What are our data sources?
We use the data sources on the side for ranking solutions and awarding badges in banking software category. Our data sources in banking software category include;
Banking software systems assist in managing, monitoring and recording transactions in banks and other financial organizations. They automate manual tasks and increase the operational efficiency of institutions.
If you’d like to learn about the ecosystem consisting of Banking Software and others, feel free to check AIMultiple Financial Services.
AIMultiple is data driven. Evaluate 208 services based on
comprehensive, transparent and objective AIMultiple scores.
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We use the data sources on the side for ranking solutions and awarding badges in banking software category. Our data sources in banking software category include;
review websites
social media websites
search engine data for branded queries
According to the weighted combination of 7 data sources
Turnkey Lender
The Nortridge Loan System
Fraud.net
Supplier Payments Automation
Mambu
Taking into account the latest metrics outlined below, these are the current banking software market leaders. Market leaders are not the overall leaders since market leadership doesn’t take into account growth rate.
Supplier Payments Automation
Turnkey Lender
Fraud.net
TrueLayer
Mambu
These are the number of queries on search engines which include the brand name of the solution. Compared to other Financial Services categories, Banking Software is more concentrated in terms of top 3 companies’ share of search queries. Top 3 companies receive 58%, 17% more than the average of search queries in this area.
46 employees work for a typical company in this solution category which is 25 more than the number of employees for a typical company in the average solution category.
In most cases, companies need at least 10 employees to serve other businesses with a proven tech product or service. 110 companies with >10 employees are offering banking software. Top 3 products are developed by companies with a total of 700k employees. The largest company building banking software is Tata Consultancy Services with more than 300,000 employees.
Taking into account the latest metrics outlined below, these are the fastest growing solutions:
The Nortridge Loan System
Turnkey Lender
Mambu
Fraud.net
TrueLayer
We have analyzed reviews published in the last months. These were published in 4 review platforms as well as vendor websites where the vendor had provided a testimonial from a client whom we could connect to a real person.
These solutions have the best combination of high ratings from reviews and number of reviews when we take into account all their recent reviews.
This data is collected from customer reviews for all Banking Software companies. The most positive word describing Banking Software is “Easy to use” that is used in 11% of the reviews. The most negative one is “Difficult” with which is used in 3.00% of all the Banking Software reviews.
According to customer reviews, most common company size for banking software customers is 51-1,000 employees. Customers with 51-1,000 employees make up 39% of banking software customers. For an average Financial Services solution, customers with 51-1,000 employees make up 17% of total customers.
These scores are the average scores collected from customer reviews for all Banking Software. Banking Software is most positively evaluated in terms of "Customer Service" but falls behind in "Likelihood to Recommend".
This category was searched on average for 4.5k times per month on search engines in 2022. This number has decreased to 4.4k in 2023. If we compare with other financial services solutions, a typical solution was searched 419 times in 2022 and this increased to 480 in 2023.