Glossary A B C D E F G H I J K L M
N O P Q R S T U V W X Y Z

Core Banking Platforms

Core banking platforms are back-end systems at the heart of a legacy bank’s digital infrastructure, processing all banking data and transactions. A middleware then links this core to the application layer, where a bank offers its customers online banking, mobile banking, ATM, etc. interfaces.

Core banking platforms, especially traditional systems hinder a legacy bank to push new products, services, or applications to the market quickly. Modern core banking platforms are more flexible, they utilize the power of cloud computing and allow for services built by third parties to integrate.

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2020 Copyright © European Merchant Bank UAB. All rights reserved.
European Merchant Bank UAB is licensed by European Central Bank (License No. 3)
Swift BIC: EUEBLT22
Bloomberg Dealing Code: EUEB