Software Used By Different Banks 2024: Best Software for Banking

Software Used By Different Banks: List Of Software Banks Use For Banking Operations In India And USA. There are a lot of Public Sector, Private Sector and foreign banks in India. These banks use different software packages for core banking. Have you ever wondered how banks keep track of all the money, transactions, and accounts? Banks use special software to help them manage everything smoothly. Let’s explore the types of software that different banks use!

Here in this article, we have mentioned the most popular banking software packages used in India. Here We are Providing you with The Latest Software Used By Banks In India. The full List Is given below.

Software Used By Different Banks
list of Software Used By Different Banks

Software used by different banks in India

In India, there are mainly three core banking software used by public sector banks. They are – :

  1. Flexcube
  2. BaNCS
  3. Finacle

List Of Softwares Banks Use: Finacle

Infosys, an Indian multinational business that offers information technology and consulting services, created the Finacle line of banking software solutions. Core banking, customer relationship management, wealth management, mobile banking, online banking, and other areas of banking operations are just a few of the solutions that Finacle provides.


The Finacle suite is intended to assist banks and other financial organizations in streamlining their processes, improving client satisfaction, and adjusting to shifting market conditions. It offers platforms and tools to handle a variety of banking procedures, including compliance, risk management, payments, transactions, and account administration Finacle is a very popular core banking software package which is designed by Infosys.

Name Finacle
Developer Infosys
Type Banking software suite
  • Core Banking Solution (CBS)
  • Online Banking
  • Mobile Banking
  • Treasury Management
  • Wealth Management
  • CRM (Customer Relationship Management)
  • Trade Finance
  • Account Management
  • Transaction Processing
  • Loan and Credit Management
  • Payments and Fund Transfers
  • Customer Service and Support
  • Risk Management
  • Improved Operational Efficiency
  • Enhanced Customer Experience
  • Streamlined Banking Processes
  • Better Risk Management
  • Regulatory Compliance
Usage Used by banks and financial institutions worldwide

Here is a list of Indian Banks that use Finacle Software Packages.

  • Andhra Bank
  • Axis Bank
  • Bank of Baroda
  • Bank of India
  • Corporation Bank
  • Dena Bank
  • Federal Bank
  • ICICI Bank
  • IDBI Bank
  • Indian Overseas Bank
  • India Post Payments Bank
  • IndusInd Bank
  • Karnataka Bank
  • Kotak Mahindra Bank
  • Oriental Bank of Commerce
  • Punjab & Sind Bank
  • Punjab National Bank
  • RBL Bank
  • South Indian Bank
  • UCO Bank
  • United Bank of India
  • Union Bank of India
  • Vijaya Bank

Key Features of Finacle :

Following are The Key Features of Finacle Software Used By Banks:

  • Core Banking System (CBS)
  • Multichannel Banking
  • Analytics and Business Intelligence
  • Payments and Settlements
  • Wealth Management
  • Risk and Compliance
  • Trade Finance
  • Treasury Management
  • Islamic Banking

Software Used By Different Banks in India: BaNCS

This core banking solution is designed by Tata Consultancy Services. This is a very popular core banking platform across the world. BaNCS is used by over 280 institutions in more than 80 countries. RBI Registered Loan App List: Check All Loan Apps List.

Here is a list of banks that use BaNCS Software Packages.

  1. State Bank of India & its six Associate Banks(Now only SBI)
  2. Allahabad Bank
  3. Bank of Maharastra
  4. Central Bank of India
  5. Indian Bank
  6. IDFC Bank

Key Features Of BaNCS :

  • Centralized multi-currency and multi-entity payments
  • Consolidated treasury management platform
  • Proactive AML risk mitigation
  • FATCA compliance
  • Trade matching with registry functions and collateral management
  • OPEX optimization for cloud scalability

List Of Software Used By Different Banks: Flexcube:

Flex Cube is designed by Oracle Corporation. This software package is used by some of the reputed banks of the world like City Bank. Here is the list of Indian banks that use Flex Cube software Packages.

  • Canara Bank
  • Karur Vysya Bank
  • Lakshmi Vilas Bank
  • Syndicate Bank
  • Yes Bank
  • HDFC Bank

Key Features Of This Flexcube :

  • Centralized data processing
  • Replacement and changing of products based on marketing trends
  • Globalized services
  • Machine learning technology for generating insights
  • Standardizing the system of secured payments
  • Component-based banking architecture

What Types of Software Are Used by Banks?

