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What is core banking and how does core banking work?

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Question added by Abdullah Mahhaden, CFA, CPA , Assurance Manager , Grant Thornton
Date Posted: 2013/06/18
Vineetha Muringayil,   PMP® ,  MBA
by Vineetha Muringayil, PMP® , MBA , IT Project Manager , Q Order LLC

Core banking are services provided by banks where customers may access their accounts and perform transactions from any branch of the bank. A core banking system helps address this and the day-to-day challenges faced by the banks.

Mohammad Ebadul Islam
by Mohammad Ebadul Islam , First Assistant Vice President , Al-Arafah Islami Bank Ltd

Core Banking is the business conducted by a banking institution with its retail and small business customers.  Larger businesses are managed via the corporate banking division of the institution. Core banking basically is depositing and lending of money

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