Trusted by Global Tech Leaders to Disruptive Startups
The banking IT services we offer
Our clients success stories
Reserve Bank of India (RBI) helps the visually impaired to identify Indian banknotes denomination through an AI-enabled app.
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NeGD advances the Digital India campaign by adding 1800+ government services to its UMANG app.
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Enabling KFAS to modernize their legacy application and digitize their paper records from the past 10 years
Explore Case StudyLooking for a software development partner in banking?
Talk to our expertsTransforming banking, together
Digital transformation in the banking industry has caught on like wildfire. The evolution was hastened with the increase in utilization of mobile devices and internet based technology. Most customers prefer doing banking related activities from the comfort of their homes. Banking technology has eliminated the need for people to visit banks except for most pressing cases. There has also been a marked improvement in banking infrastructure. Digitization has positively impacted productivity and hence, customer experience. Our full stack banking IT services help you ride the digital wave to your advantage and delight your customers.
The value we deliver
Bring your most complex banking software development solutions to life with our full-cycle custom banking IT services ranging from product feasibility research, prototyping, development and designing, testing to product sustainability and maintenance.
We build comprehensive, front to back CORE (Centralized Online Real-Time Exchange) banking IT solutions on advanced architecture to help banks simplify their workflows, automate repetitive processes and offer improved products & services to its customers.
We ensure comprehensive and seamless integrations with latest technology, whether it’s third-party payment platforms, loan origination systems, accounting software, or human resource applications, you can rely on our team to offer banking IT services that enable frictionless integrations.
We develop banking IT solutions that are in accordance with the regulatory standards of the banking industry and consumer protection laws, helping banks & financial institutions navigate compliance, cyber risk, fraud & financial crime, and analytics & technology.
Cyber security is a real challenge in the digital banking industry. As people go cashless, protecting customer assets has become a priority. Daffodil complies with regulatory standards to ensure that users and critical assets are secured with multilayered security.
Why choose us as your banking IT services partner
End to end software development and support
Our full stack banking IT software development services will keep you up to date with the latest innovations in the industry. Stay miles ahead of competition with intuitive solutions that flawlessly integrate with your current capabilities and positively impact business bottom line.
Security regulations for banking
Security is the top priority for any banking or financial services provider owing to the sensitivity of the information they have access to. Our Banking IT services are designed and developed to safeguard personal information of users and provide protection against cybercrimes.
Domain Expertise
With over 20+ years of experience as a Banking IT service provider, we are experts in identifying industry trends and developing solutions that address the changes and convert them into business opportunities to scale up your business.
Why Daffodil Software
Recognized excellence. proven customer satisfaction
25+
Years Of Software Engineering Excellence
150+
Global Clientele
4.8
Avg CSAT Score
95%
Customer Retention Rate
1000+
Software Engineering Experts
50+
Subject Matter Experts
Future ready expertise
The applications of blockchain technology are immense. Improve banking efficiency by automating manual processes and reducing compliance errors. Our blockchain enabled Banking IT services streamline lending operations, reduce counterparty risks and decrease issuance and settlement time.
Stay relevant in an ever-evolving market by automating manual business procedures. Increase efficiency and reduce operational costs by providing your customers with the ability to automatically make deposits, withdrawals and perform other banking transactions. RPA is now being used with intelligent automation (IA) which further reduces stress on banking resources by automating complex end-to-end processes.
Banks and other financial institutes have access to large amounts of structured and unstructured data which when combined with cloud computing, machine learning and AI capabilities have the power to be used in a large spectrum of financial services. Use of AI in the banking industry is a major differentiator. Our Ai enabled banking services allow faster and accurate decision making across various functions including customer experience, back end operations, marketing analytics, risk management, product delivery and compliances.
Innovation redefined
We create technology forward, innovative software solutions for banking to keep you ahead in the game, always .
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banking insights
CORE banking operations, defined
CORE stands for Centralized Online Real-time Exchange. CORE banking software connects all branches to a central server so that basic banking transactions- deposits, loaning and credit processing, can be automated. Core banking solutions are dependent on the type of customer base that a bank targets. The basic goal is to improve customer experience and reduce operational expenses.
Hence, while the bank benefits from lower time and cost spent on mundane banking operations, customers benefit from having more freedom in transactions.
The most significant CORE banking operations are:
1. Internet banking
2. ATM
3. Phone banking
4. Fund transfer immediately and remotely (NIFT, IMPS)
5. Point of sale systems
6. Mobile payments
7. Credit/debit card issuance
Daffodil offers a wide range of CORE banking IT services to benefit our clients.
Trends in US banking Industry
- E-Wallets
Post-pandemic e-wallets have gained immense popularity. They facilitate contactless, instant payments through any iOS and Android mobile device. E-wallets provide personalized customer experience and are user friendly.
