It turns out, core banking<\/a> is the process where financial institutions like Banks and Saccos, enable their customers to access their bank accounts information from any of their member branches anywhere.<\/p>\n\n\n\n For example:<\/p>\n\n\n\n Your institution have branches all over the country, let\u2019s say in location X, Y, and Z.<\/p>\n\n\n\n You have customer A in your institution, and she just opened an account in location X.<\/p>\n\n\n\n But since customer A moves around a lot, she can access her accounts in any of your branches (X, Y, and Z), thanks to the core banking system.<\/p>\n\n\n\n Make sense now?<\/p>\n\n\n\n How about the cloud part?<\/p>\n\n\n\n Well, cloud means that data is synchronized in real-time across all the branches.<\/p>\n\n\n\n Using our example above, when customer A accesses her accounts, say in location Z, everything she does, including withdrawals and deposits will reflect in all the branches, X and Y in real-time.<\/p>\n\n\n\n This means that the core banking system is being powered by cloud computing. It is the \u2018secret sauce\u2019 making it tick and be what it is seen today.<\/p>\n\n\n\n If there is cloud core banking, does it mean there is non-cloud?<\/p>\n\n\n\n Supposedly, yes.<\/p>\n\n\n\n And is such a CBS, you have to hit the sync button every time, well, maybe not literally, but there is a manual syncing action involved at some point.<\/p>\n\n\n\n While this may be an over-the-top definition of a cloud core banking system<\/a>, at least you have an idea of what it is.<\/p>\n\n\n\n With a core banking system, you can do the following operations;<\/p>\n\n\n\n Looking at it, you realize that these are the same operations virtually every bank and some Saccos undertake.<\/p>\n\n\n\n This means that, with a core banking system, all of these activities can be made available across multiple channels.<\/p>\n\n\n\n For example:<\/p>\n\n\n\n You can have automated teller machines (ATMs), operate Internet banking, mobile banking, and have multiple branches.<\/p>\n\n\n\n What\u2019s in it for you?<\/p>\n\n\n\n What do you stand to gain if you install such a banking system?<\/p>\n\n\n\n Does this sound like something you\u2019d be interested in your institution?<\/p>\n\n\n\n Whether you are running a multi-branch institution or single, a cloud core banking system can catapult you to success in an instant.<\/p>\n\n\n\n Ours is a revolutionary system<\/a> that comes with an API integration function. This means that you can connect it to any system to improve the efficiency of your business.<\/p>\n\n\n\n If you are wondering whether this is a fit, well, Jisort is a digital platform capable of automating transactions in Microfinance Institutions<\/a>, SACCOs, Banks, Cooperatives, Credit Unions, Lending Organizations, and other MFIs.<\/p>\n\n\n\n Not to mention it\u2019s fully integrated with Mobile Money and Banks.<\/p>\n\n\n\nWhat can you do with a cloud core banking system?<\/strong><\/h2>\n\n\n\n
Why do you need a cloud core banking system?<\/strong><\/h2>\n\n\n\n
Where to get it now<\/strong><\/h2>\n\n\n\n
Jisort Cloud Core Banking System<\/strong><\/h3>\n\n\n\n
![\"cloud](\"https:\/\/www.jisort.com\/wp-content\/uploads\/2020\/11\/cloud-core-banking-system-1024x576.png\" "\\"\\"")
<\/figure>\n\n\n\nWhat to do next<\/strong><\/h2>\n\n\n\n