Core Banking System as a back-end system that processes daily banking transactions and posts updates to accounts and other financial records. Core banking systems typically include deposit, loan and credit processing capabilities, with interfaces to general ledger systems and reporting tools. It helps banks develop deeper connections with stakeholders, power innovation, and accelerate growth in the digital world.

Core banking system is a suite of software and services that banks use to manage their fundamental operations, like customer accounts, transactions, and risk management.

Beside based modules and function, a core banking system typically includes the following modules:

The term in newest CBS technologies is a Centralized Online Real-time Environment, which implies that the customer can experience the bank as a single entity, regardless of their location – with the aim to provide more independence for the customers in terms of using their accounts and conducting transactions from any location in the world