Core banking

Core banking covers basic depositing and lending of money and include functions such as transaction accounts, loans, mortgages and payments.

Advancements in Internet and information technology reduced manual work in banks and increased efficiency.

This software is installed at different branches of the bank and then interconnected by means of computer networks based on telephones, satellite and the Internet.

While there is no consensus or a public register on the actual Core Banking Providers, various market research companies like Gartner or Forrester Research release annual deal surveys mentioning platform deals.

[6][7] Most notable Core Banking Providers include Temenos AG, Oracle Financial Services Software, Infosys and Avaloq.