Most of the core banking systems were built in an age where new product launches could take a long time and were likely to disrupt business operations. Over the past decade, there is an increased sophistication of front and back-office banking operations.
Banks have embraced IT services to improve customer experience and the efficiency of banking operations. Customer relationship management (CRM) systems, loan origination systems, and channel systems are examples of the “surround” systems that envelop the core systems, which makes it easy to modify application logic.
- Customer onboarding
- Loan processing
- Credit card processing
- Core Banking Operations
- Risk and compliance