Popular Banking Software Products
Banking Software products are advanced financially oriented software solutions available to banks for optimum utilization of their information technology infrastructure. Banking software products provide the banks an ability to integrate every service on offer by the bank on a single managed platform. The most important thing to be considered while choosing the best from the myriad of banking software products available in the market today, are security and stability of the software. Banks deal with crucial financial information. This makes it necessary for the banks to ensure that all the data that they have is secure and available all the time. Most common banking software products focus on providing these features. The most popular banking software products available are Macrobank4 from Moscow's Canopus Software Laboratory Ltd., CyberBank from Technisys, Prospero from Switzerland's Sage SA and SWIFT Bank Payments Suite from Datamation's Payment Components.
Macrobank4 from Canopus Software Lab is one of the best banking software products available. Not only is the software highly modular, its pricing policy also puts other banking software products to shame. One only has to pay for whatever modules he wants to use. If the bank wants just the bare necessities, the Macrobank4 basic package can be licensed for a very low price. Bank can then upgrade for more options by licensing the Macrobank4 full version. Macrobank4 is meant to run on a Windows based client-server architecture and provides integrated work flow manager which simplifies all intra-bank and inter-bank communications and transactions. Prospero from Sage SA claims to be the banking and wealth management system. Just like all other banking software products, Prospero has a modular architecture and there are modules available for areas ranging from asset management, to front office and banking specific areas like core banking, trust administration and Credit Risk Management. While Prospero claims to be one of the banking software products, it is certainly much more than that. It provides a comprehensive solution for a bank to manage almost all aspects of their banking as well as support operations. CyberBank from Technisys is not any other tightly integrated banking software product, rather it is a collection of banking software products rolled in one solution which Technisys calls the CyberBank Multi-Channel Suite. Instead of being a single modular product, CyberBank is a family, a modular set of banking software products. The unique features of CyberBank are portfolio manager and integrated web mail support for customers who have overdraft, credit card bills and so on. SWIFT Bank Payments Suite is one of those banking software products, which are both a stand-alone product as well as a part of payment components SOA compatible infrastructure. It is only recommended that of all the business software products available, an organization choose this one if they already have SWIFT-messaging systems deployed in the bank. |