Core Banking System
A core banking system is the back-end platform that processes deposits, loans, payments, and account updates for a bank. It serves as the system of record for customer accounts and balances.
Core systems handle transactions, interest calculations, and ledger postings across channels. Modern cores increasingly expose APIs for digital and fintech integrations.
Related Terms
Bank Statement
A bank statement is a document issued by a financial institution that summarizes all transactions in...
Ledger
A ledger is a book or digital record containing all financial transactions of a business, organized ...
API
Application Programming Interface
An API is a set of protocols and tools that allows different software applications to communicate wi...
Fintech
Financial Technology
Fintech refers to technology-driven innovation in financial services. It encompasses mobile banking,...
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