CORE BANKING SOFTWARE FEATURES
Price range: U.S. $299 through U.S. $599
Product Description
The Core Banking Software Features List is a digital product that provides a pre-built, comprehensive feature list for core banking software, presented in an editable format (Word/PDF). It details essential and advanced banking functionalities across account management, transaction processing, CRM, digital channels, risk and compliance, product management, and business intelligence. Designed to support requirement documentation, RFP preparation, vendor evaluations, and internal benchmarking, it serves as a practical starting point for banks and consultants to plan or assess core banking system capabilities.
This document provides a comprehensive feature list for core banking software, meticulously organized to help financial institutions, consulting teams, and technology decision-makers navigate the complexities of modern banking technology. As the financial services landscape rapidly evolves — driven by digital transformation, regulatory shifts, customer expectations, and the rise of fintech competition — banks and credit unions face mounting pressure to modernize their core systems. Selecting, upgrading, or benchmarking a core banking platform is a substantial undertaking that requires a clear understanding of functional needs across diverse banking domains.
This pre-built feature list serves as a practical and customizable foundation for organizations to document their requirements, issue Requests for Proposals (RFPs), evaluate vendor offerings, and conduct internal gap analyses or benchmarking exercises. It covers the full spectrum of functional areas critical to operating a modern banking enterprise.
The document is structured around seven major functional pillars, each broken down into detailed subcategories and specific capabilities. These include:
- Account Management: Features that handle customer account creation, multi-currency support, interest management, overdraft handling, and statement generation.
- Transaction Processing: Tools to process domestic and international payments, manage cheques, automate loan workflows, and oversee ATM and card operations.
- Customer Relationship Management (CRM): Capabilities for customer data centralization, marketing campaign execution, service ticket handling, and in-depth customer analytics.
- Digital Banking Services: Encompassing online and mobile banking, e-documents, secure messaging, and open API frameworks that facilitate third-party integrations.
- Risk Management and Compliance: Robust tools for fraud detection, AML/KYC processes, credit and operational risk management, as well as stress testing and scenario analysis.
- Financial Product Management: Enabling banks to offer and manage a full suite of deposit, loan, investment, payment, and wealth management products.
- Reporting and Business Intelligence: Covering everything from regulatory compliance reports to operational dashboards and customer lifetime value analytics.
By consolidating these requirements into a single, clear reference, this document significantly streamlines early-stage discussions and workshops. Banks can tailor this list to their own regulatory environment, business strategy, and customer segments, quickly isolating which features are essential, optional, or phased for future consideration. It also offers a valuable tool for internal audits, helping teams assess how current systems align with modern capabilities and identify critical upgrade priorities.
Ultimately, this feature list is designed to save organizations considerable time and effort. It ensures that all key aspects of a comprehensive core banking system are systematically considered, documented, and aligned to organizational goals — providing a solid springboard for selecting the right technology partners and driving successful banking modernization initiatives.
Stipulations:
- As the Financial Advisor Workstation Features and Functions List is a digital product, it is sold as-is, and Finantrix will not accept any returns
- Depending on the size and complexity of your firm, the roles and responsibilities of advisors, some or all of the capabilities may not be relevant to you.
- Consultants, who may wish to use the deliverable at several clients, have different terms and price.
- Sold on an as-is basis and no warranties
- This sale does not include implementation help or support. If you need professional services assistance, please contact us.
- Please review our standard terms of service.
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CORE BANKING SOFTWARE FEATURES
Price range: U.S. $299 through U.S. $599