Which one is the major software used in banks?
Indian banks mainly used FINACLE and FLEX CUBE. Some govt banks uses TCS Core banking solution.
But FINCALE mostly used in PRIVATE as well as govt banks like PNB,AXIS,PAYTM PAYMENTS BANK,PUNJAB AND SINGH BANK,AIRTEL PAYMENTS BANK.
BANKING COMPANIES use sofware like finacle provided by infosys along with its ebanking solution feba. The transactions happen in CBS while feba is connected to it. Mobile banking solution by fss called mPay is most popular among mbanking solutions.
Hi, So far as your query is concerned that Which one is the major software used in banks? Let me first inform you that Banking software is enterprise software that is used by the banking industry. Typically banking software refers to Core Banking Software and its interfaces that allows commercial banks to connect to other modular software and to the inter-bank networks. It can also refer to the trading software used by investment banks to access capital markets. In India, the most commonly used software in banks is Finacle. While in abroad Bloomberg is privately held financial software. With the help of these software companies, there is efficiency and proper management of transactions both in the front and back offices of the banking firms and other financial institutions. This in turn has a big impact on the consumers, making the process of banking run much more smoothly and quickly. So to answer to your query that Which one is the major software used in banks, then the anwer is Finacle in India and Bloomberg world wide. Thanks & Regards,