Banks employ a variety of technologies to run their businesses, serve clients, maintain security, and adhere to legal and regulatory requirements. Banks frequently employ a variety of software types, such as:

  • Core Banking Software
  • Customer Relationship Management (CRM) Software
  • Anti-Money Laundering (AML) Software
  • Risk Management Software
  • Fraud Detection and Prevention Software
  • Payment Processing Software
  • Data Analytics and Business Intelligence Software
  • Cybersecurity Software
  • Mobile Banking Apps
  • Online Banking Platforms
  • Loan Origination Software
  • Trading and Investment Software
  • Regulatory Compliance Software
  • Document Management Software
  • Accounting Software
  • ATM and Point-of-Sale (POS) Software
  • Wealth Management Software

1. Core Banking Software

Core banking software is like the heart of a bank’s operations. It helps banks manage accounts, transactions, loans, and customer information. Some popular core banking software are:

  • Finacle: Used by banks like SBI (State Bank of India) and ICICI Bank.
  • Flexcube: Used by banks like HDFC Bank.
  • T24: Used by banks like Standard Chartered.

2. Mobile Banking Apps

Banks offer mobile apps so customers can access their accounts anytime, anywhere. These apps allow you to check your balance, transfer money, pay bills, and more. Examples include:

  • YONO: SBI’s mobile banking app.
  • iMobile: ICICI Bank’s mobile banking app.
  • PayZapp: HDFC Bank’s mobile banking app.

3. Online Banking Platforms

Online banking platforms are websites where you can do your banking online. They offer similar features to mobile apps, such as viewing statements and making transactions. Examples include:

  • NetBanking: HDFC Bank’s online banking.
  • OnlineSBI: SBI’s online banking platform.
  • ICICI Netbanking: ICICI Bank’s online banking.

4. Customer Relationship Management (CRM) Software

CRM software helps banks manage their interactions with customers. It helps them provide better customer service and keep track of customer preferences. Examples include:

  • Salesforce: Used by many banks worldwide.
  • Microsoft Dynamics CRM: Another popular choice among banks.

5. Fraud Detection Software

Banks use fraud detection software to protect your money. This software monitors transactions for suspicious activities and helps prevent fraud. Examples include:

  • Falcon Fraud Manager: Used by many banks to detect fraudulent activities.
  • Actimize: Helps banks monitor transactions and prevent fraud.

6. ATM Software

ATMs (Automated Teller Machines) need software to operate too! This software manages cash withdrawals, deposits, and balance inquiries. Examples include:

  • NCR APTRA: A popular ATM software used by many banks.
  • Diebold Nixdorf: Another well-known ATM software provider.

7. Payment Processing Software

When you swipe your card at a store, payment processing software ensures the transaction goes through. It handles credit and debit card payments. Examples include:

  • VisaNet: Used by Visa for processing payments.
  • MasterCard Payment Gateway: Used by MasterCard for transaction processing.

Why Is Banking Software Important for Banks?

Banking software is crucial because it:

  • Keeps your money safe: Ensures transactions are secure.
  • Makes banking convenient: Allows you to access your account anytime, anywhere.
  • Helps banks run smoothly: Manages all banking operations efficiently.

List Of Software Used By Different Banks In USA

List Of Software Used By Different Banks In USA are following:

Bank Name Software Used Purpose of the Software
Bank of America Zelle Helps people send money to each other quickly.
Chase Bank Chase Mobile Allows customers to check their accounts and make payments using their phones.
Wells Fargo Wells Fargo Online Lets customers manage their accounts and pay bills online.
Citibank Citi Mobile A mobile app to check balances and transfer money.
HSBC HSBCnet Used by businesses to manage money and payments.
TD Bank TD Bank Mobile App Customers can see their accounts and deposit checks using their phones.
Capital One Capital One Mobile An app for managing accounts and credit cards.
PNC Bank Virtual Wallet Helps people manage their money and budget.
Barclays Barclays Mobile Banking Allows users to see their accounts and make transactions on their phones.
US Bank US Bank Mobile A mobile app for checking balances and paying bills.

FAQ: List Of Software Used By Different Banks

Which Is the best banking software to use in 2023?

Ans: The top 10 banking software examples Are given below

  1. Temenos
  2. Finastra
  3. Oracle FLEXCUBE
  4. EBANQ
  5. BankWare
  6. Mambu
  7. CorePlus
  8. FIS Profile
  9. Avaloq
  10. Cleartouch
Which software is used by banks In the USA And India?

Ans: SAP for Banking, CGI Open Finance, Oracle FLEXCUBE, Temenos Transact – Core Banking, TCS BaNCS, Avaloq Banking Suite, Symphony™, Mambu, Validis, and Q2ebanking Software are Used By Different Banks In the USA and India.

Which software is used by SBI?

Ans: TCS BaNCS is a core banking software suite developed by Tata Consultancy Services for use by retail banks For Daily Banking Operations In India And the Rest Of the World.


Banks in India use different types of software to make sure everything runs smoothly and securely. From core banking software to mobile apps, each type of software plays a vital role in our banking experience. Hope you like this article. For more learning keep visiting

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