What are the best software products used in the banking industry?
I want to know a list of recommended software products used in the banking sector that addresses a bank's core banking needs and helps manage evolving customer expectations. Please list out the applications (such as Finacle, Flexcube) and include if there are any challenges that banks and financial organizations may encounter while implementing.
There is multiple software that banks use to perform their core operations ranging from enhancement in backend technologies to improvement in customer services. For instance, banks use voice chat software for customer support and Identity verification software to fulfil KYC/AML regulatory compliance and fraud prevention. Some of the common software that banks use are Oracle Flexcube, Q2ebanking, StrandsBFM, Finacle, etc.
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Banking software is enterprise software that is used by the banking industry to provide and manage the financial products they provide.
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