Best Microfinance Banking Software

Best microfinance banking software solutions are Websoftex Nidhi, Jayam, CloudBankin, CoBIS, and OpenCBS. Become Best microfinance bank with any of these software platforms as they are user-friendly, and come with a huge range of features.

Supriya Bajaj
Researched and Written by Supriya Bajaj
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Jainy Patel
Reviewed and Edited by Jainy Patel
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Most Popular Microfinance Banking Software

This listing showcases software based on user recommendations and popularity. It also highlights products from our valued client partnerships.

SoftwareSuggest offers verified & unbiased user reviews based on user ratings and feedback. Our ratings and reports do not contain any paid placements. Learn more about our ranking methodology.

List of 20 Best Microfinance Banking Software

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Emergents | 2025

Product Description

Temenos is efficient software for internet banking known for its scalability. This award-winning software offers banking solutions to wealth managers and financial institutions, including corporate, retail, community, microfinance, and community banks. Read More About Temenos

Temenos Is Tailored For

StartUps

SMBs

Mid-Market

Enterprises

Features

  • Blockchain Integration
  • Artificial Intelligence
  • Channels And User Experience
  • Financial Crime Mitigation
  • Analytics And Reporting
  • Api First Design
  • Treasury Management
  • Microservices
  • View all Features

Temenos Features and Usability-Based User Satisfaction Score

Freshness Score 8.5

Freshness Score

Out of 10

Social Score 5.0

Social Score

Out of 10

Emergents | 2025

Product Description

Mambu is one of the best online banking software solutions that is well-known for its speed and agility. It is a cloud-based platform that aims to deliver end-to-end banking services to create an enriching experience for customers. Read More About Mambu

Mambu Is Tailored For

StartUps

SMBs

Mid-Market

Enterprises

Features

  • Transaction Monitoring
  • Credit Scoring
  • Core Banking
  • Api Integration
  • Digital Banking
  • Fraud Detection
  • Compliance
  • Customer Management
  • View all Features

Mambu Features and Usability-Based User Satisfaction Score

Freshness Score 7.5

Freshness Score

Out of 10

Social Score 5.0

Social Score

Out of 10

Emergents | 2025

Product Description

This information is provided by vendor.

Finacle is a robust banking solution suite from Infosys that empowers financial institutions with advanced digital capabilities. It streamlines core banking operations, enhances customer experiences, and drives innovation in financial services. Read More About Finacle

Finacle Is Tailored For

StartUps

SMBs

Mid-Market

Enterprises

Features

  • Trade Finance
  • Blockchain Solutions
  • Payments
  • Compliance
  • Corporate Banking
  • Lending
  • Digital Banking
  • Wealth Management
  • View all Features
3.3
out of 5 (4 Reviews)
Features
3.5
Ease of Use
3.3
Value for Money
3.5
Customer Support
3.0
Gift Felix
Customer Success Manager

Finacle is easy to navigate using the menu on the software, and user-friendly to beginners.

Read all 4 Reviews

Finacle Features and Usability-Based User Satisfaction Score

Rating Score 6.6

Rating Score

Out of 10

Review Score 1.0

Review Score

Out of 10

Freshness Score 10.0

Freshness Score

Out of 10

Social Score 8.0

Social Score

Out of 10

Visitor Score 8.0

Visitor Score

Out of 10

Most Reviewed

Emergents | 2025

Product Description

Bankingly is a trustworthy online banking security software built for financial institutions. This robust software facilitates web, mobile, and social media banking at an affordable price. Bankingly offers training via documentation and live online sessions. Read More About Bankingly

Bankingly Is Tailored For

StartUps

SMBs

Mid-Market

Enterprises

Features

  • Analytics And Reporting
  • Loan Management
  • Fund Transfers
  • Budgeting Tools
  • Personal Finance Management
  • Atm Locator
  • Transaction History
  • User Management
  • View all Features

Bankingly Features and Usability-Based User Satisfaction Score

Freshness Score 8.5

Freshness Score

Out of 10

Social Score 5.0

Social Score

Out of 10

Emergents | 2025

Product Description

Nelito loan origination is a fully-featured loan origination software designed to serve SMEs, enterprises, and agencies. Nelito loan origination provides end-to-end solutions. This loan origination system offers compliance management, document management, loan processing, and online application in one place. Read More About Nelito

Nelito Is Tailored For

StartUps

SMBs

Mid-Market

Enterprises

Features

  • Risk Assessment
  • Reporting And Analytics
  • Collateral Management
  • User Access Control
  • Document Management
  • Multi Channel Support
  • Loan Product Management
  • Application Processing
  • View all Features

Nelito Features and Usability-Based User Satisfaction Score

Freshness Score 8.5

Freshness Score

Out of 10

Social Score 5.0

Social Score

Out of 10

Emergents | 2025

Product Description

This information is provided by vendor.

