How We Chose the Best Banking Systems Software
Understanding your choices in banking software systems can be overwhelming. We evaluated these companies on the types of banking they support, banking features they provide, and reporting functions.
Types of Banking
With so many differing financial institutions, it’s important to match banking software with the organization. Preferably, it should work with private banking and retail banking. With today’s massive and still-growing use of the internet and mobile devices, support for online banking is also a must. Corporate and enterprise banking is a plus for some.
At a minimum, your core banking software should manage transactions, handle deposits and withdrawals, and calculate interest. Other important features to look for are credit card management, securities management, payments processing, loans management and disbursal, and accounts management. Some banking software systems don’t cover all of these features directly. However, they support software integrations with other providers that meet these criteria.
Versatile report functions measure business performance and the efficiency of the banking software system. Functionality, customization, analytics, export options, and automation are a few of the key characteristics to consider.