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Banking Software

Banking Software

Banking Software

Right now there are four companies at the head of the banking software market across the world. Take a brief look at each and see what each company specializes in:

FX Software was founded in 1997 in Budapest, Hungary. They specialize in treasury processes, accounting tasks, account management and asset financing (crediting and leasing), specifically in relation to their major software product called the Inforex (FX) financial solution. Their Inforex solution

Bloomberg is a privately held financial software, news, and data company located in New York, USA. It provides financial software tools such as analytics and equity trading platform to financial companies around the world through the Bloomberg Terminal, its core money-generating product.

The Bloomberg Terminal is a computer system that enables financial professionals to access the Bloomberg Professional service through which users can monitor and analye real-time financial market data movements and place trades.

Reuters Financial Software is a company bought by Thomson and is based in France with thousands of worldwide employees. Reuters is in partnership with FX Software and their products specialize in financial information management, positions and risks, purchase order management, and financial instrument sales. Reuters software also offers a complete line of Front to Back Office solutions.

Wall Street Systems is headquartered in New York, USA. It has 500 employees working out of 12 offices worldwide. Wall Street Systems provides solutions for improved workflow, control and overall productivity for corporate treasury, bank treasury, central banking, FX trading and global back-office operations. Examples of these back-office tasks include IT departments that keep the phones and computers running (operations architecture), accounting, and human resources (customer relations).

One can think of FX Software as an up and coming company and it has sufficient services to render to its customers to be competitive in the market. Bloomberg and their Bloomberg Terminal is user-friendly and works in hand with FX Software to create better solutions. Reuters is a multi-national company and has some of the best Front and Back Office solutions in the world. Reuters also partners with both FX Software and Bloomberg. Finally, Wall Street Systems is the big player that tends to heavily influence the US market and has similar features to the rest. Who is your favorite? Try them out for yourself.
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Banking Software