Archive | August 9, 2017

The Importance Of Quality Banking Software

Perhaps as never before, the necessity for excellent banking software has become evident. Retail banking requires a client-focused approach that will attract new customers and maintain them in a long term business relationship. One way to ensure customer satisfaction has been to guarantee rapid response to questions as well as information-gathering for business transactions. New banking software technology can provide broad retail functionality while it supports various multi-channel models simultaneously. Scalability and resilience are also important features in quality software for banking needs. New core banking applications need to be able to address and support merger and acquisitions activities.

A new concern has been raised by the recent financial collapses within the banking industry. Astute attention to collateral management might have played a positive role in averting some of the humiliating losses that occurred and adversely affected so many smaller banks and loan institutions as well as the customers they represented. Quality banking software is being developed to include systems that monitor collateral descriptions and types. It will have the capability of maintaining customer information, collateral data, and credit count relationships. This will be a significant part of any core banking application program.

Excellent financial software is also available for corporate and correspondent banking requirements. This software can introduce new business models as it responds speedily to ever-changing market conditions. It can reduce costs and identify and manage the risk factors at work, as well. In collateral management, this feature will assist in recognizing collateral shifts in value before they can cause significant damage. An excellent banking computer program will be flexible enough to include new products as they become available and should improve the overall efficiency of the banking business. All of these improvements should add value to the customer relationship which, of course, is paramount.

When one thinks in terms of universal banking, the amount of information that must be gathered, processed, re-calculated regularly, and stored is mind-boggling. More and more banks have chosen to simply out source some of this mass of data collections, including information in collateral management, rather than handle it in-house. New technology will allow for broader functionality in the banking service. Various different kinds of banking products will be able to move across all kinds of channels, especially on the international level. This agility will enable banks to compete with the large international financial institutions that venture into their markets.

When considering the best in banking software, one must look at its “functional richness” as well as its scalability and flexibility. It must be adaptable to the latest in open technology, and it should include a system- connectivity with collateral management. Customers today want as close to real-time views as possible. They want quick access to their counter-party’s collateral and exposures. The ability to function with broad and sweeping informational strokes will strengthen the attractiveness and competitiveness of banking operations for the approaching years.

App Your Enterprise on The Horizon

Software procurement within enterprises borders on a phase of change. Within the next four years, as many as a good quarter of the enterprise world would have its own enterprise app stores, reports Gartner.

That says a lot about the BYOA (Bring your own application) trend that’s beginning to kick in. BYOA ties in closely with BYOD (Bring your own device) to bring about a flexible approach towards in-house software dissemination, where your enterprise gets to deploy software internally, in what will be a much open and secure environment.

While enterprise application development is still up-and-coming, the realization that mobility will be crucial to the enterprise system of things is fast setting in. Going with that, more than a majority of the enterprise respondents ranked mobility as a top priority in recent Appcelerator survey.

In addition, over sixty percent reckoned on developing employee-facing apps. But the lack of a more definitive, substantiated approach is a major cause behind them going in abeyance. Also, that’s because enterprises are bent on figuring out a sustainable mobile strategy that is adoptive, secure, and scalable.

This is where Softwaredevelopersinc brings in clarity of vision. Having delivered mobility strategies for over 300 enterprise clients makes us all too familiar with complexities of developing and managing enterprise Custom Mobile Applications.

What makes enterprise app development highly complex is meeting the continuous enterprise scalability. Enterprise technology needs continuously evolve and change. Unless your custom mobile app scales up concurrently, it is likely to hold less value over time. And for most enterprises, that is a big challenge and a threat that can dent reserves.

By moving enterprise business processes on a secure Cloud based ecosystem, we deliver secure Apps that scale across platforms. That allows main focus to go on iteration and scaling rather than being wasted on needlessly reinventing the wheel.

That also allows us to take stock of the perennial enterprise concern-security. Enterprise security demands airtight control over all points of access. We build a tight environment of checks and measures that ensures airtight control over your enterprise data.

Our enterprise apps us scale the tangible platform-device barriers with seamless control. We build for every major Native SDK to go with over 20 Mobile/web frameworks. No matter the industry or scale, you will sail through into an app environment tailored to your requirements. Join our app development teams for more on up-and-coming Mobile Application Development genres.

The Author is a leading App Developer at softwaredevelopersinc, with huge experience in dealing with Mobile apps for the changing apps universe. Join us at www.softwaredevelopersinc.com or call 1.408.802.2885 to engage our Mobile App Specialists