Struggling with outdated banking tech?
Your legacy systems create major compliance risks. They also drain your budget with never-ending maintenance costs, which directly stifles your growth.
Worst of all, you’re stuck between justifying high costs to leadership and the real risk of a messy, disruptive implementation.
This isn’t just a feeling. A BCG report shows bank IT spending is rising at a 9% annual rate. This surge is driven by expensive legacy systems and vendor lock-in.
The right platform can fix this problem. It helps you streamline compliance and cut costs without all the usual implementation headaches.
In this guide, I’ll review the best banking software for 2025. I will focus on solutions that solve these exact challenges for financial institutions.
You’ll discover tools that boost security, provide actionable analytics, and make your entire team’s workflow significantly more efficient.
Let’s dive right in.
Quick Summary:
| # | Software | Rating | Best For |
|---|---|---|---|
| 1 | Temenos → | Large multi-segment banks | |
| 2 | SDK.finance → | Banks & FinTech enterprises | |
| 3 | Mambu → | Growing, agile financial firms | |
| 4 | Backbase → | Institutions leveraging AI | |
| 5 | Oracle → | Mid-large IT & finance teams |
1. Temenos
Struggling with outdated banking systems and compliance?
Temenos offers a modern core banking platform that delivers comprehensive and resilient services. This means you can streamline operations and deploy future-ready solutions quickly.
Their integrated approach helps you overcome the challenge of fragmented reviews and conflicting vendor claims, providing end-to-end banking capabilities for all customer segments. This means less guesswork for you.
Here’s how to simplify your operations.
Temenos empowers your staff with smart technology, enabling modern banking to strengthen customer relationships. This addresses your need for user-friendliness and back-office efficiency.
You can create personalized experiences and powerful transactional capabilities through their digital banking solutions, optimizing performance and accelerating digital transformation. Additionally, their real-time payment processing and advanced wealth management platform drive efficiency while reducing costs. Their financial crime mitigation tools also help detect fraud and mitigate risks effectively.
The Enterprise Service on Temenos SaaS delivers ready-to-use solutions across all banking segments, allowing you to maximize customer focus and accelerate growth. It ensures updated, resilient, and secure banking services, alleviating your security concerns and budget limitations.
The result: a single platform for streamlined corporate and commercial banking.
Key features:
- Modern Core Banking: Delivers comprehensive, resilient banking for all customer segments, strengthening relationships with speed and efficiency to replace legacy systems.
- Digital Transformation: Powers personalized experiences, seamless transactions, and efficient processes to optimize performance and accelerate your digital journey.
- Integrated Solutions: Combines core banking, digital banking, payments, wealth management, and financial crime mitigation on one SaaS platform for streamlined operations.
Learn more about Temenos features, pricing, & alternatives →
Verdict: Temenos stands out as a leading contender for best banking software, especially for IT directors and financial managers. Its integrated suite streamlines compliance, enhances security, and provides robust financial analytics, making it a scalable solution that aligns perfectly with your long-term goals for reduced operational costs.
2. SDK.finance
Struggling with outdated banking software and compliance?
SDK.finance offers a powerful platform to launch e-wallets, neobanks, and mobile banking apps in months, not years.
You can modernize your tech stack and accelerate your FinTech journey with out-of-the-box functionality.
Here’s how to boost your operational efficiency.
SDK.finance provides a reliable tech launchpad, catering to banks, financial institutions, and enterprises expanding into FinTech. You gain control with a source code license, giving you the complete freedom to modify and customize at your own pace. This means your internal team can operate to meet deadlines, avoiding vendor delays and minimizing development risks.
The platform includes comprehensive support, in-depth training, and ongoing guidance, ensuring your team is empowered. You’ll also benefit from consistent updates and enhancements, maintaining peak performance. For example, Nebeus saved time and money by building their solution from scratch after partnering, leveraging SDK.finance’s responsive team and customization flexibility. This robust system handles over 2,700 transactions per second.
