Here is your one-stop guide to the top banking software platforms in 2024. We'll break down each platform's key features, empowering you to make informed decisions and find the perfect fit to propel your bank or financial institution forward.

Spoiler alert: There’s no magic wand, but this guide is the next best thing. 

The banking industry is evolving quickly. Customers expect a smooth and convenient banking experience online and through their phones. 

Whether you're a traditional bank or a growing fintech startup, expanding your reach and services through innovative software solutions is crucial for success. But navigating the crowded landscape of banking software platforms can feel overwhelming. 

If you want to build a digital banking platform but are feeling lost in a sea of acronyms and technical jargon — we’ve got you covered.

The 10 Best Banking Software Platforms in 2024

1. Blaze.tech
2. Oracle Banking Platform
3. FIS Global
4. Temenos
5. Finastra
6. SAP for Banking
7. Apex Banking System
8. Capital Banking Solutions
9. EBANQ
10. Creatio

1) Blaze.tech

Blaze offers an alternative approach through its no-code application development platform. It empowers users to build complex applications without writing a single line of code. 

However, not everyone has the in-house tech skills to handle the initial setup and development, even if the software is user-friendly. That's why we've got an implementation team ready to help you get up and running.

This team works collaboratively with clients to understand their unique banking needs and translate them into a functional first version of their application. This initial version can be further customized and expanded upon using the Blaze platform, even by users with limited technical experience.

Key Features

• Drag-and-drop interface: Blaze utilizes a drag-and-drop interface designed to streamline development, leading to faster creation times for core functionalities and integrations than traditional coding methods.
  
  
• 2FA, SSO, & security features: Blaze offers built-in security features for banking applications handling sensitive financial data. Additionally, features like 2FA, single sign-on, and automatic audit logs aim to provide a secure environment.
  
  
• Integration capabilities: Blaze integrates with various tools and databases through out-of-the-box and custom integrations. This includes support for any REST API, potentially allowing your banking app to connect with existing financial systems and workflows.
  
  
• Customization options: Blaze offers a balance between user and developer control. Teams can manage basic updates and modifications, while Blaze provides expert support for complex functionalities. This may allow for tailoring the app to specific banking needs.
  
  
• Workflow automation: Blaze's workflow builder allows the automation of repetitive tasks, triggering notifications, and performing calculations. This could potentially streamline banking processes and improve operational efficiency.
  
  
• Pre-built banking components: Blaze offers pre-made components specifically designed for financial applications. This could potentially save development time compared to building everything from scratch.

2) Oracle Banking Platform

The Oracle Banking Platform simplifies banking technology, cuts costs, and encourages innovation. It helps banks gradually improve their operations, streamline processes, adopt new distribution strategies, and implement essential features from their core systems.

Key Features

• Flexibility: OBP boasts a modular, component-based architecture. This allows for high configurability and diverse deployment options (cloud, on-premise, hybrid), making it adaptable to various bank sizes and needs.

• Deployment flexibility: The component-based design with open, standards-based middleware offers high configurability and flexible deployment options.
  
  
• Operational efficiency: OBP lets you manage multiple brands, entities, currencies, languages, and time zones from a single banking platform, ensuring seamless operations across diverse markets.
  
  
• Strategic transformation: Oracle Banking Platform reduces the risk associated with large-scale system overhauls and allows for a phased approach to modernization.
  
  
• Business process architecture: The platform includes predefined workflows based on industry best practices, allowing institutions to leverage industry-standard processes.
  
  
• Comprehensive coverage: OBP allows banks to manage a broad range of loan and deposit products, including in-house and third-party offerings. Additionally, it enables product bundling and customized pricing, giving banks greater flexibility to cater to diverse customer segments.

3) FIS Global

FIS Global is a big name in financial technology, providing various solutions for retail and investment banking institutions. With over 50 years of experience, they develop innovative technology that modernizes businesses and enhances customer experiences.

Key Features

• Comprehensive financial services: FIS offers a variety of products for retail and investment banking. Its core banking application profile, is built on the open-source GT.M database, known for its scalability and transaction processing.
  
  
• Advanced payment solutions: FIS connects merchants, banks, and capital markets to enable secure and seamless payment experiences. Its vast network, with over a million merchant locations, highlights its strong payment infrastructure.
  
  
• Automated investment management: FIS provides tools for automating trading processes, managing investment portfolios, and accounting for investment assets. These solutions help institutions streamline investment operations and reduce costs.

