Following are the top 5 core banking software platforms in 2016 and their benefits. These platforms are quite popular in US, UK, Asia, Middle East and Canada.

1. 5BEST
COREBANKING
Softwaresin2016andBeyond

2. In lasttwo decades,banking and finance industry has evolved
technologically.Bankshavedeployedtechnology-intensivesolutionsin
allareas of governance,operations,and control.With growing
dependencyofthebankingandfinanceindustryontechnology,there
hasbeenasurgeinthenumberofcompaniesthatprovidespecialized
servicesandsoftwarefortheindustry.Manyreputedandoldcompanies
haverecentlyventuredintothecorebankingsoftwaredomain.
Therehasalsobeenagreatincreaseinthenumberofnewcompanies
whichexclusivelycatertothebankingsoftwaredomain.Ifyouarea
banker,thegoodnewsforyouisthatyouhaveunlimitedsoftware
platformsoptionstochoosefrom anddependingonyourneedyoucan
getcustomizedsolutionsaswell.Theyear2016hasbeenanawesome
yearsofarforthebankingandfinanceasitwitnessedthereleaseand
upgradationofseveralgoodcorebankingsoftware.Let’stakealookat
thethetop5core-bankingsoftwarethatmanagedtostealthelimelightin
2016.
FinacleisapopularcorebanksoftwaredevelopedbyInfosys,anIndian
companywhichisagloballeaderintechnologyservicesandconsulting.
InAugust2015,FinaclebecamepartofEdgeVerveSystemsLimited,a
wholly-ownedsubsidiaryofInfosyswhichdevelopsinnovativesoftware
productsand offersthem on premise orascloud-hosted business
platforms.Finacleis,currently,usedbybanksacross94countriesthat
haveacumulativecustomerbaseofabout848million.

3. Finacle is a comprehensive,integrated,multi-lingual,web-based
modularsoftwaresolutionthataddressesanumberofbanking-related
technologicalrequirementssuchascore-banking,onlinebanking,mobile
banking,payments,treasury,origination,liquiditymanagementand
wealthmanagement.Italsohelpsincustomerrelationshipmanagement
(CRM)and businessdataanalytics.Finacle hasbeen identified by
Forrester,anindependenttechnologyandmarketresearchcompany,asa
long-termlong-term leaderintheindustryforprovidingcomprehensivebanking
functionalities.
Oracle FinancialServicesSoftware Limited,a subsidiary ofOracle
Corporation,isanotherleadingsoftwaresolutionproviderinthebanking
and finance industry.The company’sofferingsinclude customized
solutionsforretailbanking,investmentbanking,corporatebanking,cash
management,trade,treasury,payments,privatewealthmanagement,
assetmanagement,andbusinessanalytics.OracleFinancialServices
SoftwareLimitedhasclientsin145outofthetotal196countriesinthe
world.world.
Differentiatedanduniquecustomerexperience.
Greaterprocessefficiency.
Increasedproductivityoffrontlinestaff.
Reducedprocessingtimeanddataredundancy.
Easyaccountaccess.
Comprehensiveviewofcustomersacrosssolutions.
QuickadaptabilitytochangingeQuickadaptabilitytochangingenvironment.
ThebusinessbenefitsofusingFinacleare:

4. OracleFLEXCUBE,theflagshipcore-bankingsolutionbythecompany,isa
comprehensive,integrated,and modularsolution thathelpsbanks
manageintensecompetition,reducedmargins,andincreasedcustomer
expectationsbysupportingagileandbusinessprocessesmanagement
usingBusinessProcessExecution Language (BPEL),service-oriented
architecture (SOA),and a Web services-based model.A highly
customizablesolution,OracleFLEXCUBEalsoenablesintegrationof
their-partysolutions.their-partysolutions.
Increasedup-sellingandcross-selling.
Increasedflexibilityandinteroperability.
ThebusinessbenefitsofusingOracleFLEXCUBEare:
PolarisConsulting&Services(Polaris),nowknownasVirtusaPolarisafter
itsmergerwithVirtusaCorporation,isanotherIndia-basedleading
technologyplayerinthebankingandfinancialservicesindustry.Inits25
years of existence,Polaris has seen the transformation of the
technologicallandscapeofthebankingandfinanceindustry.Oneof
Polaris’earliestprojectwastheimplementationoftheend-to-endRetail
bankingsolutionforCitiBankIndia.Sincethen,Polarishascomealong
waway.

5. Polaris’IntellectCoreBankingSolutionisawidelypopularcore-banking
solutionusedbyseveralprivateandpublicbanksacrosstheworld.
PolarisIntellectCoreBankingSolutionrankshighoncustomercentricity
andoperationalflexibility.
Acceleratedthetime-to-market.
Enhancedcustomerexperience.
Operationalflexibility.
ThebusinessbenefitsofusingPolaris’IntellectCoreBanking
Solutionare:
Fiserv is a leading financialservices technology company with
approximately13,000clientsworldwide.Ithasbeenpopularinthe
bankingandfinanceindustrybecauseofitsaward-winningsolutionsfor
mobileandonlinebanking,payments,riskmanagement,dataanalytics
andcoreaccountprocessing.Withcore-bankingsolutionsCleartouch®,
DNATM,Precision®,Premier®andSignature®— Fiservcanofferasuite
ofsolutionstomeettheneedsofsmallorbig,domesticorinternational
banks.banks.
Witheasytousesolutionsanduser-friendlyinterface,Fiservisquiteahit
inthebankingdomain.It’smatureservice-orientedarchitecture(SOA)
makesiteasyforthecustomerstointegratetheFiservproductportfolio
andthird-partysystemstocreateacustomizedsolutionexclusivelyfor
theirneeds.

6. Businessagility.
Intuitive,effectivetoolsthatincreaseemployeesatisfaction.
ThebusinessbenefitsofusingFiservCore-bankingSolutionsare:
Completecustomizationoftheinterfaceforbank-specific
workflows,processesanduserprofiles.
Singleintuitiveuserinterfacethatmakesworkprocesssimpler
andshorter.
Comprehensiveviewofthecustomersacrossalltouchpoints.
Fasteremployeelearningcycles.
ThebusinessbenefitsofusingConnectCoreTMare:
IDEALINVENTisaleadingIndiantechnologyproductsandsolutions
company with a focuson the consumerfinancialservicessector.
Establishedin2005,IDEALINVENThasemergedasaleaderinthedomain
inaveryshortspanoftime.ConnectCoreTM isapopularcore-banking
softwaredevelopedbyIDEALINVENT.Itallowstheclientstochoosetheir
owninfrastructureplatform andworkwithlicensedaswellasopen
sourceapplicationservers,databasesandbrowsers.
ConnectCoreTMallowscustomizationallthewaytothedatabaseobject
level.TheuniquesellingpointforConnectCore™hasbeenitsabilityto
extendbeyondmakingthebusinessofferingsaccessibletotheback
office system,and arranging them on allservicing channelsin a
user-friendlymanner.Anynewlycreatedbusinessofferingscanalsobe
seamlessly provided to the clientalready using the software by
integratedchannelsolutionsthroughtheirpublishedAPIcatalogues.

7. Apartfrom the5core-bankingsoftwarementionedabove,theother5
core-bankingsoftwarethatmanagedtosetanameforthemselvesinthe
bankingandfinanceindustryin2016sofarareTCSBancsfrom TCS
FinancialSolutions,T24corebankingsystem from Temenos,Avaloq
Banking Suite from Avaloq,Core-banking solutions from FIS and
SilverlakeAxisIntegratedBankingSolutionfromSilverlakeAxis.

8. VISITAT
http://www.enterpriseedges.com