Banqsoft Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS TOP 500 Market Report

Banqsoft Strengths, Domain Expertise, and Key Differentiators

Banqsoft is committed to driving innovation and business growth by delivering cutting-edge financial products and competitive distribution channels, enabling customers to unlock new opportunities and gain a market edge. By blending cost-effective portfolio management with advanced technology, Banqsoft supports leading banks and asset-based financial service providers worldwide. The company is dedicated to building enduring partnerships, positioning itself as the go-to choice for customers looking to expand their product offerings or enter new markets.

Banqsoft Recent Developments

In December 2024, Foqus Finance is now listed on Microsoft AppSource, marking a key milestone in enhancing our asset finance solutions. This listing ensures compliance with Microsoft’s security standards and seamless integration with Business Central Online, built on Microsoft Azure. Customers will benefit from improved features, scalability, and accessibility, with new users experiencing smooth integration and automatic updates. Existing on-premise users can transition at their own pace, enjoying continued strong performance.

In September 2023, Banqsoft partnered with Scrive to deliver a comprehensive digital transformation solution, combining Banqsoft's expertise in financial software with Scrive’s e-signing and eID capabilities. This collaboration aims to meet the growing demand for end-to-end digital solutions, particularly in the Nordic market, where both companies have deep insights into regional regulations and customer behavior. By aligning their strengths in digital banking, asset finance, and credit management, Banqsoft and Scrive are enabling businesses to adapt to the digital era with enhanced efficiency and security, while continuously evolving their offerings to stay ahead in a rapidly changing landscape.

In April 2022, Banqsoft established a partnership with Neonomics to expedite the implementation of innovative account-to-account payment solutions. This collaboration aims to enhance operational efficiency for customers, focusing on both cost-effectiveness and user experience improvements.

Banqsoft Mergers and Acquisitions (M&A) Activities

In September 2023, Banqsoft, a rapidly growing Nordic FinTech and part of the global NEC Group via Danish IT firm KMD, strategically acquired Concent to fuel its international expansion and deepen its footprint in credit management and debt collection software. This move not only adds a complementary product line and 85 skilled employees across Norway, Poland, and Sweden, but also broadens Banqsoft’s customer base with municipalities, banks, and collection agencies. By integrating Concent’s modern, data-rich solutions and domain expertise, Banqsoft enhances its analytics-driven capabilities across the credit lifecycle. This acquisition reflects Banqsoft’s marketing analytics-focused strategy—leveraging customer data, expanding cross-market reach, and delivering scalable software solutions that support smarter decision-making in financial services.

Banqsoft Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Banqsoft applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Banqsoft and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Banqsoft View21, Banqsoft Foqus Finance customers.

Banqsoft Key Enterprise and Cloud Applications

Banqsoft View21, Banqsoft Foqus Finance

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Banqsoft Direct vs Indirect sales

Banqsoft Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Banqsoft Customers

No. of Banqsoft Customers: 300

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In January 2023, Wasa Kredit enhanced its operations by implementing Banqsoft’s advanced asset-financing solution to streamline its leasing and lending services for both private and corporate customers across Sweden. This modernization aims to improve self-service options and back-office functions, utilizing Banqsoft’s PreView onboarding engine, CoreView contract management system, and LiveView for reporting and data analytics. The solution, delivered as a SaaS model, provides Wasa Kredit with a scalable, standardized platform that aligns with its long-term strategy, ensuring compliance while supporting growth. With stepwise integration, close collaboration, and feedback from internal users, the successful implementation has already started to transform Wasa Kredit’s leasing products, positioning the company for continued success in the evolving financial landscape.

Banqsoft, with a workforce of 400 employees, manages the development and oversight of a diverse portfolio of over 300 clients across 30 countries. Prominent clients include Toyota Financial Services, Bank Norwegian AS, Handelsbanken, Instabank, Komplett Bank, Sandvik, Santander, Volkswagen, and many others.

Banqsoft Market Opportunities, M&A and Geo Expansions

In March 2023, Banqsoft experienced significant international growth, fueled by its strategic expansion into key European markets such as Germany, Spain, and Switzerland. This move not only allowed Banqsoft to engage with prominent global financial institutions but also amplified the company's appeal to new customers beyond the Nordic region. The expansion opens up fresh opportunities for Banqsoft to enhance its market presence and leverage cross-border collaborations, accelerating its growth trajectory and strengthening its competitive edge in the global financial services sector.

In December 2023, Banqsoft made a strategic move by appointing Camilla Sorknes as the leader for its newly merged Digital Banking and Credit Management division. With her extensive leadership experience in the tech and Fintech sectors, including her work with major global banks, Sorknes is well-positioned to drive the company’s growth. This appointment will enable Banqsoft to leverage synergies between banking and debt collection, enhance operational efficiency, and accelerate the development of innovative solutions. As Banqsoft continues to adapt to the rapidly evolving financial technology landscape, Sorknes' leadership will unlock significant opportunities for expansion and strengthen the company’s market position.

Banqsoft Risks and Challenges

Banqsoft's ongoing cloud migration presents several risks, including potential challenges in transitioning customers from a license-based model to an ASP delivery system, which could impact service continuity. Efforts to standardize and simplify processes may face resistance or lead to integration issues, while optimizing the software factory for future expansion requires careful management to ensure scalability. As the company invests heavily to scale operations alongside its growing customer base and international expansion, there is a risk of resource strain and the complexity of maintaining consistent service quality across diverse regions.

Banqsoft Ecosystem, Partners, Resellers and SI

Banqsoft's ecosystem is built on a robust network of innovative financial solutions and strategic partnerships, enabling seamless integration and scalability across various sectors, including digital banking, asset finance, and credit management. By leveraging cutting-edge technology and cloud-based platforms, Banqsoft empowers financial institutions with efficient tools for portfolio management, compliance, and customer engagement. Their ecosystem is designed to support long-term growth, offering clients a flexible and secure infrastructure for expanding product offerings and entering new markets.

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: