an advanced architecture. The solution addresses the trade finance, lending, syndication, payments, origination, limits, collaterals, treasury, deposits, liquidity management, online banking and mobile banking requirements of corporate banks worldwide and enables them to deliver customized offerings to enterprise clients of all sizes.
iMAL is a new generation of comprehensive enterprise and yet modular Islamic banking and investment system addressing the in-depth business functionality and the state-of-the-art technology in a single, highly integrated front, middle and back office system.
Infor Core Banking is a comprehensive suite of core banking software solutions and services built on a proven, regulatory-compliant framework. This powerful, next-gen solution provides institutions with a future roadmap for capabilities without the significant risk that comes with a normal core banking replacement.
InfrasoftTech is a leading FinTech digital solutions provider for the banking and financial sector. With our global presence and partner network, we are now serving 500+ global enterprises across 50+ countries and have operations spread across the UK, South East Asia, Africa, the Middle East and North America regions. In the ever-evolving FinTech space, we help financial enterprises through their digital journey with our advanced digital-based solutions such as Digital Payments, Omnichannel Banking, Core Banking Solution, Compliance Solution and much more. We transform businesses by enabling them with a wide range of advanced digital-based solutions and new age technologies such as Artificial Intelligence(AI), Machine Learning (ML), RPA, and Cognitive Analytics.
MX is the leading data platform for banks, credit unions and fintechs, enabling its clients and partners to easily collect, enhance, analyze, present and act on financial data. Using MX platform and products, MX clients are able to understand their customers in real-time like never before, allowing them to be truly customer-centric, empowering them to grow faster and deliver an exceptional customer experience all while reducing costs.
Founded in 2010, MX is one of the fastest-growing fintech providers, partnering with more than 2,000 financial institutions and 43 of the top 50 digital banking providers. For more information, visit www.mx.com
Profinch is a fintech company offering technology solutions that enable financial institutions to transform how they work and be future-ready. The solutions include, consulting services for advancement of core operations and processes, and off-the-shelf products for 360-degree digitization and data transformation.
Railsbank is an open banking API and platform that gives regulated and un-regulated companies access to global banking.
The Railsbank platform enables marketers, product managers, developers to take their financial product vision and rapidly prototype, launch and scale using its open finance platform, financial operations, regulatory licensing, and rich set of APIs. Using Railsbank’s super simple APIs as building blocks, customers can build pretty much any financial use-case they can imagine.
Sopra Banking Software is the partner of choice for more than 1,500 financial institutions worldwide. The rich variety of its solutions, the strength of its conviction and the passion for innovation enable Sopra Banking Software to support its clients on a daily basis and in their future projects, as well as in their goals regarding financial inclusion. Sopra Banking Software customers, based in over 80 countries around the world, benefit every day from technologies and software, as well as the expertise of 5,000 employees. Sopra Banking Software is a subsidiary of the Sopra Steria Group, a European leader in consulting, digital services and software development.
EASE provides credit unions the ability to focus on their core competencies with seamless access to advancing technology, strict regulatory compliance, and ongoing access to industry, technology, and security experts.
Zeta® is in the business of providing a full-stack, cloud-native, API-first neo-banking platform including a digital core and a payment engine for issuance of credit, debit, and prepaid products that enable legacy banks and new-age fintech institutions to launch modern retail and corporate fintech products. Co-founded by Bhavin Turakhia (CEO) and Ramki Gaddipati (CTO), Zeta currently provides its platform and products to BFSI issuers in India, Asia, and LATAM. Zeta’s products are used by banks like RBL Bank, IDFC First Bank, and Kotak Mahindra Bank, 14000 corporates and over 2 million users. Zeta is a SOC 2, ISO 27001, ISO 9001:2008, PCI DSS certified company. Zeta has over 900 employees and clocks over 1 million transactions per day.
BankMill is a core, centralized banking that allows a bank to conuct its business with its customers along with full MIS reports and internal management tools. . Its features include a centralized database, single application deployment, global employee, and global customers.
BankSmart is a highly scalable, rapidly deployable multi-module core banking solution that is build on cutting edge open technologies to enable and empower financial institutions with their core banking requirements.
Fern Software is an international SaaS FinTech solutions provider incorporated in 1979 with a global presence. We have over 300 sites in 40+ countries, 3 million borrowers and regional offices in Amsterdam, Belfast, Singapore, India and Toronto, with 8 regional reseller partners. We specialise in the development and implementation of digital and core banking systems with supporting modules to Banks, Assets / Fund Management, Digital Lenders, Microfinance institutions (MFI), Credit Unions, Savings and Loans organisations, SME Lenders, Development Banks, Community Development Financial Institutions (CDFI), Social Mortgages and a variety of grant funding agencies ranging in size. Our latest digital banking product – Baytree – is built on the native Salesforce Lightning platform featuring industry leading solutions for lending, portfolio management and customer success with practically limitless third party integrations, automations and artificial intelligence technologies.
CapitalBanker™ from Capital Banking Solutions is a Universal banking solution designed to streamline core banking processes and provide all areas of bank staff with the intuitive tools they need to serve your customers.
Beacon Orbit-Financial Inclusion Business Correspondent Solution (Beacon Orbit-FIBC) is a first-of-its-kind solution custom-built for Co-operative Banks and uniquely conceptualized to act as bridge between the banking service and the common man at their place of work, fields and doorsteps.
Essentia Core Banking is a real-time core banking system that delivers profitability, efficiency, and security. It has features provide customer-driven enhancements, innovative technology solutions, and strict regulatory compliance.
Finacus specializes in payment solutions having a competitive edge in bringing mobility to payment system that enables banks to dish out personalized mobile experiences, cross vendor support services and self service ability Anytime, Anywhere, Anyplace for its end customers across various channels and geographical boundaries. Finacus ensures adherence to compliance needs, constant innovation and robustness with its range of product line.
Flinks is a data-driven technology partner that provides a gateway to the leading Canadian Financial Institutions – covering over 98% of all Canadian accounts.
Integrating Flinks to your Business processes, you get:
• Account Verification (institution, transit and account number)
• ID Verification (full name, civic address, email and phone number)
• Balance Verification (making sure payments clear the user’s account) • Account History Aggregation (up to 365 days of transaction)
• Monthly Security Reports
ICS BANKS provides total financial data management of our client’s customer information. It handles all financial activity for our Banking clients and their customers – either at a customer account level, or at the General Ledger account level.
We Websoftex Software solution Pvt Ltd, Bangalore based Company offers Automated Nidhi Company Software all over India.
Websoftex Nidhi Software is formed to meet your complete Nidhi company Operation process with direction of all experienced people ,who are managing such institution.Nidhi Software is developed by our expert with full data security which is both web and mobile based. It is completely customizable and can implemented with new features.
This Software has excellent banking features such as fixed deposit, recurring deposit, saving account, loan account and extra modules to manage multi branches, multi user and reporting operations.
Before Purchasing our software,we provide free demo so that you can get to know about our software.