• Security & user experience: FIS prioritizes secure and user-friendly experiences for payments, banking, and investments. Their focus on user experience is a significant advantage for software providers looking to stand out.

4) Temenos

Temenos is a global leader in banking software, providing comprehensive solutions to help banks of all sizes streamline operations and deliver top-notch customer experiences. Known for its innovative technology and flexible platform, Temenos supports everything from core banking to digital banking and wealth management.

Key Features

• Cloud-native platform: Temenos offers a cloud-native platform that handles both core and digital banking functionalities. This enables rapid development and deployment of new banking products.

• Explainable AI: Temenos integrates Explainable AI to offer personalized services and recommendations. This is great for software providers looking to add explainable AI features to their solutions.
  
  
• Open API architecture: The platform uses an open API architecture, making it easy to integrate with third-party fintech applications. This enhances flexibility and adaptability within the banking ecosystem.
  
  
• Scalable and cost-effective solution: Temenos aims to be scalable and cost-effective, covering core banking, payments, digital banking, onboarding, and origination. This makes it suitable for banks looking to grow without incurring excessive costs.
  
  
• Smart banking advisor: Temenos includes an AI-powered Smart Banking Advisor that provides a comprehensive 360° customer view. This feature helps deliver personalized advice and insights to customers.
  
  
• Banking-as-a-Service (BaaS): Temenos offers a SaaS platform for BaaS, allowing banks and non-banks to provide embedded financial services. This creates opportunities to generate new revenue streams.

5) Finastra

Finastra helps financial institutions with top-notch software solutions for lending, payments, treasury and capital markets, and universal banking.

Key Features

• Lending solutions: Finastra provides tools for managing different loan types, such as syndicated, commercial, consumer, and mortgage loans. They focus on smoothing the borrowing process from the initial application to back-office tasks.
  
  
• Payments platform: Their payment processing system is scalable and adaptable. It uses cloud technology and open APIs to simplify the integration and consolidation of payment operations.
  
  
• Treasury and capital markets: Finastra offers tools for managing performance and risk in these areas. Their unified platform helps with analysis, forecasting, and automating processes, improving data consistency.
  
  
• Universal banking solutions: Finastra's cloud-based software serves various financial institutions, including retail, commercial, and Islamic banks. Its solutions use data analytics to personalize customer experiences and boost operational efficiency.
  
  
• Open finance integration: Finastra offers functionalities for managing strategic data and customizing reports for performance monitoring, revenue management, and XaaS (everything-as-a-service) delivery models.

6) SAP for Banking

SAP for Banking offers a full suite of software solutions tailored for retail and commercial banks. It supports customer-facing services and institutional needs, and the GROW with SAP offers helps banks adopt a digital-first platform.

Key Features

• Omnichannel banking: SAP provides consistent customer service across various channels, such as mobile and online, with self-service options. This allows customers to access banking services conveniently.
  
  
• Cloud-based core banking: SAP streamlines operations by offering features for retail lending, commercial lending, real-time cash management, and centralized payment processing in an all-in-one platform.
  
  
• Spend management: SAP uses analytics to monitor spending and save costs. It integrates invoice processing, manages accounts payable, and optimizes sourcing to control costs better.
  
  
• Customer engagement tools: SAP offers functionalities for personalized customer experiences. This allows banks to tailor services to individual customer needs.
  
  
• Financial and risk management: SAP provides tools for financial operations, such as accounting and reporting, and risk management, including compliance and financial close. These help in better understanding accounts payable.
  
  
• Data management and reporting: SAP offers functionalities for managing strategic data and customizing reports for performance monitoring, revenue management, and XaaS (everything-as-a-service) delivery models.

7) Apex Banking System

Apex Banking System helps banks navigate digital transformation with consulting and project management services. They use industry expertise and strong partnerships to help banks reach their digital goals.

Key Features

• Project management and delivery: Apex offers structured project management services using cloud-based tools and hybrid approaches. This is useful for banks needing help with complex IT projects.
  
  
• Risk management framework: Their approach incorporates risk mitigation strategies to ensure project success and maintain high operational standards.
  
  
• Resource optimization: Apex focuses on optimizing resource utilization for project delivery. This can help banks manage costs and streamline project execution.
  
  
• Industry-specific expertise: Apex offers tailored solutions for various industries beyond banking. This makes them a good partner for cross-sectoral projects, not just banking.
  
