Banking Systems
Banking systems are specialized software platforms and infrastructure used by financial institutions to manage core banking operations, such as account management, transactions, loans, payments, and regulatory compliance. They integrate various components like databases, APIs, security protocols, and user interfaces to handle financial data securely and efficiently. These systems are critical for day-to-day banking activities, supporting both retail and commercial services.
Developers should learn about banking systems when working in fintech, banking, or financial services to build or maintain applications that require secure, reliable, and compliant handling of financial data. Use cases include developing online banking portals, payment processing systems, fraud detection tools, and integrating with legacy banking infrastructure for digital transformation projects. Understanding these systems helps ensure adherence to regulations like PCI-DSS, GDPR, and anti-money laundering laws.