Core Banking Software Solutions
Statistics show that around 80% of small banks, cooperative banks, rural banks, and non-banking financial companies run on manual processes and are not exposed to the advantages of core banking solutions. Sticking to the manual processes of yesteryear involves very little flexibility, high maintenance cost and inability to cope up with the exponential growth in volumes brought up by digitization. For this, banks need a real-time integrated platform that can provide scalability, real-time customer information, zero risks, and extremely low maintenance cost.
However, over the next 40 years, most banks will choose to create a Centralized Online Real-time Exchange or Environment (CORE) to manage their operations, thus giving rise to core banking.