Websoftex is a payroll manager for companies of all sizes. This payroll software creates payslips, salary registers, leave management, bonds, loans, and income tax. It should be able to enter the overtime and absence details or import from PDF files for all staff. Read More About Websoftex Nidhi

Websoftex Nidhi Is Tailored For

StartUps

SMBs

Mid-Market

Enterprises

Features

  • Agent Management
  • Loan Management
  • Document Management
  • User Access Control
  • Sms Alerts
  • Fixed Deposit Management
  • Email Notifications
  • Interest Calculation
  • View all Features

Websoftex Nidhi Features and Usability-Based User Satisfaction Score

Freshness Score 9.5

Freshness Score

Out of 10

Social Score 5.0

Social Score

Out of 10

Visitor Score 2.0

Visitor Score

Out of 10

Emergents | 2025

Software by Jayam Solutions Private Limited

Product Description

Jayam is a trailblazer in software solutions, offering scalable, cost-effective products tailored for SMEs and MSMEs. Their innovative approach and commitment to quality have revolutionized industries, making business operations smoother and more efficient globally. Read More About Jayam

Jayam Is Tailored For

StartUps

SMBs

Mid-Market

Enterprises

Features

  • Asset Maintenance
  • Barcode Integration
  • Alerts And Notifications
  • Asset Tracking
  • Asset Disposal
  • Audit Trail
  • Compliance Management
  • Asset Lifecycle Management
  • View all Features

Jayam Features and Usability-Based User Satisfaction Score

Freshness Score 8.0

Freshness Score

Out of 10

Social Score 5.0

Social Score

Out of 10

Contenders | 2025

Product Description

This information is provided by vendor.

CloudBankIN is the SaaS Banking Engine, which has the functionality of Savings, Deposits, Shares, Loan Management System, Collections, Accounting, Internet Banking, and Mobile Banking. This software will be widely used by Banks, NBFCs, and MFIs. Read More About CloudBankIN

CloudBankIN Is Tailored For

StartUps

SMBs

Mid-Market

Enterprises

Features

  • Amortization Scheduling
  • Mobile Access
  • Loan Servicing
  • Notifications And Alerts
  • Customer Portal
  • Payment Processing
  • Multi Currency Support
  • Compliance Management
  • View all Features
5.0
out of 5 (1 Review)
Features
5.0
Ease of Use
5.0
Value for Money
4.0
Customer Support
4.0
Mani
Marketer

The system is designed to be simple and adaptable. The setup is also very straightforward, allowing our organization to kick-start our process in a very short time. After using it, many manual errors have been reduced.

Read Review

CloudBankIN Features and Usability-Based User Satisfaction Score

Rating Score 10.0

Rating Score

Out of 10

Review Score 1.0

Review Score

Out of 10

Freshness Score 10.0

Freshness Score

Out of 10

Social Score 10.0

Social Score

Out of 10

Visitor Score 6.0

Visitor Score

Out of 10

Emergents | 2025

Product Description

CoBIS is a comprehensive microfinance management solution designed to enhance productivity and customer satisfaction for financial institutions of all sizes. It offers seamless digital banking, robust financial reporting, and customizable support services globally. Read More About CoBIS

CoBIS Is Tailored For

StartUps

SMBs

Mid-Market

Enterprises

Features

  • Investment Management
  • Compliance Management
  • Customer Relationship Management (crm)
  • Account Management
  • Document Management
  • Fund Transfer
  • Atm Management
  • User Access Control
  • View all Features

CoBIS Features and Usability-Based User Satisfaction Score

Freshness Score 8.0

Freshness Score

Out of 10

Social Score 5.0

Social Score

Out of 10

Emergents | 2025

Product Description

This information is provided by vendor.

Adysoft Nidhi is your go-to solution for efficient financial management. Tailored for Nidhi companies, it streamlines operations, enhances member services, and ensures compliance with ease. Experience seamless integration and robust features designed to elevate your business. Read More About Adysoft Nidhi

Adysoft Nidhi Is Tailored For

StartUps

SMBs

Mid-Market

Enterprises

Features

  • Accounting Management
  • Interest Calculation
  • User Role Management
  • Loan Management
  • Audit Trail
  • Cheque Management
  • Agent Management
  • Branch Management
  • View all Features

