Aviva Directory » Computers & Internet » Software » Business » Industry-Specific » Banking

The focus of this guide is on software designed for use by the banking industry.

In retail banking, banking software generally refers to the core banking software that allows the retail bank to connect to other modular software, as well as to the interbank networks. Within the investment banking industry, it is usually a reference to the trading software used to access capital markets.

Retail (commercial) banks use software that allows customers to conduct banking transactions from any branch of their bank, not restricting them to doing business with their home branch. The bank's databases may also connect to other channels, including Internet banking, ATMs, SMS (mobile) banking, and payment networks.

Investment banks depend on software to manage their trading desks and accountant services, as well as such financial markets as securities exchanges and third-party providers of financial data

Credit unions and savings and loan companies utilize software in much the same way as commercial banks.

Whatever the task, banking software is intended to assist banking institutions with their core banking operations, tasks, and management. Hundreds of banking applications have been developed to suit the needs of various types of financial institutions, and much of this is customized to meet the specific requirements of the institutions.

Whatever the application, the targeted financial institution, or the specific purpose, any software designed to serve the needs of banks, credit unions, savings and loan organizations, or other financial institutions is appropriate for inclusion in this category.

Software designed for home banking, bookkeeping, or accounting would be more appropriately listed in the Accounting & Bookkeeping category, however.



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