The Economic Times  Mar 16  Comment 
PNB clarified that it had initiated the Finacle version up gradation activity almost one and a half years back.
The Economic Times  Mar 13  Comment 
People also pointed out that some of PNB’s 10,000-plus ATMs faced glitches after it changed the switch solution provider to FIS from ACI Worldwide.
TechCrunch  Jul 5  Comment 
 Ohpen, a Netherlands-based company that has built cloud-based core banking software, has raised €15 million in Series B funding, which I understand gives it a valuation of €100 million. Private equity firm Amerborgh has led the round, with...
The Economic Times  May 10  Comment 
The home ministry wants that all NGOs registered under the FCRA have their accounts in nationalised banks or in banks which have core banking facilities.
Banking Business Review  Oct 13  Comment 
JMR Infotech has announced they have won deal from Azizi Bank for the implementation of Oracle FLEXCUBE core banking solution.
Banking Business Review  Oct 4  Comment 
Temenos confirmed that Bank of Ireland Group has selected UniversalSuite, its front-to-back solution for retail, commercial and corporate banking, to be implemented as Bank of Ireland’s new core banking and channels platform.
Forbes  Aug 23  Comment 
NTT Data Consulting thinks banks are seriously considering replacement of old core systems, but they are not the first to think so. Will it happen? Eventually.
Banking Business Review  May 23  Comment 
Temenos has announced that it has signed an agreement to provide Laurentian Bank of Canada (LBC) with its award-winning RetailSuite, including core banking platform and analytics & reporting solutions.
The Economic Times  Mar 14  Comment 
Customers with Post Office savings can now operate their accounts from 20,106 branches as they have been connected with core banking facility.
The Times of India  Feb 15  Comment 
The department of posts now has a core banking system that is bigger than that of SBI, Union IT and communications minister Ravi Shankar Prasad has said.


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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