Advance Banking System Features with emphasis on Core banking

Banks are looking at newer ways to make a customer's banking experience more convenient, efficient, and effective. They are using new technology tools and techniques to identify customer needs and are offering tailor-made products to match them. Centralized operations and process automation using core banking applications and IP-based networks improve efficiency and productivity levels tremendously. This paper proposes the need for core banking systems and proposes it's features and architecture.