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Bankingly

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Last updated on

Company health

Employee growth
9% decrease in the last year
Web traffic
18% decrease in the last quarter
Financing
February 2023 - $19M

Ratings

G2
5.0/5
(1)
Capterra
4.6/5
(40)
Glassdoor
4.5/5
(9)

Bankingly description

Bankingly provides digital banking solutions for financial institutions through its cloud-based platform. It allows businesses to offer their customers online and mobile banking, including features like account opening, loan applications, and fraud prevention. Bankingly operates on a subscription basis, charging per active user. Over 120 institutions globally use the platform.


What companies are using Bankingly?

ABC Bank is using Bankingly
ABC Bank
Financoop is using Bankingly
Financoop
ValCredit is using Bankingly
ValCredit
Zapier is used by ABC Bank, Financoop, ValCredit.

Who is Bankingly best for

Bankingly is a cloud-based digital banking platform ideal for small financial institutions. It offers online and mobile banking features, including loan applications and fraud prevention. Users praise its fast implementation and user-friendly interface, while some note limited customization. Bankingly helps smaller banks and credit unions digitize their services cost-effectively.

  • Ideal for small financial institutions seeking to digitize banking services.

  • Best fit for finance, banking, and insurance companies.


Bankingly features

Supported

Bankingly offers digital banking via web and mobile apps.

Supported

Bankingly enables digital account opening for customers.

Supported

Users can apply for loans digitally via Bankingly.

Supported

Bankingly incorporates fraud prevention measures.

Supported

Bankingly features a dedicated admin portal.

Supported

Bankingly supports conversational banking features.

Supported

Bankingly facilitates digital onboarding of customers.


Bankingly reviews

We've summarised 41 Bankingly reviews (Bankingly Capterra reviews and Bankingly G2 reviews) and summarised the main points below.

Pros of Bankingly
  • Fast implementation and easy integration with other systems.
  • User-friendly interface for both customers and administrators.
  • Comprehensive documentation and excellent customer support.
  • Cost-effective solution for smaller financial institutions.
  • Wide range of functionalities available out-of-the-box.
Cons of Bankingly
  • Limited customization options, especially for forms and mobile features.
  • Slow response times for resolving operational issues and bugs.
  • High operation costs compared to competitors with similar features.
  • Lack of advanced features and integrations for specific security or regulatory needs.
  • Long implementation times and difficulties aligning with existing processes.

Bankingly pricing

The commentary is based on 6 reviews from Bankingly Capterra reviews.

No pricing information found.

See the Bankingly pricing page.


Bankingly alternatives

  • Logo of Alkami
    Alkami
    Modern digital banking platform empowering banks and credit unions.
    Read more
  • Logo of Finacle
    Finacle
    Modern core banking software for digital transformation.
    Read more
  • Logo of Finflux
    Finflux
    Cloud lending platform streamlining loans for financial businesses.
    Read more
  • Logo of Digital Edge
    Digital Edge
    Modern banking platform; better experiences, streamlined operations.
    Read more
  • Logo of Oracle Banking Digital Experience
    Oracle Banking Digital Experience
    Modern banking platform for engaging customer experiences.
    Read more
  • Logo of Temenos Infinity
    Temenos Infinity
    Digital banking platform for engaging customer experiences and faster product launches.
    Read more

Bankingly FAQ

  • What is Bankingly and what does Bankingly do?

    Bankingly is a cloud-based digital banking platform enabling financial institutions to offer online and mobile banking services. It provides features such as account opening, loan applications, and fraud prevention. Primarily targeting small to medium-sized banks and credit unions, Bankingly offers a cost-effective way to digitize banking operations.

  • How does Bankingly integrate with other tools?

    Bankingly integrates easily with other systems, providing a user-friendly interface for both customers and administrators. It offers a cost-effective solution with a wide range of out-of-the-box functionalities for smaller financial institutions. However, some users report limited customization options and slow response times for issue resolution.

  • What the main competitors of Bankingly?

    Bankingly's main competitors include Velmie and finhost, both offering digital banking platforms. Velmie emphasizes flexibility and scalability, while finhost focuses on rapid deployment of financial services. Other alternatives, though not direct competitors, include JumpCloud, IT Glue, Microsoft Entra External ID, and Hufsy, catering to broader IT and business needs.

  • Is Bankingly legit?

    Bankingly is a legitimate digital banking platform used by over 120 financial institutions globally. It offers a range of features, including loan applications and mobile access, making it a safe and viable option, especially for smaller financial institutions seeking digital transformation.

  • How much does Bankingly cost?

    Bankingly doesn't publicly disclose its pricing. Contact their sales team to obtain a customized quote based on your specific needs and requirements.

  • Is Bankingly customer service good?

    Bankingly's customer service receives mixed reviews. While some praise the helpful support and quick responses, others mention slow response times for operational issues. The documentation and onboarding support are generally considered excellent. However, addressing feature requests can be slow.


Reviewed by

MK
Michal Kaczor
CEO at Gralio

Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.

TT
Tymon Terlikiewicz
CTO at Gralio

Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.

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