Reduce operational costs and enhance customer retention.
Before diving deeper, you might find my analysis of application integration tools helpful for connecting your FinTech solutions.
Key features:
- Comprehensive Financial Solutions: Provides core banking, digital wallets, payment processing, and P2P payment apps, perfect for your evolving financial institution needs.
- Flexible Infrastructure: Offers source code access for total customization, warranty protection, and comprehensive support, allowing you to meet deadlines and mitigate risks.
- Integrated Compliance: Features ongoing KYC/KYB with trusted vendors, AML/Anti-fraud workspaces, and PCI DSS Level 1 certification, streamlining your compliance efforts.
Learn more about SDK.finance features, pricing, & alternatives →
Verdict: SDK.finance’s focus on source code access, robust security, and scalable infrastructure makes it a strong contender for the best banking software. With capabilities like PCI-DSS compliance, crypto-to-fiat operations, and flexible API integrations, it directly addresses your pain points around legacy systems and compliance, while providing excellent back-office efficiency.
3. Mambu
Struggling with outdated banking systems and rising costs?
Mambu’s composable banking approach and cloud-native solutions directly address these pain points. This means you can finally shed the burden of inflexible legacy systems.
It allows you to combine independent components and services, giving you the flexibility to build exactly what your customers need. You’ll overcome integration constraints by building a modern architecture.
Ready for a modern financial solution?
Mambu helps you deliver distinctive customer experiences with agility and scalability at its core. This enables you to streamline workflows, enhance security, and provide actionable financial analytics.
Their cloud-native lending engine and dynamic deposits engine let you tailor loan offerings and power diverse deposit-based offerings, improving customer retention. Additionally, their low-code, public APIs, and regular releases mean go-lives are measured in days or weeks, not years, ensuring future-proofing and continuous iteration without disruption.
Plus, Mambu helps you realize new economics, aligning costs to growth without heavy upfront investment or vendor lock-in.
The result is a more efficient, customer-centric financial operation.
Key features:
- Composable Banking Approach: Combines independent components and services, enabling you to build tailored financial offerings precisely when needed, overcoming legacy system inflexibility.
- Cloud-Native Engines: Provides both a robust lending engine and a dynamic deposits engine, allowing you to build various loan products and deposit offerings, from mortgages to digital wallets.
- API-First Architecture: Features low-code capabilities, public APIs, and regular releases, ensuring rapid deployment and continuous iteration without workflow disruptions, future-proofing your operations.
Learn more about Mambu features, pricing, & alternatives →
Verdict: Mambu stands out as a top contender for the best banking software due to its composable, cloud-native approach. It directly tackles the pain points of outdated systems and integration challenges, offering a scalable solution that streamlines compliance, enhances security, and ultimately reduces operational costs for your growing business.
4. Backbase
Is your bank ready for AI-powered growth?
Backbase offers an AI-powered Banking Platform designed to move your organization from fragmented legacy systems to a nimble, unified operating model.
This means you can unify sales and servicing journeys for efficiency and growth, streamlining operations across retail, commercial, and wealth management segments. The result is a platform engineered for remarkable growth.
Here’s how Backbase delivers.
Their Banking Platform features a Digital Banking fabric, Intelligence fabric, and Integration fabric, working together to unlock new revenue streams while cutting operational costs. Additionally, the AI Factory embeds AI experts directly into your teams, ensuring you can rapidly co-create high-impact use cases. Plus, the Unified Banking Suite brings data, journeys, and intelligent operations together, enabling personalized services and AI-powered advice across every channel and client. This allows for precision at scale, delivering the right service at the right moment.
Lead the next era of banking.
While we’re discussing software solutions, you might also find my analysis of patient engagement software helpful.
Key features:
- AI-powered Banking Platform: Transforms fragmented systems into a unified, intelligent operating model, unlocking new revenue streams and cutting operational costs.
- Unified Banking Suite: Unifies digital sales and servicing across every channel and line of business, driving growth and ensuring intelligent operations come together as one.
