CORE BANKING

RECENT NEWS
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.
Motley Fool  Dec 2  Comment 
The Canadian bank remains healthy despite tough industry conditions.
Forbes  Jul 21  Comment 
Regional and community banks have an easier time moving to modern core systems, or adapting their existing systems, than money center banks with huge, heavily customized infrastructure.
Forbes  Feb 2  Comment 
PNC is investing in BIAN and standards to provide a way to gradually replace legacy systems.
Forbes  Dec 8  Comment 
With a real-time core banking platform from Infosys, Discover Financial will be able to introduce new products quickly and provide immediate updates to impatient mobile users.
Forbes  Nov 26  Comment 
Standards and componentization in banking systems will make it easier to modernize cores to meet digital banking needs
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...




 
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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