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Banking Softwares

Oracle Financial Services Software Limited is a leading provider of banking software solutions to over 900 customers in 145 countries. Some of their major products include the Oracle FLEXCUBE Core Banking suite and the Oracle Banking Product suite. Other prominent banking software providers mentioned include Rapport software, Misys, Finacle from Infosys, Accenture, Sopra Banking Software, Cyclos and Sophis. Indian Overseas Bank uses an in-house developed software for its over 2650 branches. VisionPLUS from First Data Corporation is another core banking software used globally to process credit, debit and prepaid card transactions.

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0% found this document useful (0 votes)
316 views3 pages

Banking Softwares

Oracle Financial Services Software Limited is a leading provider of banking software solutions to over 900 customers in 145 countries. Some of their major products include the Oracle FLEXCUBE Core Banking suite and the Oracle Banking Product suite. Other prominent banking software providers mentioned include Rapport software, Misys, Finacle from Infosys, Accenture, Sopra Banking Software, Cyclos and Sophis. Indian Overseas Bank uses an in-house developed software for its over 2650 branches. VisionPLUS from First Data Corporation is another core banking software used globally to process credit, debit and prepaid card transactions.

Uploaded by

sri3680
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© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Latest Softwares in Banks

Oracle Financial Services Software Limited (formerly called i-flex Solutions Limited BSE: 532466) is a
subsidiary of Oracle Corporation. It is an IT solution provider to the banking industry. It claims to have more than 900 customers in over 145 countries.
[2]

Oracle Financial Services Software Limited is ranked No. 9 in IT companies of India and overall ranked No.
[3]

253 inFortune India 500 list in 2011.

Oracle FLEXCUBE Universal Banking Suites

Oracle Banking Product Oracle FLEXCUBE Core Banking Oracle FLEXCUBE Universal Banking Oracle FLEXCUBE Investor Servicing Oracle FLEXCUBE Private Banking Oracle FLEXCUBE Lending and Leasing Oracle FLEXCUBE Islamic Banking Oracle FLEXCUBE Direct Banking- Internet, Mobile, SMS and WAP Oracle FLEXCUBE Messaging Hub Oracle FLEXCUBE Remit Oracle FLEXCUBE Enterprise Limits and Collateral Management

Rapport software
Trusteer Rapport is security software designed to protect confidential data, such as account credentials, from being stolen by malicious software (malware) and via phishing. To achieve this goal, the software first includes anti-phishing measures to protect against misdirection and attempts to prevent malicious screen scraping. The software is compatible with Microsoft Windows and Mac OS X and can be downloaded free of charge. Financial institutions offer the software free of charge with a view to making online banking safer for customers.[5][6

Misys plc is a British multinational software company headquartered in London. It specialises in software for banking and
investment businesses. Formerly listed on the London Stock Exchange and a constituent of the FTSE 250 Index, Misys was acquired by the private equity firm Vista Equity Partners in June 2012. Misys Banking is the specialist banking solutions business within Misys plc with a customer base across retail banking, corporate and wholesale banking.

Midas is a line of banking system solutions provided by Misys corporation.

Finacle
Finacle is a core banking software package developed by Infosys, designed to address various retail banking requirements. The Finacle system is one of the major packages in the arena of core banking in Indian and Asian banking domains.

Products
The Finacle system allows banks to provide a number of products and services to its clients and operate internal process. These include:

Core Banking e-Banking Mobile Banking Digital Commerce Treasury Wealth Management Direct Banking Islamic Banking CRM Operational Data Store Mobile Bank-in-a-Box Core Banking for Regional Rural Banks Payments

Accenture Software for Banking helps banks drive efficiency, profitability and connected
customer experiences across channels with flexible software solutions.Accenture has Launched Customer Insight Software Solution to Help Banks Increase Sales and Efficiencies in 2012 .

Nucleus Software [Global Banking Products & Solutions Provider]

A leading global banking software powerhouse providing innovative and pioneering products and software solutions since 1986. Our core competence is wholly focused on banking and financial services spanning across solutions in the areas of Retail & Corporate Banking, Cash Management, Relationship Banking, Financial CRM, Credit Risk & Appraisal, EAI, Internet Banking, FX, Basel II, Data warehousing and Analytics

Sopra Banking Software is a global leader in software and IT services for banks and financial institutions. Its solutions help over 500 customers in 70 countries be more efficient, agile and responsive to business challenges. The market has long recognized the company's constituent parts - Sopra Group's financial software business, Callata & Wouters, Delta Informatique and Tieto Financial Services UK - as solid players with a wide range of proven products. Worldwide, Sopra Banking Software employs 1,700 skilled experts. The company is a subsidiary of the Sopra Group a leader in consulting, IT services and software development in Europe which employs more than 15,000 people and generated a turnover of 1.217 billion euro in 2012.

Cyclos is open source online banking software for Microfinance institutions, local banks (in developing countries) and complementary currency systems like LETS, Barter networks andTime banks.[2] Cyclos has the following functionality:

Online banking tools; E-commerce platform; Business directory; Referrals and transaction qualifications; Messaging and notification system; Call/support center logging; Integrated management information system;

Cyclos can be accessed through the web but also supports mobile phones (WAP/SMS) and POS (Point Of Sale) devices. Enabling sms and card payments.[4] TagPay is a mobile money platform created by the French company Tagattitude. This software is used by banks, telecom
operators, and other players to offer mobile money services to their clients. TagPay uses sound-based near sound data transfer (NSDT) technology to secure electronic transactions. TagPay's target markets are in emerging economies where populations are un-banked and secure payment systems are needed.[1] Mobile money services available on high and low end mobile phones are becoming increasingly powerful tools in the developing world where cell phones are more common than bank accounts. [2

Sophis is an international information technology company, providing software systems to financial institutions. The company
develops software solutions for the requirements of investment banks, asset managers, family offices, hedge funds, corporates and insurances . The solutions mainly support portfolio and risk management.

Indian Overseas Bank (IOB) (BSE: 532388) is a major bank based in Chennai (Madras), with more than 2650 domestic
branches, 3 extension counters and six branches overseas as of 31.03.2012. Indian Overseas Bank has an ISO certified in-house Information Technology department, which has developed the software that 2650 branches use to provide online banking to customers; the bank has achieved 100% networking status as well as 100% CBS status for its branches. IOB also has a network of about 1433 ATMs all over India and IOB's International VISA Debit Card is accepted at all ATMs belonging to the Cash Tree and NFS networks. IOB offers internet Banking (E-See Banking) & Mobile Banking and is one of the banks that the Govt. of India has approved for online payment of taxes.The bank's business more than doubled in the last four years. The net profit for the year ended March 31, 2012 stood at Rs 1,050.13 crore. Total income stood at Rs 19,578.13 crore as against Rs 13,326.56 crore registered during the same period last financial year.For the full year, the total business grew by 24 per cent to Rs 3,21,707 crore from Rs 2,59,020 crore.IOB has planned to achieve total business of Rs 3,85,000 crore to Rs 4,00,000 lakh crore this fisca

VisionPLUS is a financial software application from First Data Corporation. Originally developed by the Paysys Research and
Development Group, this application is mainly used for credit card transaction processing by multinational banks and transaction processing companies. Various banks and financial institutions use this software application to store and process credit card, debit card, prepaid, closed end loan accounts and process financial transactions (Visa, Mastercard, American Express, Europay, private label transactions) against those accounts. The rough estimate of number of cards processed on different versions of this application software around the world is 350 million.

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