Core Banking

IT Solution And Business

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 Online Real-time Environment

 

Key Features of Core Banking

  1. Centralized Database
    All customer and transaction data is stored centrally, enabling real-time updates and reporting.

  2. Anytime, Anywhere Access
    Customers can access services like deposits, withdrawals, fund transfers, and account inquiries from any branch or online channel.

  3. Real-Time Processing
    Transactions are reflected instantly across all branches and digital platforms.

  4. Multi-channel Support
    Integrates with ATMsmobile bankinginternet bankingSMS alerts, and more.

  5. High Security
    Core banking uses encryption, authentication, firewalls, and audit trails to protect customer data and funds.

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