Banking Technology Core Banking Solutions vs Pricing and Billing Solutions

How a Core Banking Solution Works A core banking solution, often referred to as a CBS, typically has a GL subsystem at its core with plug-in satellite modules catering to the various divisions of the bank. The satellite modules, referred to as "modules," cater to the business functionalities of the various lines of business of the bank. Typical CBS modules include but are not limited to: Non-financial modules: • Customer definition and accounts • Customer limits definition, lines of credit, a central bank reporting structure • Messaging and advice • End-of-day processing modules, etc. Financial modules: • Loans, deposits, money markets • Letters of credits and bills • Treasury • Liquidity management • Local payments and cross-border payments • Nos View the rest of this article