- AI Factory Expertise: Integrates AI experts directly into your teams to bridge skills gaps, enabling rapid co-creation of high-impact use cases and accelerating innovation to execution.
Learn more about Backbase features, pricing, & alternatives →
Verdict: Backbase positions itself as the best banking software for institutions seeking to modernize and leverage AI. Its platform consolidates disparate systems, enhances operational efficiency, and ensures compliance while providing comprehensive solutions for retail, commercial, and wealth management.
5. Oracle
Struggling with outdated banking software and compliance?
Oracle provides a unified suite of applications and cloud infrastructure designed to help you innovate and grow. This means you can simplify complex operations.
Their offerings address issues like poor API connectivity and limited analytics capabilities, ensuring your financial operations are robust and ready for tomorrow’s challenges.
Here’s how you can streamline your processes.
Oracle helps you overcome the overwhelm of vendor claims by delivering a comprehensive solution for your business. You get the tools to manage your entire financial operation.
They offer a complete, integrated suite that includes everything from enterprise resource planning to supply chain management, designed to boost your financial team’s productivity. This integration helps address your pain points regarding workflow disruptions during implementation.
Additionally, their solutions provide robust security features and actionable financial analytics, aligning with your goals to enhance security and gain deeper insights without overcomplicating user interfaces, which simplifies decision-making and reduces operational costs.
This delivers scalability that adapts to your growth.
Key features:
- Unified Cloud Infrastructure: Provides a comprehensive suite of integrated applications and cloud infrastructure to support innovation and growth for your business.
- Integrated Business Solutions: Offers enterprise resource planning and supply chain management within a single platform, enhancing back-office efficiency and data accuracy.
- Robust Security and Analytics: Delivers strong compliance features and actionable financial analytics, giving you clear insights while ensuring data protection.
Learn more about Oracle features, pricing, & alternatives →
Verdict: Oracle presents itself as a robust option for IT directors and financial managers seeking the best banking software. Its unified suite and integrated solutions address critical pain points like compliance, outdated systems, and limited analytics, providing scalable functionality to streamline operations and cut costs.
6. Finastra
Tired of outdated banking software limitations?
Finastra offers solutions for lending, payments, universal banking, and treasury & capital markets. This means you can finally overcome poor API connectivity.
Their platform enhances security and ensures reliability, addressing your concerns about strict regulatory compliance requirements and workflow disruptions.
So, how can you improve efficiency?
Finastra helps you streamline operations with comprehensive end-to-end lending solutions. This enables a frictionless digital borrower experience across various financial products.
Their open, cloud-based, and API-first framework for payments reduces complexity and costs, offering a single platform. Additionally, you can scale instantly while improving front-end customer experiences and back-office efficiencies. Plus, universal banking solutions leverage analytics and AI for personalized customer experiences, leading to actionable insights for better targeting.
Achieve your long-term goals with Finastra.
Key features:
- Comprehensive lending solutions: Finastra provides end-to-end capabilities across syndicated, commercial, consumer, and mortgage lending, improving customer onboarding and streamlining back-office operations.
- Scalable global payment processing: Their open, cloud-based, and API-first framework simplifies payments, reduces costs, and allows for rapid deployment and instant scaling to meet customer needs.
- Universal banking with AI analytics: Next-generation core and digital banking solutions use sophisticated analytics and AI to deliver personalized customer experiences and actionable insights for better service.
Learn more about Finastra features, pricing, & alternatives →
Verdict: Finastra’s integrated solutions for lending, payments, and universal banking, combined with robust risk and compliance features, directly address the challenges of IT directors and financial managers. Their emphasis on digital experiences and data-driven insights makes them a strong contender for the best banking software.
7. FIS
Is your banking software hindering financial growth?
FIS delivers an ecosystem of banking, lending, and payment solutions to help you thrive in the digital age.