  

• Security solutions: They address fraud and cybersecurity concerns with robust security solutions, which help banks maintain secure and reliable financial operations.

• AI & automation integration: Apex provides expertise in integrating AI and automation technologies. This offers banks the potential to improve process efficiency and reduce manual workflows.

8) Capital Banking Solutions

Capital Banking Solutions is a global provider of integrated banking software. The primary product, CapitalBanker, is engineered to improve commercial banking processes. 

At the same time, the company also provides configurable modules to support risk management, business intelligence, back-office automation, and multi-channel digital platforms.

Key Features

• CapitalBanker: This core banking platform serves retail, corporate, and neo-banks. It integrates seamlessly with digital banking services and ensures compliance with regulations in various countries.
• CapitalPrivate: Focused on private banking, this platform integrates front-to-back office processes like client management, wealth management, and regulatory compliance.
  
  
• CapitalDigital: They offer an omnichannel digital banking solution for customer onboarding, account management, and payment initiation. It aims to provide a consistent user experience across all digital channels.
  
  
• Corporate Banking Solution: This includes data analytics and functionalities for corporate services such as trade finance, loans, treasury, and cash management.
  
  
• Retail Banking Solution: They provide functionalities for retail banking processes, including onboarding, origination, and payments, ensuring consistency across all channels.
  
  
• Microfinance Solution: This scalable solution is designed for microfinance institutions. It supports digital transformation and regulatory compliance with cloud and on-premise deployment options.

9) EBANQ

EBANQ is a user-friendly online banking software app for financial service providers, such as NeoBanks, Electronic Money Institutions (EMIs), Payment Institutions, Remittance Companies, Asset Managers, and Cryptocurrency Exchanges. 

This mobile-based system can be set up within 24 hours and is fully customizable to match your brand identity. It ensures a seamless experience across all devices, making it a versatile choice for businesses managing client funds globally.

Key Features

• User-friendly interface: EBANQ is designed for ease of use by end-users and administrators. It adapts to any device, screen size, and browser, ensuring optimal layout and functionality.
  
  
• Customizable and quick deployment: The system can be branded to fit your identity and deployed within 24 hours, providing a turnkey solution for your banking needs.
  
  
• Multiple administrator roles and permissions: EBANQ supports different administrator accounts with customizable roles and permissions, allowing efficient management of various operations.
  
  
• Flexible transaction fees and customer profiles: The system allows the configuration of transaction fees and categorizes customers into different profile groups, each with distinct fee schedules.
  
  
• Multi-currency and cryptocurrency support: EBANQ supports 33 currencies by default and includes cross-currency transactions using European Central Bank (ECB) reference rates. It also supports adding cryptocurrencies or other units of value.

10) Creatio

Creatio is a global company specializing in no-code platforms for automating workflows and customer relationship management (CRM) processes. It helps businesses manage customer journeys and streamline retail and business banking workflows.

Key Features

• Studio Creatio: This no-code platform allows users to automate workflows and build applications with a simple drag-and-drop interface. It's designed for non-technical users to create business apps easily.
  
  
• Marketing Creatio: This tool automates marketing campaigns and lead management workflows, providing features to enhance campaign efficiency and track leads effectively.
  
  
• Sales Creatio: It offers comprehensive automation for sales processes, covering everything from lead generation to closing deals.
  
  
• Service Creatio: An omnichannel platform automating customer service workflows, handling inquiries and support requests across channels using no-code tools.
  
  
• Industry-specific workflows: Creatio includes pre-built workflows tailored for 20 different industries, making it easier to manage industry-specific processes.

Build Your Digital Banking Platform with Blaze

Blaze offers a streamlined banking software platform for creating powerful, feature-rich apps — all without hiring a team of engineers to build them.

Here's how to get started:

• Connect with our team: Schedule a free consultation to discuss your banking app needs. Our sales team will learn more about your goals, the required functionalities, and any integrations you need with existing systems.
  
  
• Expert support and streamlined development: A dedicated implementation team assists you through the entire development lifecycle, ensuring your finance app aligns perfectly with your business goals. This expert support helps you get up and running quickly without sacrificing quality.
  
  
• Speed meets security: Develop and deploy solutions 10 times faster than traditional coding methods while maintaining robust security protocols.
  
  

Contact Blaze today for a free demo.