Depending on the particular kind of bank, core banking operations vary. For instance, retail banking caters to individual clients, wholesale banking handles transactions between banks, and securities trading deals with the purchase and sale of stocks, shares, and other financial instruments. Core banking systems are frequently tailored to a certain kind of banking. Universal banking systems are occasionally used to describe products that are made to handle various essential banking functions.
Centralized Database
All customer and transaction data is stored centrally, enabling real-time updates and reporting.
Anytime, Anywhere Access
Customers can access services like deposits, withdrawals, fund transfers, and account inquiries from any branch or online channel.
Real-Time Processing
Transactions are reflected instantly across all branches and digital platforms.
Multi-channel Support
Integrates with ATMs, mobile banking, internet banking, SMS alerts, and more.
High Security
Core banking uses encryption, authentication, firewalls, and audit trails to protect customer data and funds.
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