According to report published by Allied Market Research, about 4 billion people are expected to shift to using e-wallets by 2024 which makes e-wallets a trend to watch out for in Banking IT services sector. - API Implementation
Application programming interfaces allow linking of databases of a service to an application. This enables secure transmission of highly confidential user data without involving a third party. For the banking industry this is a godsend since the reputation of any bank rests on its ability to keep personal user information secure. - Open BankingOpen banking is a new age banking service that uses API’s to aggregate a customers financial data and make it accessible through any device, anywhere in the world. It allows third party payment services to access a user’s financial data after getting their consent. Users can get insights on their spending patterns, access their transaction history and make better financial decisions.
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(item.content) && (CORE stands for Centralized Online Real-time Exchange. CORE banking software connects all branches to a central server so that basic banking transactions- deposits, loaning and credit processing, can be automated. Core banking solutions are dependent on the type of customer base that a bank targets. The basic goal is to improve customer experience and reduce operational expenses.
Hence, while the bank benefits from lower time and cost spent on mundane banking operations, customers benefit from having more freedom in transactions.
The most significant CORE banking operations are:
1. Internet banking
2. ATM
3. Phone banking
4. Fund transfer immediately and remotely (NIFT, IMPS)
5. Point of sale systems
6. Mobile payments
7. Credit/debit card issuance
Daffodil offers a wide range of CORE banking IT services to benefit our clients.
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(item.content) && (- E-Wallets
Post-pandemic e-wallets have gained immense popularity. They facilitate contactless, instant payments through any iOS and Android mobile device. E-wallets provide personalized customer experience and are user friendly.
According to report published by Allied Market Research, about 4 billion people are expected to shift to using e-wallets by 2024 which makes e-wallets a trend to watch out for in Banking IT services sector. - API Implementation
Application programming interfaces allow linking of databases of a service to an application. This enables secure transmission of highly confidential user data without involving a third party. For the banking industry this is a godsend since the reputation of any bank rests on its ability to keep personal user information secure. - Open BankingOpen banking is a new age banking service that uses API’s to aggregate a customers financial data and make it accessible through any device, anywhere in the world. It allows third party payment services to access a user’s financial data after getting their consent. Users can get insights on their spending patterns, access their transaction history and make better financial decisions.
CORE banking operations, defined
CORE stands for Centralized Online Real-time Exchange. CORE banking software connects all branches to a central server so that basic banking transactions- deposits, loaning and credit processing, can be automated. Core banking solutions are dependent on the type of customer base that a bank targets. The basic goal is to improve customer experience and reduce operational expenses.
Hence, while the bank benefits from lower time and cost spent on mundane banking operations, customers benefit from having more freedom in transactions.
The most significant CORE banking operations are:
1. Internet banking
2. ATM
3. Phone banking
4. Fund transfer immediately and remotely (NIFT, IMPS)
5. Point of sale systems
6. Mobile payments
7. Credit/debit card issuance
Daffodil offers a wide range of CORE banking IT services to benefit our clients.
Trends in US banking Industry
- E-Wallets
Post-pandemic e-wallets have gained immense popularity. They facilitate contactless, instant payments through any iOS and Android mobile device. E-wallets provide personalized customer experience and are user friendly.
According to report published by Allied Market Research, about 4 billion people are expected to shift to using e-wallets by 2024 which makes e-wallets a trend to watch out for in Banking IT services sector. - API Implementation
Application programming interfaces allow linking of databases of a service to an application. This enables secure transmission of highly confidential user data without involving a third party. For the banking industry this is a godsend since the reputation of any bank rests on its ability to keep personal user information secure. - Open BankingOpen banking is a new age banking service that uses API’s to aggregate a customers financial data and make it accessible through any device, anywhere in the world. It allows third party payment services to access a user’s financial data after getting their consent. Users can get insights on their spending patterns, access their transaction history and make better financial decisions.
Your first banking software consulting session is on us!
Frequently asked questions (FAQ's)
In today’s digital era where customers are looking to avail all types of services through their phones, it is imperative that financial institutions re-engineer their services. Quick, secure transactions, no waiting time to avail basic services like debit card/credit card issuance, loan applications are a few of the services that users wish immediate access to. Staying digitally relevant is necessary to survive in a fast moving industry like banking.
– The big idea
We start with understanding your vision and project requirements
– Market research & feasibility analysis
After confirming the idea we conduct a thorough market research to understand the current market offerings and how our service will help bridge the gap
– Software development process is followed as per SDLC
The cost of making a banking software depends on the expectations of the clients – the features they are looking to develop/integrate, the set of technologies being used, the estimated delivery time they are looking for and the resources being used from our end.
Customer Success Stories in Banking Sector
Developing an AI enabled application for Reserve Bank of India
Explore how we helped RBI to leverage artificial intelligence techniques to achieve high accuracy in identifying currency note denominations, even in varying lighting or soilage conditions of the banknotes.
Read complete success StoryDeveloping an AI enabled application for Reserve Bank of India
Explore how we helped RBI to leverage artificial intelligence techniques to achieve high accuracy in identifying currency note denominations, even in varying lighting or soilage conditions of the banknotes.
Read success storyDeveloping an AI enabled application for Reserve Bank of India
Explore how we helped RBI to leverage artificial intelligence techniques to achieve high accuracy in identifying currency note denominations, even in varying lighting or soilage conditions of the banknotes.
Gifftid case study