Adysoft Nidhi Features and Usability-Based User Satisfaction Score

Freshness Score 7.5

Freshness Score

Out of 10

Social Score 5.0

Social Score

Out of 10

Visitor Score 2.0

Visitor Score

Out of 10

Emergents | 2025

Product Description

OpenCBS is a versatile, cloud-based core banking system designed for financial institutions. It streamlines loan origination, integrates seamlessly with other systems, and offers a user-friendly tablet app for field operations, ensuring efficient, scalable, and inclusive financial services. Read More About OpenCBS

OpenCBS Is Tailored For

StartUps

SMBs

Mid-Market

Enterprises

Features

  • Client Management
  • Internet Banking
  • Multi Currency
  • Core Banking
  • Interest Calculation
  • Audit Trail
  • Sms Banking
  • Reporting
  • View all Features

OpenCBS Features and Usability-Based User Satisfaction Score

Freshness Score 7.0

Freshness Score

Out of 10

Social Score 5.0

Social Score

Out of 10

Emergents | 2025

Product Description

This information is provided by vendor.

Core Banking Solution (CBS) by Virmati offers a robust set of modules to carry out daily operational tasks efficiently. It is suitable for all types of banks, including the central bank of a country, private banks, investment banks, service banks, and more. Read More About Virmati’s CBS

Virmati’s CBS Is Tailored For

StartUps

SMBs

Mid-Market

Enterprises

Features

  • Multi Branch Support
  • Internet Banking
  • Risk Management
  • Cheque Truncation System (cts)
  • Business Analytics
  • Core Banking
  • Financial Accounting
  • Deposit Management
  • View all Features

Virmati’s CBS Features and Usability-Based User Satisfaction Score

Freshness Score 7.5

Freshness Score

Out of 10

Social Score 5.0

Social Score

Out of 10

Visitor Score 2.0

Visitor Score

Out of 10

Emergents | 2025

Product Description

This information is provided by vendor.

Award-winning AI-based end-to-end digital lending management SaaS platform for SMEs and enterprise businesses, including banks, credit unions, finance companies, in-house lenders, non-profits, and governments. Read More About TurnKey Lender

TurnKey Lender Is Tailored For

StartUps

SMBs

Mid-Market

Enterprises

Features

  • Third Party Integrations
  • Automated Underwriting
  • Risk Management
  • Customer Relationship Management (crm)
  • Compliance Management
  • Fraud Detection
  • Mobile Access
  • Reporting And Analytics
  • View all Features

TurnKey Lender Features and Usability-Based User Satisfaction Score

Freshness Score 9.5

Freshness Score

Out of 10

Social Score 5.0

Social Score

Out of 10

Visitor Score 4.0

Visitor Score

Out of 10

Emergents | 2025

Product Description

Sopra Steria is a leading European tech company with 56,000 employees across 30 countries, excelling in consulting, digital services, and software development. Recognized as a 2024 AI technology leader, they champion responsible and sustainable AI innovations. Read More About Sopra Steria

Sopra Steria Is Tailored For

StartUps

SMBs

Mid-Market

Enterprises

Features

  • Collateral Management
  • Integration Capabilities
  • Workflow Automation
  • Risk Management
  • Interest Rate Management
  • Loan Restructuring
  • Amortization Scheduling
  • Document Management
  • View all Features

Sopra Steria Features and Usability-Based User Satisfaction Score

Freshness Score 7.0

Freshness Score

Out of 10

Social Score 5.0

Social Score

Out of 10

Emergents | 2025

Product Description

This information is provided by vendor.

Improve FTFR with intelligent job assignment and easy access to the right tools. Reduce downtime and boost service technician productivity. Enhance customer experience with seamless service agility. Read More About Dista Service

Dista Service Is Tailored For

StartUps

SMBs

Mid-Market

Enterprises

Features

  • Gps Integration
  • Customer Management
  • Work Order Management
  • Integration With CRM
  • Service History
  • Invoicing
  • Mobile App
  • Notifications And Alerts
  • View all Features

Dista Service Features and Usability-Based User Satisfaction Score

Freshness Score 9.0

Freshness Score

Out of 10

Social Score 5.0

Social Score

Out of 10

Visitor Score 4.0

Visitor Score

Out of 10

Contenders | 2025

Product Description

This information is provided by vendor.

With Arukus Audit & Compliance Management System, microfinance institutions gain the power to seamlessly uphold compliance standards across all their processes and sub-processes, spanning every branch within the organization. Read More About Arukus Audit & Compliance

Arukus Audit & Compliance Is Tailored For

StartUps

SMBs

Mid-Market

Enterprises

Features

  • Branch Management
  • Customer Management
  • Sms And Email Notifications
  • Agent Management
  • Recurring Deposit Management
  • Accounting Integration
  • Compliance Management
  • User Access Control
  • View all Features
5.0
out of 5 (1 Review)
Features
5.0
Ease of Use
5.0
Value for Money
5.0
Customer Support
5.0
Gopal
CRO

It's completely customizable software. All the major MFi and NBFC use this software. It is excellent to use, very user-friendly, and 24/7 support is available. One of the best.

