Software für Banken

faqs

Frequently asked questions about custom software for banks

Which software do banks use?

Banks use a wide range of software applications to support their business processes. Here are some general categories of applications that banks could use:

Core banking systems: These systems form the backbone of the banking infrastructure. They support basic functions such as account management, payment processing, lending, and deposit management.
‍Customer relationship management (CRM) systems: CRM systems are used to manage and improve relationships with customers. They can help coordinate sales and marketing strategies and analyze customer data.
‍risk management software: Banks use risk management software to identify and assess risks. It can help to assess and manage credit risks, market risks, and operational risks.
‍Anti-money laundering (AML) solutions and anti-fraud software: These software solutions are used to identify and report suspicious activity that could indicate money laundering or fraud.
‍Financial planning and analysis software: These applications are used to make financial forecasts and analyze financial performance.
‍Payment processing systems: These systems allow banks to carry out payment transactions, including wire transfers, credit card payments, and electronic money transfers.
‍trading platforms: Banks that provide investment services use trading platforms to carry out securities transactions.
‍Data analysis and business intelligence software: This type of software helps banks analyze large amounts of data and gain valuable insights into their business processes and customer relationships.
‍compliance software: Banks are heavily regulated companies. Compliance software helps them comply with all relevant regulations and laws.
‍ATM software (ATM software): This software controls ATM features, including withdrawals, deposits, and account queries.

The specific banking software depends on many factors, including its size, geographical location, the services offered and the specific needs of its customers.

Which is the best software for banks?

There is no “best” software for banks because the appropriate software depends heavily on the specific requirements and goals of the respective bank. In order to stay one step ahead of the competition, decision makers should ensure absolute quality and individuality, particularly when it comes to business-relevant software. Objectbay works with banks to offer tailor-made solutions that meet their specific requirements and are implemented by us as an end to end solution. Especially with online banking software, it is important to think about both the functionalities and the customer experience for an optimal customer experience.

What criteria must secure software for banks meet?

Software security is critical for banks. Here are a few criteria that secure software for banks should meet:

1. Data protection: The software should be able to encrypt sensitive data and control access to that data. It should also comply with data protection regulations and laws applicable in the region in which the bank operates.

2nd access control: The software should have robust access control mechanisms, including password policies, two-factor authentication, and access permissions based on roles.

3rd Transaction security: The software should be able to carry out secure transactions, including encrypting payment transaction data and using secure communication protocols.

4th Security against cyber attacks: The software should be able to protect against various types of cyber attacks, including DDoS attacks, malware, phishing, and other threats.

5th Compliance: The software should meet the requirements of relevant financial regulators and security standards, such as the Payment Card Industry Data Security Standard (PCI DSS) or the General Data Protection Regulation (GDPR).

6th audit trails: The software should be able to provide detailed audit trails that record all actions and transactions to make tracking easier and meet compliance requirements.

7. Disaster recovery and business continuity: The software should provide disaster recovery and business continuity features to ensure that the bank can continue to function in the event of an unexpected event or disruption.

8th Security updates and patches: The software vendor should regularly provide security updates and patches to respond to newly discovered vulnerabilities and threats.

9th Penetration testing and security reviews: Software should be regularly penetrated and security audited to ensure that it is protected against current and emerging threats.
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10th Intrusion Detection and Prevention Systems (IDS/IPS): These systems should be able to identify suspicious activity and, if necessary, initiate countermeasures to prevent or minimize attacks.

These criteria are not exhaustive and it is important for each bank to assess their specific security needs and risks to ensure that the software used provides adequate protection.

What kind of digital solutions does Objectbay offer for banks?

Objectbay offers banks individual digital solutions that are tailored to their specific needs. These include, for example, CRM systems for financial service providers, master data management, fund savings portals for customers and bank advisors, as well as applications for securities advice and the online processing of guarantee certificates. These solutions are developed by our full-stack engineering teams, which specialize in agile software development and solid, sustainable technologies.

How does Objectbay support banks with digitization?

We support banks on their journey to become the digital bank of the future by developing tailor-made software solutions that are tailored to banks' specific challenges and needs. Our extensive expertise in the banking sector and our commitment to quality make us a reliable partner who not only supports banks in software development, but also advises them on all issues relating to software for financial service providers.

What makes Objectbay stand out as a software development partner for banks?

Objectbay stands out for its extensive expertise in the banking sector, its passion for digital products and services, and its leading role in applying agile methods. We work closely with our customers to develop customer-specific solutions quickly and of the highest quality.

What technological innovations has Objectbay introduced in banking software?

We have made numerous improvements to improve the quality of our clients' banking solutions and to promote innovation. This includes the migration of the Jenkins build system to GitLab-CI, the introduction of a queue system for asynchronous communication, the standardization of the REST layer, the establishment of React as a new front-end technology, and authorization and certificate monitoring.

How can you get in touch with Objectbay to discuss software development projects?

To talk to us about software development projects without obligation, please fill out the contact form on our website and give us some information about your project. Alternatively, you can email us at office@objectbay.com or by telephone at +43 (0) 7229/63 063-0 achieve. Objectbay has locations in vienna, Linz and Salzburg.

Software for banks. Your individual digital solution in banking.

Software for banks. Your individual digital solution in banking.

We support banks on their journey to the digital bank of the future with individual banking software.

Your partner for banking software

We are your digitization partner for digital solutions for banks and banking software. We're here to support you.

Modernization or expansion of existing digital banking solutions

Scaling our own development capacities by our development teams

Replacing outdated custom software with established, modern frameworks

Development of completely new digital products, services & applications - web and mobile

Individual CRM system financial service provider

Software for banking use cases from our customers

Individual digital solutions for banks that have already been successfully implemented by us.

CRM software for financial service providers for customer service

Bank master data management

Fund savings portal for clients and bank advisors

Integration of the company register into the in-house DMS

Application for online processing of sticky notes

Bank advisor application for securities advice in accordance with MiFID 2

AML digitization with focus on KYC including connection of external systems

Bank partner management solution including connection to the commercial register

Wirtschaftskompass connection for data reconciliation

Technological improvement & innovation, through collaboration with Objecbtay

New release management concept, master branch & CD

Migrating the build system from Jenkins to GitLab-CI

Introduction of a queue system for asynchronous communication

Standardize the REST layer

Establishing React as a new front-end technology

Authorization and certificate monitoring

Objectbay

We are a leader in agile software development in German-speaking countries.

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faqs

Frequently asked questions about custom software for banks

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