Core banking and payments technology
What is a Core Banking System? 7 Key Features
Last Updated: April 13, 2026A core banking system is the central software platform through which a financial institution manages its customer accounts, processes transactions, and delivers banking and payment services. It serves as the operational foundation of the institution, connecting all core functions within a single system and providing the data infrastructure on which regulatory compliance, financial reporting, and...
What are Legacy Core Banking Systems? The Complex Nightmare
Last Updated: April 13, 2026A legacy core banking system is a software platform built using older technologies, architectures, and coding practices that was implemented at a time when the operational and regulatory demands placed on financial institutions were fundamentally different from those that apply today. These systems were often engineered for a closed, stable banking environment, where integration with...
What are the key advantages of using a SaaS cloud-based banking system? Top 7 reasons why to avoid developing your own
Last Updated: April 13, 2026A SaaS cloud-based banking system is a software platform delivered over the internet on a subscription basis, in which the provider hosts, maintains, and updates the system infrastructure, and the financial institution accesses it through a browser or API connection. For payment institutions and e-money institutions evaluating their technology options, the primary decision is not...
Is using an open-source technology in core banking software development safe and secure?
Last Updated: April 13, 2026Open-source core banking software refers to software whose source code is publicly available for inspection, modification, and distribution. In core banking software development, open-source components are widely used across infrastructure layers, programming frameworks, database systems, cryptographic libraries, and API tooling. The question of whether open-source technology is safe and secure in this context is not...
What are the advantages of using an open-source database in modern cloud-based whitelabel bank software?
Last Updated: April 13, 2026An open-source white label database is a database management system whose source code is publicly available, allowing users to inspect, modify, deploy, and distribute it without paying licensing fees to a proprietary vendor. In the context of cloud-based core banking software, the database layer is the foundation on which all account data, transaction records, customer...
What advantages RESTful API has over SOAP API?
Last Updated: April 13, 2026In the sphere of core banking software, a key decision involves choosing the appropriate web service communication protocol. Today, we’ll discuss why RESTful APIs (Representational State Transfer) offer several advantages over SOAP APIs (Simple Object Access Protocol). The choice of API standard determines how easily the core banking system can integrate with external services, how...
How does the use of GraphQL Federation enhances RESTful APIs?
Last Updated: April 13, 2026When building a robust, high-performing core banking system, implementing GraphQL Federation can significantly augment RESTful APIs. Let’s delve into how GraphQL Federation adds value to your RESTful APIs, and why it’s a crucial part of a modern core banking system. GraphQL Federation is an architectural pattern in which a central GraphQL gateway aggregates multiple underlying...
Key principles and advantages of the microservices architecture in payment software solutions
Last Updated: April 13, 2026When it comes to developing modern cloud-based payment software solutions, the surge in popularity of microservices architecture is no accident. This innovative approach boasts a plethora of key principles and benefits, enhancing flexibility, scalability, and maintainability. Here’s a deep dive into the fundamentals and merits of microservices architecture. Microservices architecture is a software design approach...
What are the benefits of integrating container and orchestration technologies such as Docker and Kubernetes into the deployment of cloud-based software for bank systems?
Last Updated: April 13, 2026Containerisation and orchestration technologies such as Docker and Kubernetes offer game-changing advantages in the deployment of cloud-based core banking systems. These tools enhance several facets of software for banks, including portability, scalability, and fault tolerance. Further, we will delve into details of how they achieve this. Docker and Kubernetes are two complementary technologies that together...
What are the typical security measures undertaken by the cloud core banking systems developers to address the security concerns of financial institutions?
Last Updated: April 13, 2026In the modern world of financial technology, the cloud-based banking system security measures has become a paramount concern. Developers tasked with creating these sophisticated systems implement a myriad of strategies to safeguard against potential threats. It is a delicate process that requires a robust and multifaceted approach, much like a chess game, where every move...
What is required of the SaaS cloud-based core banking software to enable the financial institutions to provide banking as a service or a superapps?
Last Updated: April 13, 2026Banking as a Service (BaaS) is a model in which a licensed bank, payment institution, or e-money institution exposes its regulated banking infrastructure to third-party businesses through APIs, enabling those businesses to offer financial services to their own customers under their own brand. A financial superapp extends this concept by combining banking and payment services...