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

Banqsoft Strengths, Domain Expertise, and Key Differentiators

Banqsoft focus on innovation and business development to provide new financial products and competitive distribution channels, to give customers new business opportunities and competitive advantages. They aim to combine cost-efficient portfolio management with state-of-the-art solutions to support your operation. Solutions and services are used by world-leading banks and asset-based financial services providers. They are determined to establish long-lasting partnerships with their customers, to be their first choice when they grow product offerings or expand into new markets.

Banqsoft Recent Developments

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.

The collaboration entails jointly promoting account-to-account payments to existing and new customers, validating open banking efficiencies. The partnership will also involve developing data solutions to enhance Banqsoft's portfolio for financial service providers.

In August 2021, Banqsoft acquire Norwegian software company Concent. The acquisition will enhance Banqsoft's capabilities, offer an additional product line within credit management and debt collection, and expand the customer base. The strategic acquisition is part of an international growth strategy supported by Banqsoft's owner, Danish IT group KMD, part of NEC, a global leader in the integration of IT and network technologies. Banqsoft will take over customer relations, software and 85 employees.

Banqsoft Mergers and Acquisitions (M&A) Activities

In 2015, KMD has successfully acquired Banqsoft AS, a Norwegian IT group specializing in financial sector software. Beyond its international implications, the acquisition holds strategic significance for KMD's growth objectives within the private sector.

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 customers.

Banqsoft Key Enterprise and Cloud Applications

Banqsoft View21

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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

No. of Banqsoft Enterprise Applications Customers: x

No. of Banqsoft Cloud Customers: x

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Banqsoft, with a workforce of 350 employees, oversees the development and management of a diverse clientele comprising over 300 entities across 30 countries. Notable clients include Toyota Financial Services, Bank Norwegian AS, Handelsbanken, Instabank, Komplett Bank, Sandvik, Santander, Volkswagen, and numerous others.

Banqsoft Market Opportunities, M&A and Geo Expansions

In March 2023, Tailwinds bringed strong international expansion for Banqsoft. With customer implementations in countries such as Germany, Spain and Switzerland, Banqsoft employees have the possibility of interacting with leading international financial institutions and strengthen the growth in interest from new customers outside the Nordics.

In June 2020, Banqsoft acquired part of E Foqus focused on the finance sector. The part of the company taken over by Banqsoft will become a subsidiary under the name Banqsoft Denmark and focus fully on the operation and development of Foqus Finance, which will thus continue as a product brand.

Banqsoft launche a new Azure cloud platform including open API’s in September 2019 to support customers with Open Banking, PSD2 and DSOP based on Banqsoft's ecosystem for financial products and services called View21. Open Banking has been one of the hottest technology trends in the banking industry for a while and a lot of financial services providers are truly embracing new business models and partnerships creating new financial products and services.

Banqsoft is already one of the main players in a number of Nordic markets for financial services software solutions, including banking and leasing. With this acquisition, Banqsoft will increase its presence in the Danish market considerably.

Banqsoft Risks and Challenges

Banqsoft's cloud migration is an ongoing initiative, with key priorities including transitioning customers from a license to an ASP delivery model, enhancing standardization and simplification, and optimizing the software factory for future expansion. The company remains committed to substantial investments to scale operations in tandem with the rising customer base and cross-border growth.

Banqsoft Ecosystem, Partners, Resellers and SI

Banqsoft headquarters are located in Oslo with eight offices across Norway, Sweden, Finland, Denmark and development centres located in Poland and Malaysia.

Their selection of partners underscores their commitment to delivering optimal quality to customers through efficient and user-friendly means. Notable partners include Link Mobility, OpenText, Business, Puzzel, Roaring, and Scrive

2018 for Banqsoft was the year of big compliance requirements like GDPR, IFRS9, AML4 and the ongoing adjustments to PSD2, consent-based loan application and integration with debt registers.

Banqsoft Cloud Infrastructure Insights

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• Banqsoft Public Cloud and Infrastructure (IaaS)
• Banqsoft Platform (PaaS)
• Banqsoft Application Delivery
• Banqsoft Private Cloud and Data Centers

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: