The democratization of financial services did not only touch the consumer side but opened a spectrum of opportunities for entrepreneurs to launch and sustain online banking businesses with little to no IT resources involved. Banking software companies played a critical role in both enhancing existing infrastructures, and almost removing barriers for entering the business at a reduced time and low development costs. Here are some examples of banking software providers that are powering online banking solutions:
Banking System is a comprehensive solution for the integral processing of all operations in a financial organization (core banking solutions). In addition to providing functional support for each one of the products and services offered by a financial institution, Apex Banking System includes an accounting system that complies with all accounting and compliance reporting standards.
Capital Banking Solutions
Capital Banking Solutions is a provider of end-to-end, integrated banking software for businesses across Europe, Africa, the Middle East, and the Americas. The company offers a suite of integrated and modular products for retail, corporate and private banks as well as financial institutions. In 2010, Capital Banking Solutions merged with AdTek Information Systems, Inc. and IntellEval to form a global organization that offers clients integrated software products and customized software solutions tailored to the needs of the financial services industry. The merger has enabled Capital Banking Solutions to extend its reach to the US and Latin America as well as address the issues of financial security.