Sector Experienced Consultants.
Clients in the banking sector often express a preference to engage ERP Consultants with banking sector experience. A deep knowledge or understanding of a banking organizations' operations, business processes, industry practices or compliance requirements that are specific to the banking sector can be immensely valuable and save significant time when designing and implementing ERP solutions.
Deep Market Knowledge.
As a specialist ERP staffing & consulting firm serving the banking sector we continually keep track of ERP trends across the industry. Monitoring which ERP systems are being utilized by banks and the ERP initiatives they are investing their resources in, enables us to offer our clients deep insight into market trends and how banks are optimizing their ERP systems to meet their needs.
ERP Systems for the Banking Sector
The banking industry often utilizes a combination of specialized banking software and core banking systems to manage their operations. While there are ERP elements in banking, the core banking systems are more specific to the industry's needs. These systems are designed to handle tasks such as customer accounts, transactions, loans, and compliance. Here are some of the widely used core banking systems and banking software in the industry:
FIS Core Banking Solutions (FIS Global): FIS offers a range of core banking solutions, including Profile, which is widely used in the banking industry. It covers various aspects of banking operations, including deposits, loans, and customer relationship management.
Fiserv DNA: Fiserv provides DNA, a flexible and modern core banking platform used by many financial institutions. It supports a variety of banking products and services.
Temenos T24 Transact: Temenos T24 Transact is a widely used core banking system known for its flexibility and scalability. It supports various banking functions, including retail, corporate, and Islamic banking.
Infosys Finacle: Finacle, developed by Infosys, is a popular core banking solution used by banks globally. It covers areas such as online banking, mobile banking, and analytics.
Oracle Financial Services Analytical Applications (OFSAA): Oracle's OFSAA provides a comprehensive suite of applications for risk management, compliance, and financial performance analytics in the banking sector.
Jack Henry & Associates (JHA) SilverLake: SilverLake is a core banking solution provided by JHA. It is used by many community banks and credit unions, offering various banking functionalities.
NCR Digital Banking: NCR provides digital banking solutions that encompass online and mobile banking, allowing banks to offer a seamless digital experience to their customers.
TCS BaNCS: Tata Consultancy Services (TCS) offers the BaNCS suite, a comprehensive solution covering core banking, payments, and channels for various financial institutions.
