{"id":1598,"date":"2021-07-12T11:00:16","date_gmt":"2021-07-12T11:00:16","guid":{"rendered":"https:\/\/sulbank.in\/demo\/?page_id=1598"},"modified":"2021-07-12T11:28:52","modified_gmt":"2021-07-12T11:28:52","slug":"core-banking-services","status":"publish","type":"page","link":"https:\/\/sul.bank.in\/?page_id=1598","title":{"rendered":"Core Banking Services"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1598\" class=\"elementor elementor-1598\" data-elementor-settings=\"[]\">\n\t\t\t\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d06aadb elementor-section-content-middle elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d06aadb\" data-element_type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-a2567d6\" data-id=\"a2567d6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a681f1b elementor-widget elementor-widget-image\" data-id=\"a681f1b\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"626\" height=\"626\" src=\"https:\/\/sul.bank.in\/wp-content\/uploads\/2021\/06\/cbs.jpg\" class=\"attachment-large size-large\" alt=\"\" srcset=\"https:\/\/sul.bank.in\/wp-content\/uploads\/2021\/06\/cbs.jpg 626w, https:\/\/sul.bank.in\/wp-content\/uploads\/2021\/06\/cbs-300x300.jpg 300w, https:\/\/sul.bank.in\/wp-content\/uploads\/2021\/06\/cbs-150x150.jpg 150w\" sizes=\"auto, (max-width: 626px) 100vw, 626px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-a8c5ca8\" data-id=\"a8c5ca8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-84929f6 elementor-widget elementor-widget-text-editor\" data-id=\"84929f6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>A core banking system is the software used to support a bank\u2019s most common transactions.<\/p><p>Elements of core banking include:<br \/>\u2022 Making and servicing loans.<br \/>\u2022 Opening new accounts.<br \/>\u2022 Any branch transactions.<br \/>\u2022 Processing cash deposits and withdrawals.<br \/>\u2022 Processing payments and cheques.<br \/>\u2022 Calculating interest.<br \/>\u2022 Customer relationship management (CRM) activities.<br \/>\u2022 Managing customer accounts.<br \/>\u2022 Establishing criteria for minimum balances, interest rates, number of withdrawals allowed and so on.<br \/>\u2022 Establishing interest rates.<br \/>\u2022 Maintaining records for all the bank\u2019s transactions.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-beaf213 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"beaf213\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3a789c0\" data-id=\"3a789c0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-de732ab elementor-widget elementor-widget-text-editor\" data-id=\"de732ab\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>Core banking functions differ depending on the specific type of bank. Retail banking, for example, is geared towards individual customers; wholesale banking is business conducted between banks; and securities trading involves the buying and selling of stocks, shares and so on. Core banking systems are often specialized for a particular type of banking. Products that are designed to deal with multiple types of core banking functions are sometimes referred to as universal banking systems.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"A core banking system is the software used to support a bank\u2019s most common transactions. Elements of core banking include:\u2022 Making and servicing loans.\u2022 Opening new accounts.\u2022 Any branch transactions.\u2022 Processing cash deposits and withdrawals.\u2022 Processing payments and cheques.\u2022 Calculating interest.\u2022 Customer relationship management (CRM) activities.\u2022 Managing customer accounts.\u2022 Establishing criteria for minimum balances, interest[&#8230;]","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-1598","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/sul.bank.in\/index.php?rest_route=\/wp\/v2\/pages\/1598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sul.bank.in\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/sul.bank.in\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/sul.bank.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sul.bank.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1598"}],"version-history":[{"count":7,"href":"https:\/\/sul.bank.in\/index.php?rest_route=\/wp\/v2\/pages\/1598\/revisions"}],"predecessor-version":[{"id":1630,"href":"https:\/\/sul.bank.in\/index.php?rest_route=\/wp\/v2\/pages\/1598\/revisions\/1630"}],"wp:attachment":[{"href":"https:\/\/sul.bank.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}