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
Portfolio Plus integrates with CANNEX enabling you to manage each stage of the term deposit broker purchasing cycle.
Rubikon can be a complete universal banking system or a series of modular applications/ services to cater the specific needs of your business. Rubikon offers an integrated range of solutions that increase efficiency, customer loyalty and help banks thrive in the digital world.
TurnKey Lender is a global ULM (Unified Lending Management) leader. The company designs and develops intelligent award-winning software products that automate the entire lending process. The solution’s capabilities cover traditional and alternative lending, SME financing, grant management, money lending, leasing, trade finance, in-house financing, and more. TurnKey Lender serves customers in 50+ countries, and the list keeps growing. As a pioneer in the development of AI software for lenders, TurnKey Lender is quickly gaining traction within regions like the United States, APAC, and the EU. All types of lenders are already using the company’s solutions ranging from large/mid-size banks, digital lenders, and multi-finance companies to trade finance operators, traditional and non-traditional lenders, and telecoms. Reach out and request a free personalized demo from the TurnKey Lender team.
Websoftex Core Banking is a powerful Online web based and windows based GUI based application integrated with core banking system designed to take care of all aspects of your societies business with utmost care.
We help lenders, brokers and FinTechs grow sales faster by delivering an instant picture of a customers’ financial position, so you can process loans in minutes – not weeks, without comprising on credit quality. XAI was built by lenders for lenders, so you can move as fast as a fintech, with the experience of a bank.
BankiFi is a technology platform designed to make business banking better, enabling banks to provide a set of integrated services – accounting, invoicing and payments – designed around the processes your customers use to run their business. We equip banks to become customer centric, rather than product centric – increasing your revenues and reducing costs while allowing your business customers to thrive.
Comprehensive transaction management system, dedicated to fintechs,
challenger banks and neo banks. BOS is based
on microservices architecture, ensuring
therefore maximum scalability and
CoreBank is an integral and modular core banking system that represents a strategic tool for bankers.CoreBank is a technology based on the model and organization of a modern, dynamic and flexible bank.
International Private Banking Systems (IPBS) is a broad spectrum solution provider of wealth management for international financial services institutions. IPBS is highly automated functionally and ensures maximum efficiency and cost effective operations by taking a single source transaction and automatically updating all relevant positions across the enterprise.
ITadvise’s Multi-Banking helps you organize and speed up your banking experience by connecting your Business Central system to your banks. Turn your ERP into a multi-banking manager and manage all your banking-related tasks in one software. Refine and simplify treasury operations and automatize highly manual tasks.
Advapay is a technology company providing the Digital Core Banking platform to empower fintech clients or digital banks to start their businesses and accelerate digital transformation. The platform delivers all essential functionalities, a back-to-front system and a set of tools to customise and bring new integrations. With Advapay, potential and existing customers can connect either to the cloud-based SaaS or on-premise software, or purchase software codes. Besides the technical infrastructure, the company provides business advisory and fintech licensing services.
TenureX is an innovative platform that frees financial institutions from the constraints of bilateral relationship-based banking by enabling them to seamlessly and confidently cooperate, one transaction at a time.
Our vision is to democratize correspondent banking by driving a shift from subjective, rigid, bilateral-based to objective, streamlined, multilateral transaction-based relationships.
Union.core helps financial service providers improve market reach and service quality, increase profitability through process efficiency and improve corporate governance by providing a standard approach and deep insights.
Universa is Smart Solution’s preeminent, integrated, enterprise banking system. Universa. It is also an integrated customer relationship management (CRM) and supports third party interfaces such as Automated Teller Machines (ATM) and Point of Sale (POS) interfaces.
Naqoda Banking Platform has applications up and running in minutes, can easily adapt to meet users needs, and built using a micro-services architecture. The Naqoda Banking Platform has been designed to keep up with your requirements in the years to come.
Apex Banking System is a comprehensive solution for the integral processing of all operations in a financial organization. Apex Banking System includes an accounting system that complies with all accounting and compliance reporting standards.
Savings Plus is a Banking software that handles banking transactions (deposits, withdrawals), loans, and many other records for Microfinance (MFIs), Village Banks, Wholesale Microfinance Institutions (MFIs), Savings and Credit Co-Operatives (SACCOS) of any size.