Find Best Online Banking Software for Your Business

Online Banking Software:

Online Banking Software is a software that is used by financial institutions to provide a secure internet portal for core banking, treasury, wealth management, consumer and corporate e-banking, and more to their customers.

Features and Benefits of Online Banking Software:

The Online Banking Software has several features that can benefit the user in many ways to grow their business. Some of these include:

• Banks can deliver innovative and consistent retail, corporate and private banking services on the front end by using this software.
• The integrity of its systems environment with the back-end systems can be maintained.
• Revenues can be increased and fraud, affordably can be reduced. Fraud in real time can be detected by combining AI and deep learning, collective intelligence, rules-based decision engines, and streaming analytics.
• An easier way can be provided to do all the financial transactions through the bank's website. Assistance can be provided to their customers as per their convenience as they can perform all the banking requirements online.
• Retail banking, corporate banking and customer portals can be facilitated.
• The day to day activities of the banks like fund transfers, account summary, bill payments and other financial assistance can be facilitated in more real time basis.
• The software can be integrated with any of the core banking solutions and turnaround time and costs can be reduced.
• Financial transactions as well as non-financial transactions are supported by the software.
• The software helps in customer retention, real-time access, omni-channel presence, seamless integration with other core banking solution and value-added services.
• Turnaround time and costs can be reduced by using this software.
• A 360-degree view customized dashboards can be provided.
• A frictionless, personalized and secure banking experiences can be created to increase customer satisfaction.
• Actionable customer insights can be provided by using data analytics, AI and smart banking capabilities.
• Stronger customer engagement and loyalty can be drived through a multi-channel strategy from native mobile apps, web apps, branch to advanced interfaces like conversational banking and wearable devices.
• The connectivity to any core banking system can be simplified and changes can be implemented fast while application development time and costs can be managed.
• The complexity of day-to-day banking activities can be removed and people are in control of their financial lives as the software provides a complete digital platform for retail banks covering the entire customer lifecycle delivering digital applications and outstanding customer experiences across every channel.
• The complexity of business banking can be removed as the SME owners are enabled to focus on running their business and fulfilling their entrepreneurial dreams.
• Onboarding, entitlements and account servicing for commercial accounts can be simplified. Agility for both client and banker can be created, in applications including treasury, cash management, currency, regulatory and business services.
• Conversions can be increased, more customers can be captured and digital revenue can be drived by creating outstanding customer experiences to raise customer satisfaction.
• The software uses APIs to support multiple vendor cores and internally built systems.
• The software can be elastically scaled up and down as required by the varying volumes of concurrent users while allowing for efficient and resilient operation.
• The separation of client phrasing application of back end systems is allowed which help increasing agility and speeding time to market for apps built both by financial institutions themselves
• Rapid app building is supported by delivering an extensive set of reusable front-end objects that can be used by financial institutions themselves.

Who uses Online Banking Software

• Individual Customers
• Small and Medium-Sized Businesses (SMBs)
• Large Corporations
• Financial Institutions (Banks and Credit Unions)
• Government and Public Sector
• Nonprofit Organizations
• Treasury Departments
• Wealth Management Firms
• Corporate Finance Teams
• Individual Investors

With which software does Online Banking Software integrate?

• Accounting Software
• Payment Gateways
• Customer Relationship Management (CRM) Software
• Mobile Banking Apps
• Third-Party APIs
• Security Software
• Core Banking Systems
• Loan Origination Software
• Payment Processors
• Data Analytics and Business Intelligence Tools

Types of online banking software

• Retail Online Banking Software
• Corporate Online Banking Software
• Mobile Banking Apps
• Internet Banking Software
• Core Banking Systems
• Digital Wallets
• Personal Financial Management (PFM) Software
• Cryptocurrency Wallets
• Open Banking Platforms
• Payment Gateways