What Is Core Banking?

Core Banking System, English name: Core Banking System. The core banking system refers to the core business systems of banks in the financial industry. At present, the core banking systems are all customer-centric core banking systems that perform account processing, meet the integrated teller system, and provide 24-hour services.

Core banking system

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Core Banking System, English name: Core Banking System. The core banking system refers to the core business systems of banks in the financial industry. At present, the core banking systems are all customer-centric and handle account processing and fulfillment.
The choice of different technology platforms determines different technology implementations. There are currently two more mature technologies. (
According to different service objects, it can be divided into two categories.
In the first category, service customers are bank customers. Services provided include deposits, loans, settlements, and agency.
In the second category, the service object is the bank itself, and the services provided include branch / teller management, general ledger, internal ledger, cash, vouchers, statements, etc.

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