Core Banking refers to the services provided by a network of bank branches that allow customers to conduct their banking activities from any branch within the network. This system enables customers to access their accounts, make deposits, withdraw cash, and transfer funds seamlessly, regardless of their location.
The technology behind Core Banking systems centralizes banking operations, ensuring that all branches have real-time access to customer information and account balances. This integration improves efficiency and customer service, as transactions are processed quickly and accurately across the entire banking network.