Core banking

Core Banking System or core banking system is a term for a computer system that maps the core processes of a bank (Core Banking) within the information technology.

It is a software that mostly on - which specially designed high-performance computer or a network of computers and the actual management and processing of data is carried out - formerly. As a platform for core banking systems that often still contain a lot of COBOL or assembler code, usually come still mainframe systems with legacy operating systems such as z / OS or BS2000 for use.

Core banking systems are required to handle electronically a typical nuclear processes such as the management of savings, loans or current accounts. Its functionality is similar in principle to the other data -processing software: There are data from customers, partners, etc. processed according to certain pre- defined rules, in which case a complete business process is being processed ( eg, a credit approval from detecting the first customer on credit scoring up to contract generation, the calculation of interest and creating bank statements and statistics).

Examples of core banking systems are software solutions such as Avaloq Banking System, bank21 of GAD eG, BANCOS, COR.FJA Banking Suite ( CORBAS ) Finnova, International Banking Package, Oracle Flexcube Banking Solutions Flexcube Core Banking - FCB Flexcube Direct Banking - FDB, T24 from Temenos Group, agree by the Fiducia IT, Kordoba CORE24, Legando, SAP Loans Management or the product TAMBAS / TIPAS of CPB SOFTWARE AG.

• Industry software
• Banking