Core Banking
Core Banking is a back-end banking system that processes daily banking transactions and posts updates to accounts and other financial records. It serves as the central hub for managing customer accounts, loans, deposits, and other banking operations, enabling real-time processing and integration with various banking channels. This system is critical for financial institutions to maintain accurate financial data and ensure regulatory compliance.
Developers should learn Core Banking when working in the financial technology (fintech) sector, especially for building or maintaining banking software, payment systems, or financial applications. It is essential for roles involving banking infrastructure, digital transformation projects, or integrating third-party services with banking systems, as it provides the foundational logic for financial transactions and data management.