Read Review

Arukus Audit & Compliance Features and Usability-Based User Satisfaction Score

Rating Score 10.0

Rating Score

Out of 10

Review Score 1.0

Review Score

Out of 10

Freshness Score 10.0

Freshness Score

Out of 10

Social Score 10.0

Social Score

Out of 10

Visitor Score 6.0

Visitor Score

Out of 10

Emergents | 2025

Product Description

This information is provided by vendor.

Financial middleware solution for orchestrating and automating workflows regarding the processing of financial transactions. Unbundle, convert, filter, validate, rebundle, and transmit financial messages in any format throughout your digital banking infrastructure. Read More About Symphony - Financial Middleware

Symphony - Financial Middleware Is Tailored For

StartUps

SMBs

Mid-Market

Enterprises

Features

  • Reporting And Analytics
  • Real Time Payment Processing
  • Chargeback Management
  • Api Integration
  • Settlement Management
  • Compliance Management
  • Multi Currency Support
  • Mobile Payment Support
  • View all Features

Symphony - Financial Middleware Features and Usability-Based User Satisfaction Score

Freshness Score 9.0

Freshness Score

Out of 10

Social Score 5.0

Social Score

Out of 10

Visitor Score 2.0

Visitor Score

Out of 10

Emergents | 2025

Product Description

This information is provided by vendor.

Vexil Infotech is a scalable and dependable microfinance solution that enables you to automate your business processes through technology and allows you to plan your future growth and investments through an integrated platform. Read More About Integrated Microfinance Solutions (IMS)

Integrated Microfinance Solutions (IMS) Is Tailored For

StartUps

SMBs

Mid-Market

Enterprises

Features

  • Interest Calculation
  • Compliance Management
  • Disbursement Management
  • Accounting Integration
  • Savings Management
  • Loan Management
  • Document Management
  • Sms Notifications
  • View all Features

Startup

$ 417

Single Branch, Single User

Get Offer

Premium

$ 2083

3 Branches, Multiple Users

Get Offer

Enterprise

$ 6944

Unlimited Branches, Multiple Users

Get Offer

Integrated Microfinance Solutions (IMS) Features and Usability-Based User Satisfaction Score

Freshness Score 9.5

Freshness Score

Out of 10

Social Score 5.0

Social Score

Out of 10

Visitor Score 2.0

Visitor Score

Out of 10

Emergents | 2025

Helping Organizations Move from Higher Risk to Low

Product Description

This information is provided by vendor.

Arukus Enterprise Risk Management tool for MFIs & NBFCs helps Risk Officers to identify potential risks, evaluate their impact, and take proactive measures to reduce and manage them effectively. Read More About Arukus ERM

Arukus ERM Is Tailored For

StartUps

SMBs

Mid-Market

Enterprises

Features

  • Business Continuity Planning
  • Document Management
  • Third Party Risk Management
  • Dashboard And Reporting
  • Risk Assessment
  • Risk Reporting
  • Workflow Automation
  • Risk Identification
  • View all Features

Arukus ERM Features and Usability-Based User Satisfaction Score

Freshness Score 9.0

Freshness Score

Out of 10

Social Score 5.0

Social Score

Out of 10

Visitor Score 2.0

Visitor Score

Out of 10

Emergents | 2025

Product Description

This information is provided by vendor.

Virtuoso Nidhi Banking System Software is designed for microfinance and banking companies. This solution is developed to simplify your banking processes and enhance efficiency. Read More About Virtuoso Nidhi

Virtuoso Nidhi Is Tailored For

StartUps

SMBs

Mid-Market

Enterprises

Features

  • Financial Reporting
  • Document Management
  • Fixed Deposit Management
  • Penalty Calculation
  • Interest Calculation
  • Sms And Email Notifications
  • Compliance Management
  • Accounting Management
  • View all Features

Virtuoso Nidhi Features and Usability-Based User Satisfaction Score

Freshness Score 8.0

Freshness Score

Out of 10

Social Score 5.0

Social Score

Out of 10

Visitor Score 2.0

Visitor Score

Out of 10

FAQs

What is Microfinance Banking Software?

Microfinance banking software is used by companies based in the industry and performs similar activities as a National Bank, like opening accounts, making deposits and withdrawals, giving loans, etc.

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Last Updated: August 20, 2024