CoreBank

CoreBank is a comprehensive banking system designed to connect business processes in banks with Business Process Management (BPM) and financial transaction processing. It offers a range of banking solutions, including internet banking, mobile banking, card management, and direct links to other financial or clearing systems. CoreBank is suitable for banks and financial institutions of all sizes and is utilized by professionals in the banking industry, financial services, fintech companies, microfinance institutions, and credit unions.

Key Features

Digital CoreBank: CoreBank provides a core banking solution in the SaaS-Cloud concept tailored for fully digital banks. It offers a fully outsourced multi-tenant, multi-language, cloud solution running on top-quality fault-tolerant IT platforms.

Mobile banking: CoreBank enables clients to access banking services via mobile phones (Android and iOS operating systems). It facilitates a personal, modern, and safe banking experience, allowing clients to pay bills, check transactions and balances, and locate ATMs. The product also supports automatic Scan & Pay with 2D code and transaction history search.

Card management: CoreBank supports the issuance of various types of cards (debit, credit, revolving, and business) and enables acceptance of own and others' cards at ATMs and EFTPOS devices. It offers easy implementation and integration with the core system and provides full control and integration with existing banking infrastructure.

Internet banking: CoreBank provides non-stop availability for clients to perform secure transactions online. It offers a wide range of secure transactions, reducing the need for physical branches and personnel, and potentially increasing market share and customer satisfaction.

Business Process Management: CoreBank is based on the open-source Activiti BPM tool and interface to core banking systems. It automates and manages various business processes within the bank, enabling customization and flexibility in defining and changing business process flows. It aims to provide transparency, efficiency, and quality management for banking clients.

Private clients banking: CoreBank supports a wide spectrum of banking products and transactions for private clients. It ensures high efficiency and reliability, offering personalized services and a top-class banking experience. The product also provides transparency and accurate reporting for decision-making.

Corporate clients banking: CoreBank offers flexibility and personalized services for corporate clients. It supports varying fees, interest rates, and credit facilities, facilitating loan processing, deposit management, and issuing guarantees or letters of credit. The product aims to enable efficient management of corporate banking relationships.

Payments: CoreBank supports payments and data exchange with international and domestic payment systems. It enables connectivity with SEPA, SWIFT, Target2, National Clearing System, and more. The product automates calculations of fees, taxes, currency conversions, and foreign exchange differentials, ensuring minimal data entry and accurate transaction processing.

Decision support: CoreBank provides decision support through P&L calculations, cash-flow management, and interest margin calculations. It supports credit risk evaluation, consolidated reporting for international banking groups, and risk management. The product aims to enable profitability analysis of clients, products, and services and facilitate financial planning and analysis for effective decision-making.

Accounting: CoreBank automates posting of transactions to the General Ledger, ensuring transparency and accuracy of balance sheets. It supports double-entry accounting and monitoring of transactions by different currencies, providing integrated sub-ledger and foreign exchange accounting.

Reports: CoreBank generates a series of reports relevant to the banking business. It supports Central Bank reporting requirements, custom reports, and report generation based on user specifications. The product aims to provide a strong basis for Data Warehouse (DWH) and Business Intelligence (BI) usage and facilitate fund transfer pricing and controlling module for managing IT solution complexity in banks.