Core banking and banking as a service (BaaS)

Core banking and digital banking software 10 companies

A bank's core system records every account, balance and transaction. Its digital channels are the app and website through which customers reach it.

CandescentCandescent, with engineers in Bengaluru, Hyderabad and Mumbai, sells the apps and websites of American banks.Bengaluru · Hyderabad · MumbaiHiring now

FISFIS, with engineers in Pune, Bengaluru and Chennai, is one of the two largest sellers of core banking and card processing in America.Bengaluru · Chennai · Delhi NCRHired recently

FiservFiserv is the other: thousands of American banks keep their accounts on its systems.BengaluruHiring now

TemenosTemenos, a Swiss company, sells core banking, digital channels and lending systems to banks around the world.

FinastraFinastra sells core banking, digital channels and lending systems to banks around the world.

Tyfone Inc.Tyfone, with engineers in Bengaluru, sells the digital bank of American credit unions.

Global Software Solutions GroupGlobal Software Solutions Group, with engineers in Bengaluru and Chennai, sells Veracious, a core banking and payments system for banks in the Middle East.

Kiya.aiKiya.ai, formerly Infrasoft Technologies, is an Indian company that sells core banking and compliance software.

TymeXTymeX builds the core of Tyme Group's digital banks in South Africa and the Philippines.

TandemsTandems, with engineers in Delhi NCR, sells banking and advice software.See alsoWealth management and advisory platforms

The tech, explainedCore banking system Digital banking platform Payment hub

Card issuing and banking platforms 7 companies

A bank or fintech can launch a credit card, a loan or an account on these platforms instead of building the system itself.

PismoPismo, a Brazilian company bought by Visa in 2024, has engineers in Bengaluru. It sells a cloud system for card and account records.BengaluruHiring now

VegapayVegapay, with engineers in Bengaluru, is an Indian platform on which banks launch credit cards.Bengaluru

CARD91CARD91, with engineers in Bengaluru, is an Indian platform on which banks launch credit cards, including cards spent through UPI.Bengaluru

SetuSetu, owned by Pine Labs, sells software connections to India's public financial systems, such as UPI and Account Aggregator.Bengaluru

HyperfaceHyperface is an Indian platform on which banks launch credit cards.

Episode SixEpisode Six, with engineers in Chennai, sells account records and card issuing to banks in other countries.

OneFinOneFin sells fintechs software for taking and managing loans, which their apps call directly.

The tech, explainedCard issuing platform Banking APIs

Cash machines 1 company

Banks still need cash machines that take deposits and pay out notes.

Diebold NixdorfDiebold Nixdorf makes ATMs and the software that runs them, as well as tills for shops.MumbaiSee alsoRetail checkout and store systems

The tech, explainedATM

How it all worksDigital bankingYour money, from the app down to the core.

See how it works →

What's changing

The core is replaced while the bank keeps running.

Many banks still run on cores built decades ago. They are moving to new cloud cores account by account, because the bank cannot stop while it changes its most important system.