We will start with how the core banking system facilitates efficient customer onboarding and account opening. We’ll look at how it stores and manages all account-related information. This includes essential information like account numbers, balances, customer data and account details.
Next, we look at how the core banking system uses general ledger(s) to track all transactions across the network to create real-time, secure, and accurate transactional experiences (e.g. fund transfers, withdrawals, bill payments, deposits, etc.) for customers.
Finally, for this series, we’ll take a look at how the core banking system uses notifications to improve security and foster trust between the bank and its clients by keeping customers informed about their account activities and banking operations with real-time alerts, security notifications, status updates, multi-factor authentication, e.t.c
In each module, we look at the activities a customer can perform, the database design and architecture behind the scenes, and the considerations to make these activities safe and convenient.
Coming up next, meet the team.