Core banking

Core banking  is a  banking  service provided by a group of networked  bank branches  where customers may access their  bank account  and perform basic  transactions  from any of the member branch offices. Core banking is often associated with  retail banking  and many banks treat the retail customers as their core banking customers. Businesses are usually managed via the  corporate banking  division of the institution. Core banking covers basic depositing and lending of money. Core banking functions will include  transaction accounts ,  loans ,  mortgages  and  payments . Banks make these services available across multiple channels like  automated teller machines ,  Internet banking ,  mobile banking  and branches. Banking software  and network technology allows a bank to centralise its record keeping and allow access from any location. Source:.  ...