You can streamline operations and enhance customer satisfaction with their core banking systems and unified omnichannel banking. This means your financial institution stays competitive.
Gain strategic advantage.
FIS’s Digital One platform unifies customer and employee data across all digital banking channels, ensuring consistent experiences. This comprehensive suite of tools helps you make finance a strategic advantage, streamlining receivables, payables, and revenue optimization. You’ll gain enhanced visibility and control over your financial operations.
Their Automated Finance suite offers modernized interfaces and workflows for CFOs, while the Private Capital Suite automates accounting and reporting, providing real-time responsiveness and reliable analytics. You’ll gain a seamless flow of funds, reduced costs, and increased efficiency, ensuring confidence even with increased transaction volumes.
Reduce operational costs and improve retention.
Key features:
- Digital One Platform: Provides a modern user interface with managed security, risk, and compliance, unifying data for consistent digital banking experiences.
- Automated Finance: Offers comprehensive solutions for enhanced visibility and control over payables, receivables, and revenue optimization.
- Integrated Banking: Delivers core banking, unified omnichannel experiences, and modernized asset finance for improved efficiency and customer satisfaction.
Learn more about FIS features, pricing, & alternatives →
Verdict: FIS offers a comprehensive suite of solutions tailored for financial institutions looking to modernize and streamline operations. Their emphasis on digital experiences, integrated core banking, and robust security makes it an ideal best banking software choice for mid-sized and established institutions seeking to enhance compliance and cut costs effectively.
8. nCino
Struggling with outdated banking software and compliance headaches?
nCino helps financial institutions digitize and reengineer business processes to boost efficiencies, addressing common IT and financial management pain points. This means you can simplify complex operations and move away from legacy systems.
The platform provides connected solutions that unite lending, account onboarding, and analytics, creating a truly seamless experience for your team. Here’s how you can streamline those disjointed workflows.
You need a solution that simplifies everything.
nCino solves this by digitizing and reengineering business processes, leading to better experiences and improved efficiency for your institution. This helps you overcome integration constraints.
Their platform offers actionable insights, allowing you to unlock the power of your data to make smarter decisions faster and with fewer risks. This directly tackles your need for stronger analytics.
Additionally, nCino enhances strategic decision-making, risk management, and customer satisfaction. It’s trusted by over 2,700 financial institutions, including those that have seen a 54% faster commercial loan origination and a 12% increase in account opening rates, delivering tangible ROI.
Improve your efficiency and compliance now.
Key features:
- Digitized Business Processes: Streamline your operations by digitizing and reengineering core banking processes for greater efficiency and improved customer experiences.
- Unified Platform for Insights: Connect lending, account onboarding, and analytics into one seamless platform, giving you actionable insights to make quicker, more informed decisions.
- Enhanced Risk Management: Improve your strategic decision-making and risk management capabilities, ensuring better compliance and overall institutional health.
Learn more about nCino features, pricing, & alternatives →
Verdict: nCino is a strong contender for the best banking software, especially for mid-sized and established institutions seeking to modernize. Its ability to digitize workflows, offer actionable insights, and improve risk management, as evidenced by a 54% faster loan origination, directly addresses the core challenges of IT directors and financial managers.
Conclusion
So what’s the best choice?
You need to cut costs and streamline compliance, but navigating the sea of vendor claims and complex features is a huge challenge.
A Core Banking Software Market report shows that modern platforms are key for enhancing operational efficiency and compliance. This shift toward real-time data and open API integration is essential for staying competitive.
Here’s my top recommendation for you.
Speaking of streamlining operations, my guide on best medical store software provides valuable insights.
From everything I’ve seen, Temenos stands out. It directly addresses the pain of legacy systems while making compliance and security top priorities.
Its integrated suite is the best banking software because it delivers end-to-end capabilities on a single platform, replacing your fragmented, high-cost tech stack.
I suggest you contact the Temenos sales team to learn how their modern core banking platform can transform your operations.
It’s time to future-proof your bank.
