Top 5 Saas Products for Banking Sectors That You Don’t Know About

SaaS is actually a way of delivering software that permits data to be accessed from any device worldwide having an internet connection and web browser. It’s centrally hosted. It is also known as "on-demand software" and formerly referred to as "software plus services". Saas has become a frequently used delivery model for many businesses including gaming, education, banking, etc. It has a wide range of applications especially in the banking sector for various purposes. Here are 5 SaaS products used for banking that you should look into:

Finacle:

Fiancle is a core banking system that is used by banks to process various tasks and to update their database. It performs customer detail update, financial transaction upgrade and performs various periodic operations as in recurring payment, interest calculation, etc. It provides various facilities such as flexible reporting, normalized database structure, high-speed processing, etc. That is why the number of online, commercial and forex banking services are is provided.

MIMICS:

MIMICS provides its services to banking, brokerage and to fund and investment manager. It provides the functionality one needs to perform daily tasks, increasing productivity and efficiency. It reduces time and labor by decreasing manual procession. MIMICS provides with tracking details, auditing, and reports all transactions and holidays. It performs risks calculations by interest and exchange rates. It processes all payments and prints email statements automatically providing a customized web portal for easy access.

Shufti Pro:

Shufti Pro is an AI-based SaaS product performing identity verification in over 230 countries of the world. It is an ideal SaaS product for international banks that want to expand into larger or different regional markets.

It can verify the identity of end-users from any part of the world with the help of ID cards, passports, driving licenses as well as credit cards and debit cards. It supports 150 languages. It gives Real-time verification results thus saving time for both its customers and end-users. It offers Onsite as well as offsite verifications. It has a Back office that provides proof of verification to Shufti Pro customers.

Zendesk:

Even if you’re an expanding company in the world of banking, wealth management or investment delivering seamlessly at a point can be an uphill task. Zendesk provides services by which all your customer’s data is at one place that allows the representatives to respond back to quires faster. It also provides the highest standards of data security assuring that all of this information stays safe and sound providing them with not only a good experience but also peace of mind.

Truiloo

Truiloo is a Saas-based product that is the leading global identity verification service provider with immediate electronic identity and address verification for 5 billion people in 195 countries. They verify customers online, anywhere in seconds because knowing your customer mitigates online fraud risks. Electronic identity verification they increase trust and safety online, reduce customer abandonment and drive customer acquisition. They use layer facial recognition technology for increased security in the banking sector.

Amelia is a Digital Marketing, PR and Social Media consultant with over nine years experience in the field. She has written articles and blogs on a wide range of topics including, Health, technology, identity theft scams.