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What are the main differences between a core banking system and a billing system?

Billing Systems Core Banking
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Question ajoutée par Abdullah Mahhaden, CFA, CPA , Assurance Manager , Grant Thornton
Date de publication: 2013/06/18
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Zeeshan Bhutto
par Zeeshan Bhutto , Business / Financial Analyst - Finance , United Bank Limited

Firstly a core banking system consolidates financial and non financial information from across the bank branches into a centralized location to enable a bird's eye view of the bank.

 

A billing system manipultes the data available in order to produce customer wise output in the form of amount to be billed etc. Basically Core banking takes information in while billig system sends information out.

 

Billing system is not specific to banks whereas a core banking system is for banking purposes only.

 

suresh kunhiraman
par suresh kunhiraman , Lead Consultant in Ecommerce Project , GAVS Technologies

Core Banking is a system which works like a heart of a human being which can support and interact with all the other supported system of a bank.
Billing System is a software which works for any size of the organization.

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