Banqsoft AS Among Apps Top 500

Østensjøveien 32

Oslo, x, 667, Norway

47 22 31 44 00

https://www.banqsoft.com/

1061

Banqsoft AS 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.

The leasing module from Banqsoft View21 covers operating and financial leasing or hybrids to both corporates and consumers. The solution supports areas like hire purchase, rental, auto leasing, equipment leasing, big- and small ticket leasing. The solution supports the complete lifecycle of leasing from contact to contract; product shaping, onboarding, credit handling and compliance like GDPR, FINREP, COREP, tax and VAT built-in. Banqsoft also offers wholesale partner integrations and self-service solutions with possibilities for multi-branding in all channels, delivered as responsive services for pc, tablet, and mobile phones.

Banqsoft AS Recent Developments

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 AS Mergers and Acquisitions (M&A) Activities

KMD has acquired the Norwegian IT group Banqsoft AS, which is engaged in software for the financial sector. Banqsoft is headquartered in Norway and has offices in Sweden, Finland, and Poland. As well as the international dimension, the acquisition is also of strategic importance to KMD's growth ambitions in the private sector.

Banqsoft AS Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Banqsoft AS 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 AS 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 AS Overview

Ownership: - KMD

Number of Employees: 350

Functional Markets: ERP Financial, ERP Services and Operations Management, TRM,

Key Verticals: Banking and Financial Services, Life Insurance, P&C Insurance, Specialty Insurance,

Banqsoft AS Key Enterprise and Cloud Applications

Banqsoft View21

Banqsoft AS Revenues, $M:

Type/Year 2020 2021 YoY Growth, %
Total Revenues, $M Subscribe Subscribe Subscribe
Enterprise Applications Revenues, $M Subscribe Subscribe Subscribe
Cloud Applications Revenues, $M Subscribe Subscribe Subscribe

* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.

Banqsoft AS Revenue Breakdown By Type, $M:

Type License Prof. Services Hardware Support & Maintenance SaaS PaaS IaaS Other (Non Enterprise Application Revenues) Total
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe 100%
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe

Banqsoft AS Revenues By Region, $M

Region % of Total Revenues 2021 Total Revenues, $M 2021 Enterprise Applications Revenues, $M 2021 Cloud Applications Revenues, $M
Americas Subscribe Subscribe Subscribe Subscribe
EMEA Subscribe Subscribe Subscribe Subscribe
APAC Subscribe Subscribe Subscribe Subscribe
Total Subscribe Subscribe Subscribe Subscribe

Banqsoft AS Direct vs Indirect sales

Region Direct Sales Indirect Sales Total
Type % Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe

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

List of Verified Banqsoft AS Customers


No. of Banqsoft AS Customers: 100

No. of Banqsoft AS Enterprise Applications Customers: 100

No. of Banqsoft AS Cloud Customers: x

No. of Banqsoft AS Cloud Subscribers: x


Banqsoft 350 employees develop and manage over 150 installations for 100 financial providers with sales agents and customers in 30 countries. Among their customers are, Toyota Financial Services, Bank Norwegian AS, Handelsbanken, Instabank, Komplett Bank, Sandvik, Santander, Volkswagen, and many others.

Banqsoft AS Market Opportunities, M&A and Geo Expansions

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 AS Risks and Challenges

Cloud migration is a work in progress. Further focus areas from Banqsoft are to continuously move customers from license to ASP delivery model, increased standardization and simplification as well as preparing the software factory for further growth. Banqsoft will also continue to invest significantly to scale in line with the increasing numbers of customers and cross-border growth.

Banqsoft AS 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.

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 partners and offers integrated services achieved through a long partnership with: OpenText, Microsoft, Basefarm, and others.

Banqsoft AS Cloud Infrastructure Insights

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  • Banqsoft AS Public Cloud and Infrastructure (IaaS)
  • Banqsoft AS Platform (PaaS)
  • Banqsoft AS Application Delivery
  • Banqsoft AS 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).


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