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What is Core Banking in Fintech?

1 Mins read

What is Core Banking in Fintech?

1 Mins read

Core banking refers to the centralized system that financial institutions use to manage customer accounts, transactions, loans, and other banking operations. In fintech, core banking platforms are often API-driven, and designed for digital-first banking, allowing seamless integration with payment gateways, lending services, and third-party applications.