Banking Software Development
Transforming banking with AI, powering fraud detection, wealth management, KYC automation, and predictive analytics.
Custom Banking Software Development Company
Atrix’s team of expert developers cater to the technical needs of the ever-evolving banking sector by offering high quality software solutions that transform your core environment to streamline banking & financial workflows.
ACH & Check 21
ATM
Core Banking Systems
EMV
Mobile Banking App
Loan Servicing & Origination
Transforming the Banking Industry with AI-Powered Solutions
Following best practices, we harness the power of Artificial Intelligence (AI) in our financial software development process to build transformative solutions for the Banking industry. Our AI-driven software solution experts develop cutting-edge capabilities such as advanced fraud detection, AI-enhanced credit assessment, and AI-enhanced financial forecasting.
AI-Driven Fraud Detection and Prevention
Financial fraud is a wide problem now more than ever; however, AI stands as an impressive tool to combat this. Our AI solutions use complex Machine Learning algorithms to study large amounts of transaction data in real-time to locate anomalies within its patterns, enabling banks to swiftly and proactively prevent fraudulent activities. AI-powered credit risk assessment and Blockchain-based AI solutions are adding another layer to our custom technologies. We leverage these forms alongside our Machine Learning capabilities to deliver you a valuable tool to safeguard transactions and make informed decisions.
The Future of Credit Scoring with AI
Artificial Intelligence is changing the way we do credit assessments. Traditional credit scoring processes can be limiting, often leaving out customers lacking extensive credit history. AI is incorporating broader data points to determine lending capability. Our AI solutions use Machine Learning to look into factors like bill payments, social media activity, and even smartphone usage to develop more comprehensive credit profiles. As a result, credit assessments are fairer, and financial institutions can loan money to a wider pool of people using more relevant data.
AI in Investment and Wealth Management
Investing and wealth management can be quite complex with the plethora of things one needs to consider. However, AI can make the process significantly easier and personalized thanks to its sophisticated features. Knowing this, our experts have used AI to analyze large datasets to manage portfolios, recommend investment strategies, and deliver the proper aid on trading decisions. Ultimately, this improves the client experience and streamlines the entire process while providing an easy-to-understand way of engaging with finances thanks to our smart digital banking chatbots.
Automation of Know Your Customer (KYC) Processes
As a crucial part of banking, Know Your Customer (KYC) compliance is paramount. Consequently, our AI-driven banking technology solutions are capable of making the identity verification and risk assessment process simple and quick. At Chetu, we develop our AI systems to help with the onboarding process and continuous monitoring. We’ve enabled our systems to flag any suspicious changes or activities within a customer’s profile, ensuring that your financial institution is aware of potential fraudulent activity and maintains regulatory compliance.
Risk Management with AI
Determining the risks of an investment can be quite tricky. However, we’ve developed AI as a crucial tool that can detect, analyze, and predict potential issues on loans and economic developments. While seemingly complicated, we’ve built these solutions with a user-friendly approach in order for you to recognize emerging risks before they evolve – giving you the opportunity to be proactive about your financial decisions and ensure stability and security within your interests and your customers.
AI-Powered Predictive Data Analytics for Financial Forecasting
While financial forecasting has traditionally relied on statistics and historical data, Artificial Intelligence can analyze these data sources alongside real-time ones like market trends and patterns to determine market shifts accurately. AI-driven predictive data analytics for loans and quantum computing for financial AI are the key components that we use to make this possible – ultimately helping banks and other financial institutions make informed decisions about risk assessment, portfolio management, and market strategies.
Custom Loan Servicing & Origination Solutions
Atrix’s custom loan servicing and origination personalized solutions handle underwriting, origination, disbursement, servicing, amortization, processing, and so much more for financial services and institutions.
Loan Servicing & Management Systems
Our product development teams create custom loan servicing systems and Loan Management Systems (LMS) for banks, credit unions, and financial institutions, designed to track various loan types, including personal, business, student, mortgage, car, cash advance, and more.
Loan Origination Systems
We program Loan Origination Systems (LOS), including modules for online loan applications, underwriting, credit pull, decision support, conditions tracking, and more, built with upload, parsing, data extraction, and document management capabilities.
Loan Settlement Software Platforms
Chetu’s expert programmers create loan debt payment and settlement platforms that feature automated billing and payments, supporting Automated Clearing House (ACH) and Electronic Funds Transfer (EFT) payments for all payment types.
Custom Mobile Banking Software Solutions
Atrix IT Solutions makes it possible for mobile banking software providers to customize features, such as electronic bill payments, remote check deposits, P2P payments, fund transfers between accounts, text messaging, and statement downloading & printing.
Custom Mobile Banking App Development
We develop native mobile apps for banking services on iOS & Android, utilizing cross-platform development tools such as Xamarin & Apache Cordova to feature easily navigable and speedy UI/UX that’s responsive on smartphones, tablets, and wearable devices.
