Register now or log in to join your professional community.
Core Banking is centralization on banking activities. There was a time, prior to wide use of internet, banking activities such as deposits, withdrawal, etc. were limited to only the base branch (the branch where the account belongs to).
But now you can do all that from anywhere you wish. Not only the same banks but different banks as well.
As for the working is concerned, every bank has it's own data center, so same banking activities are handled with it.
i believe INCORE terms in banking are the group of polices and procedures that organize and regulate the services provided by a group of networked bank branches where customers may access their bank accounts and perform banking transactions from any member branch or office.
These procedures often handle the following