What are the different types of banking software applications are available in the Industry?
3 years ago
Banking
There are many types of banking software applications and few are listed below
- Internet banking system: Internet banking allows the customers and financial institution to conduct final transaction using banks or financial institute website.
- ATM banking (Automated Teller Machine): It is an electronic banking outlet, which allows customers to complete basic transaction.
- Core banking system: Core banking is a service provided by a networked bank branches. With this, customer can withdraw money from any branch.
- Loan management system: The database collects all the information and keeps the track about the customers who borrows the money.
- Credit management system: Credit management system is a system for handling credit accounts, assessing risks and determining how much credit to offer to the customer.
- Investment management system: It is a process of managing money, including investments, banking, budgeting and taxes.
- Stock market management system: The stock market management is a system that manages financial portfolio like securities and bonds.
- Financial management system: Financial management system is used to govern and keep a record of its income, expense and assets and to keep the accountability of its profit.
Susmita Sah
Jan 13, 2022