Core Banking System Integrations
We integrate mobile banking apps with a financial institution’s existing back-end CORE banking system, using RESTful APIs, which allow seamless cross-channel interactions and the ability to transfer funds between various accounts in real-time.
Check Remote Deposit Capture
Our developers implement Remote Deposit Capture (RDC) modules integrated with your device’s camera function to allow for check truncation and conversion of checks into ACH transactions in compliance with Check 21 mandates.
Custom Online Banking Software Systems
Atrix’s financial software development services create robust, straightforward customizations to online banking systems for brick-and-mortar and FinTech companies of any size, built with incorporated branding for enhanced consistency & visibility.
Custom Online Banking Platforms
Our advanced platforms are highly secure, allowing encrypted bi-lateral transactions and providing innovative solutions for crowdfunding, multi-currency e-wallets, cryptocurrency trading, and direct money transfers via social platforms.
Custom Online Banking Apps
Our custom mobile app development services make it easy for your customers to bank on the go with hybrid mobile banking apps that utilize tools like Apache Cordova (formerly PhoneGap) to create uniform user experiences across all digital channels, including web, iOS, and Android.
Custom Online Banking Security
Atrix’s banking solutions experts implement risk management tools & network security features, such as TCI/IP, SSL/TLS, Multi-Factor Authentication (MFA), One-Time Passwords (OTP), Single Sign-On (SSO), and SSH File Transfer Protocol (SFTP).
ATRIX ENSURES 100% PCI-DSS COMPLIANCE
Atrix’s banking software developers ensure your software complies with the strict regulatory standards on anti-money laundering and consumer protection standards. This includes the Payment Card Industry Security Standards Council (PCI SSC), Payment Card Industry Data Security Standard (PCI-DSS), and Payment Application Data Security Standard (PA-DSS). Also, Payment Application-Qualified Security Accessors (PA-QSA), SOX, Dodd-Frank, Check 21, and the Securities Act of 1933.
Custom ATM Software Development
Atrix’s banking software developers are at the forefront of the industry, configuring and customizing existing ATM software, as well as providing end-to-end ATM software development services for national and international financial institutions.
ATM Hardware Integrations
Our developers program multi-vendor software with integrations to various hardware platforms, including credit and debit card readers (MagTek, ID TECH, VeriFone, and Ingenico), card dispensers, and bill dispensers (LG, Fujitsu).
ATM Monitoring Systems
Our developers implement enterprise-wide ATM management software for remote diagnostics and monitoring, including back-end and admin portal programming, as well as automatic system updates within a self-service network.
ATM Management Solutions
We revamp CORE banking systems with modern interface solutions across an extensive network of ATMs, self-service kiosks, and mobile devices, designed to enhance the user experience by providing personalized options.
ATM Migration Solutions
Our skilled data migration experts custom-code software for EMV migrations, as well as integrations for banking CRMs with Business Intelligence (BI) software, multi-fraud protection features, and improved overall transaction capabilities.
Custom CORE Banking Solutions
Atrix’s developers provide Centralized Online Real-Time Exchange (CORE) banking software services that effortlessly support all of a bank’s most common transactions, including making and servicing loans, opening new accounts, and processing cash deposits & withdrawals.
CORE Banking Software Solutions
Our programmers fully automate all banking system operations with customizable CORE system platforms that utilize Java-based architectures and Service-Oriented Architectures (SOA) compatible with existing software and external networks.
CORE Security & Compliance
We develop secure, modular CORE banking systems to protect customers, meet government & industry standards, aid in security auditing, and avoid data breaches with recovery capabilities compliant with Anti-Money Laundering (AML) regulations.
CORE API Integrations
We develop secure API components that integrate with online, mobile, SMS, ATM, and other banking distribution channels, as well as integrating user-friendly interfaces with third-party APIs to adopt real-time processing and remote capture capabilities.
Custom EMV Software Solutions
Atrix IT Solutions provides a comprehensive, broad range of EMV software solutions from custom-coded programming to advanced feature implementation, enabling institutions to deliver secure data in sensitive environments.
EMV Software Development
Atrix IT Solutions offers professional end-to-end EMV migration services including EMV compliant software programming, testing, and validation for full and semi-integrated solutions.
EMV Security Solutions
We develop custom embedded software with tokenization data security protocols, including End-to-End (E2E) & Point-to-Point (P2P) encryption, and 3-D Secure (3DS) authentication.
ATM Management Solutions
We revamp CORE banking systems with modern interface solutions across an extensive network of ATMs, self-service kiosks, and mobile devices, designed to enhance the user experience by providing personalized options.
EMV Testing & Certification
We test and certify with MasterCard Terminal Integration Process (M-TIP), Terminal Quality Management (TQM), Visa Acquirer Device Validation Toolkit (ADVT), and much more.
Check 21 Software & ACH Processing Solutions
At Atrix IT Solutions, we customize your ACH payment processing and Check 21 capabilities to seamlessly integrate e-check processing functionality and credit card processing with secure verification systems and enhanced UX designs.
