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What is Banking Software?

Banking institutions are racing to introduce software solutions into their business processes. Reasons why range from creating a more efficient working infrastructure to a better user experience. Like all other industries, financial companies are also undergoing rapid digitization due to our increased reliance on mobile devices and internet-based technologies. Customers these days are increasingly unwilling to wait in line at banks to pay their bills, withdraw money from their bank accounts, or make transactions to other accounts. Most of these financial procedures are now automated through software technologies and thus make the customer’s experience simple and fast. Banking software development is a process of automating the financial and banking practices so that users and staff can avail themselves of the financial services that they need, anywhere and anytime, through online banking platforms. Technologies like AI, Big data, and DevOps, are the backbone of the latest technologies that allow developers to build high-quality custom banking software. Mobile banking is now more popular than internet banking thanks to the popularity of mobile device usage.

Our Banking & Financial Software Solutions

We develop enterprise technology solutions for banks, financial institutions, and intermediaries such as commercial banks, investment banks, stockbrokers, pooled investment funds, and stock exchanges. Our custom software helps bridge the gap between the experiences banks offer now, and what they can offer through digital technology.

Custom Banking Software

Our cutting-edge software solutions for financial institutions are designed to address the growing industry needs. We develop banking platforms with API-first functionality to put the banking and financial companies in control and adopt new products along with managing regulatory demands with simplicity.

Mobile Banking Software

Our mobile banking solutions enable banks to provide their customers anytime internet banking access from anywhere with flexibility, higher performance, and great user experience (UX). We design highly secure and easy-to-use mobile banking applications that every customer expects.

Payments & Billing Solutions

We build intelligent, interactive, and intuitive digital bill payment solutions that enable banking consumers to view and pay bills with ease. We develop large electronic bill delivery networks based on deep insights and analysis on the latest trends.

Peer-to-Peer (P2P) Lending and Crowdfunding Software

Our cutting-edge alternative finance solutions such as Peer-to-Peer (P2P) lending, crowdfunding, marketplace lending, Online Platform-based Business lending, and invoice trading enable banking companies to extend loan services to the right beneficiaries.

Compliance and Risk Management Solutions

Our intelligent and world-class compliance and risk management solutions help banking and financial entities intelligently assess compliance risks. Our solutions help effectively respond to regulatory requirements, restrict external sharing of sensitive data and view and manage potential insider risks.

Investment Portfolio Management Software

Our experienced developers create and implement custom portfolio management solutions that help optimize resource utilization and streamline day-to-day business processes. We also integrate with comprehensive asset management modules, and trade expense reduction algorithms.

Loan Management Software

We provide a unified platform to manage the entire loan operations. Our loan management software is designed to handle the entire loan life-cycle from loan origination, to management and collections. We help bank scale rapidly while reducing costs.

Trading Platform Software Development

We develop custom trading platform software solutions for traders, asset managers, investment agencies, trust funds, financial intermediaries, and banks. Our proprietary platforms enable real-time transaction processing, market monitoring, and more.

Blockchain Solutions for Banking & Financial Services

We develop and integrate blockchain solutions to empower enterprises to build a next-gen decentralized digital economy. Our gamut of services includes Distributed Application Development (DApp), crypto wallet development, enterprise-grade blockchain application development, and more.

Fraud Detection Systems

We modernize banks and help them fight against financial crime. Our solutions allow banks to innovate and reduce losses with early detection and enable proactive monitoring to respond to new criminal topologies. Our cutting-edge fraud detection systems are designed to safeguard revenue, and resources.

ATM & Self-Service Banking Solutions

Our ATM software transforms the banking experience of end customers by allowing them to accomplish more in less time through the self-service channel. Our solutions enable the banking companies to deliver future-proof banking services by automating dispense and deposit transactions at the ATM.

Branch Transformation and Phygital Banking

Our future-ready solutions enable the banks to reimagine their branch experiences by blending the physical and digital banking channels to create a phygital bank. We partner with modern banks to take the phygital leap with branch transformation solutions to deliver modern and innovative services and drive loyalty at a lower cost point.

Frequently Asked Questions

Some of the latest features gaining popularity in digital banking applications include Peer-to-peer (P2P) payments, Robo advisors for offering financial advice in place of a human, personalized digital insurance (bancassurance), etc.

The banking software industry heavily relies on .Net, Python, Ruby, and Java. Oracle is the most used database technology by the banking sector.

The digital era today makes it compulsory for financial businesses to streamline their processes through online banking software. Integration with bank accounts and a real-time transaction processing facility is crucial today to gain customer satisfaction, and ultimately, build a loyal customer base.