"Core Banking Software" is a troublesome term because every banking software vendor has its own definition!
Portfolio+ Inc. defines core banking software as the functionality required to run a bank or credit union. Portfolio Plus core banking includes:
In addition, there are many third party interfaces that a core banking system must accommodate. These include:
When shopping for a core banking system, we advise you to look ahead five or more years to where you'd like to be (in terms of growth, lines of business, profit, etc.). Then ask yourself if the vendor you're talking to can help you get there. A great way to determine this is to look at the vendor's customer base. Are there any star performers?
If you'd like to find out more about our products please read our products page.
If you'd like to talk to someone at Portfolio+ Inc. about your banking or financial software needs, please refer to our contacts page for who to contact.