Digital banking vendors deliver solutions for today’s banks and credit unions. This includes omni-channel customer engagement, financial technology, and back-office integrations. Banks that choose these vendors have the opportunity to offer a compelling and engaging customer experience that keeps up with a diverse and growing audience.
Some of the leading digital banking vendors in the industry include:
Oracle FLEXCUBE (600+ retail bank solutions around the world)
Oracle offers universal banking software that combines front-to-back capabilities to deliver a next-generation digital customer experience. This platform can be customized to meet a range of bank needs, allowing knowledge workers to create and launch new products faster.
Mambu (150+ banks and fintech companies)
Mambu is a cloud-based core banking software provider that lets companies rapidly build, integrate, and service any lending portfolio into any market. Its scalable SaaS engine can be used to replace costly and complex traditional core banking systems.
Nymbus (80+ bank clients)
Nymbus provides digital customer engagement, analytics, and back-office integrations for banks looking to create a digital banking experience that impacts more than 90 million end customers daily. The company’s expertise in digital customer experience management and rapid implementation place it among the top digital banking vendors.
Dais Software (600+ banks in Central and Eastern Europe)
Dais Software develops e-commerce and mobile apps for the financial industry. Its technology is based on a Web content management framework with security, messaging and system interoperability components.
Obopay (300+ banks)
Obopay is a digital banking solution that allows customers to access their accounts from a mobile phone or a computer. Its offerings include P2P payments, loyalty schemes, membership cards and international remittance and savings.
Digital banking platforms require a high level of security. The platforms should have multiple layers of protection including multi-factor authentication and advanced encryption. Ideally, these should be integrated into the app itself.
Compliance: The digital banking platform you choose should be compliant with government regulations and have a reputation for providing quality, secure services. Also, be sure that it has a strong customer service component and can answer questions quickly.
Third-party apps: Many of the best digital banking platforms are designed and maintained by third-party companies. This option can save you money by avoiding the need to hire a team of information technology professionals, such as developers, programmers and designers.
In addition, a third-party app vendor can ensure that the digital banking app you choose meets the regulatory standards your institution requires. These organizations can also work with you to customize the app to fit your specific needs.
CSI NuPoint: The CSI NuPoint platform enables banks and credit unions to manage all their business functions, from loan origination to fraud detection and risk, customer engagement, transaction processing and data management, at a lower cost than using in-house software solutions. The platform also offers a true SOA architecture that simplifies implementation, integration and operation.
Digital banking platforms are an essential part of the banking and credit union industry, and are quickly becoming the way that people and businesses handle their financial needs. This is due in part to the emergence of new technologies that allow consumers to perform their everyday banking tasks from anywhere and on any device. With this increased adoption, many traditional banks and credit unions are turning to digital banking platforms to stay competitive and offer customers a better overall experience.