Core Banking Solutions & Networks

Technology Q&A

Core Banking Solution
What type of network is used in core banking solution?

Core Banking Solution is the process of providing a centralized on-line system where all the data related to transactions, customer data (such as name, profession, income, family members, etc.) are stored and are available to all networked branches for access. The centralized data repository helps online transaction processing, making it easier and faster. Core Banking solutions have made banking more efficient by cutting down time in data access and has made database maintenance easier.