ACH eCheck Solutions
We build custom programming platforms for processing ACH payments with modules to automate ACH file creation, check verification and transmissions to various financial institutions, and create Remotely Created Check (RCC) images for deposits.
Check 21 & Electronic Check Processing Services
Our developers customize Check 21 truncation solutions to integrate with MICR check scanner hardware, such as RDM, Panini, Canon, Epson, and Burroughs, and develop custom check imaging platforms for e-payment processing integrations.
ACH Payment System Integration
We offer secure ACH database development integrated with CRM platforms to store accounts, routing numbers, check imaging remittance, automated clearing, and all other essential customer information via the cloud and/or mobile devices.
Banking Software Support
Banking and fiscal services have seen a significant transformation because of the use of new software solutions and apps. Atrix’s banking software support enhances efficiency, reliability, and regulatory compliance while improving the customer experience.
Currency Exchange Support
Currency Exchange Support enables real-time currency conversion. Chetu’s engineers can enable your software or app to integrate and maintain data exchanges with international banking systems while monitoring and updating exchange rates. This means users will have seamless and transparent foreign exchange transactions available on their devices across multiple platforms.
Check Processing Assistance
Chetu’s software developers can include check processing assistance in your software to help users automate the verification, capture, and clearance of checks with check processing. This includes scanning checks with mobile devices, validating checks, using OCR (Optical Character Recognition), and digital imaging to verify identity and reduce the risk of fraud or errors.
Automated Alerts Configuration
Our engineers can program automated alert configurations for your banking software to aid users in receiving fully automated alerts for potential fraud, fiscal updates, or regular account activities. Email, in-app notifications, or SMS can deliver these alerts. Automatically informing consumers about their accounts empowers users to act quickly when an error or potential fraud occurs.
Virtual Wallet Support
With our virtual wallet support, our coders enable virtual wallets to function seamlessly in your banking software. Virtual wallets offer customers ease of use and a way to store credit and debit cards without needing physical cards. Chetu enables secure, easy-to-use payment systems compatible with mobile and desktop devices.
Electronic Statement Issues
Our software experts write code that enables your software users to avoid electronic statement issues. Software solutions are continually updated so users can access their electronic statements on desktop and mobile devices. They can be assured of secure access to track balances, transactions, deposits, withdrawals, and account health with online banking.
Investment Portfolio Troubleshooting
Our team designs software algorithms that help with investment portfolio troubleshooting so that users can use tools that help both customers and financial advisors track and monitor their investment accounts and portfolios. Users can receive real-time notifications, assessments, and recommendations to maximize investment opportunities. All applicable financial regulations are adhered to.
Tax Reporting Guidance
Our engineers help with tax reporting guidance for your banking software. This includes generating reports for interest, income, category, or other tax-related information. Automation means that your software remains in compliance with complex financial reporting and tax compliance requirements, as well as industry standards, and for political jurisdictions and entities.
SWIFT Code Configuration
Our software engineers can help support and configure SWIFT code, also known as BIC (Bank Identifier Code), inside your software. SWIFT and BIC are essential for international wire transfers, cross-border payments, and communications inside our global financial network. Integration of the codes allows for payments to be processed securely in strict compliance with global financial standards.
Online Account Opening Support
Chetu’s online account opening support can help your software guide your digital-first users with a streamlined, logical, and secure process to open a new account. This process includes compliance checks, ID verification, document submission, and interfaces with your database for a seamless experience. Our programmers can design, upgrade, or integrate your software.
Automatic Bill Pay Assistance
Our software team will support your automatic bill pay assistance banking software, providing support for recurring payments of subscriptions, utilities, mortgage payments, and other services. This includes scheduling, processing, and confirming payments for users, bank employees, and third-party services including verified vendors. Users will be able to monitor payment times and enjoy good financial health.
FAQs Related to AI in Banking Software Development
How can AI improve customer experience in banking software?
AI can improve customer experience in banking software by providing personalized recommendations, offering real-time assistance through chatbots and virtual assistants, and streamlining processes such as account opening and loan applications.
What is banking software?
Banking software refers to a set of computer programs and applications used by banks and financial institutions to manage financial transactions, customer accounts, and other banking operations.
What is a Loan Origination System?
A Loan Origination System (LOS) is a software application that enables financial institutions to automate and streamline the loan application process, from initial application submission to loan approval and disbursement.
What are some emerging technologies used in Mobile Banking Software?
Some emerging technologies used in Mobile Banking Software include artificial intelligence for personalized recommendations and chatbots for customer support, blockchain for secure and efficient transactions, and augmented reality for enhanced customer experiences.
How can Mobile Banking Software be integrated with other banking systems?
Mobile Banking Software can be integrated with other banking systems through application programming interfaces (APIs) that enable data exchange and integration with core banking systems, payment processing systems, and other financial systems.
How does AI improve risk management in Loan Origination Systems?
AI improves risk management in Loan Origination Systems by analyzing borrower behavior and financial history to identify potential risks and mitigate them in real-time, and by providing automated fraud detection and prevention tools to reduce the risk of loan default and financial loss.
