The technology of banking architecture is developing at a fast pace. Almost all the leading banks in the market have started investing in the development of robust yet malleable core banking architectures so that the demand of the market can be met. With the advent in technology, customers’ expectations have increased manifold and a bank must deliver at par with those expectations so that it can maintain its market position.
The good thing is that there are a number banking software development companies which are constantly working towards the development of better core banking architecture. If you check the track record of the banking software development companies in the last decade, you would notice that several leading software providers came up with banking technology platforms, which were configurable to adapt all kinds of banking system and thus, capable of satisfying the increasing expectations of the customers. However, only a few of the newly developed core banking software can be considered worthy of use. Needless to say, the most successful among these newly launched platforms was T24.
T24 is probably the one banking software which took the longest time to get developed and at the same time, the shortest time to grow. Today, a large number of commercial banks have started adapting T24 in their system as the core architectural software. T24 banking software is considered the best banking software in the market because of a few reasons, the most important of them being its flexibility and configuration. So, the banks can easily integrate their current banking systems in T24 without any stability issues.
If you wish to acquire T24 for your bank, you should keep in mind that its installation and implementation demand elaborate testing. This is to ensure that your banking system takes full advantage of the configurability of the platform. Due to the popularity of T24 core banking software, a number of agencies have come up that provide third-party technical support for the software. A few of these agencies also provide testing services. So, you can either go for in house testing or hire one of these third party testing agencies.
There is another set of agencies in the market that provide training regarding the usage and implementation of T24 core banking architecture. If a bank adopts T24 banking software as its primary architecture, it is always wise to get an internal team trained in the functioning of T24 core banking architecture, so that the use of the software can be maximized. This would also reduce the dependency of the bank on third-party support agencies.
