CORE BANKING

RECENT NEWS
The Hindu Business Line  Oct 13  Comment 
The Reserve Bank of India on Monday said full implementation of core banking solution will be included as an additional criterion for classifying an urban co-operative bank (UCB) as financi...
The Hindu Business Line  Jun 26  Comment 
The Vietnam Bank for Social Policies (VBSP) has deployed a core banking solution from Polaris Financial Technology in all of its 692 branches spread across Vietnam. Polaris’ Intell...
Forbes  Sep 23  Comment 
Nationwide had replaced its legacy core banking system with SAP. Others are considering similar moves, or looking for alternatives.
Forbes  Sep 10  Comment 
Core banking systems are overdue for replacement, but the costs and complexity are leading to modifications rather than replacement
The Hindu Business Line  Aug 19  Comment 
Our technical team is working on it, and we hope to get the system back in order by tomorrow: M. Narendra, CMD.
The Economic Times  Aug 8  Comment 
"Rather than the banking stocks, I would bet on companies which are on the verge of getting a banking license and into insurance business."
Cloud Computing  Jul 23  Comment 
Davis + Henderson Corporation ("D+H") (TSX:DH) today has entered into an agreement to acquire Harland Financial Solutions ("HFS"), a leading U.S-based provider of strategic technology, including lending and compliance, core banking, and channel...
The Hindu Business Line  Jul 4  Comment 
Finance Ministry measures to boost direct benefit transfer
The Hindu Business Line  Apr 15  Comment 
Financial technology company Polaris today said the Andhra Pradesh State Cooperative Bank Ltd has implemented its Intellect Core Banking Solution.The city-based company, in a statement said...
The Hindu Business Line  Dec 25  Comment 
With reference to “Exit non-core biz to help conserve capital, FinMin tells banks’, (Business Line, December 24), it is heartening that, even though belated, the Ministry has called...




 
TOP CONTRIBUTORS

Core banking is a general term used to describe the services provided by a group of networked bank branches. Bank customers may access their funds and other simple transactions from any of the member branch offices.

Core Banking is normally defined as the business conducted by a banking institution with its retail and small business customers. Many banks treat the retail customers as their core banking customers, and have a separate line of business to manage small businesses. Larger businesses are managed via the Corporate Banking division of the institution.Core banking basically is depositing and lending of money.

Normal core banking functions will include deposit accounts, loans, mortgages and payments. Banks make these services available across multiple channels like ATMs, Internet banking, and branches.

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