Core Banking

This comprehensive training course is designed to provide participants with a thorough understanding of core banking systems, their fundamental principles, key functionalities, and the evolving landscape of this critical aspect of modern financial institutions. Participants will gain practical insights into the architecture, processes, security considerations, and future trends shaping core banking. At the end of this course, attendees will be equipped with the essential knowledge to comprehend the complexities of core banking and its strategic importance.

The course begins with Module 1: Foundational Financial Concepts. This section lays the groundwork by introducing participants to the broader financial context in which core banking systems operate like introduction to banking and financial institutions, fundamental banking products and services, basic accounting principles for banking and regulatory landscape and compliance.

Module 2: Introduction to Core Banking Systems delves directly into the specifics of core banking, defining what core banking is, its key modules and functionality, data architecture and management, and core banking system architecture.

Module 3: Deep Dive into Core Banking Features and Processes provides a detailed examination of key functionalities: customer relationship management (CRM) integration, payment processing in detail, loan lifecycle management, regulatory reporting and compliance within core banking, security, and access control.

Module 4: Practical Aspects of Core Banking bridges theory with real-world considerations, focusing on core banking system selection and procurement, core banking system implementation and deployment, core banking system integration, core banking system maintenance and upgrades, core banking system monitoring and troubleshooting.

Module 5: Emerging Trends in Core Banking looks towards the future of the field, in particular cloud adoption in core banking, open banking and API economy, artificial intelligence and machine learning in core banking, real-time and event-driven architectures, the role of data and analytics in future core banking, security and compliance in the evolving landscape.

By the end of this 18-hour training course, participants will be able to:

• Understand the fundamental principles of banking and the role of financial institutions.
• Identify and describe core banking products, services, and accounting principles.
• Comprehend the regulatory landscape and compliance requirements impacting core banking.
• Define and explain the architecture, key modules, and functionalities of core banking systems.
• Analyze the critical processes within core banking, including CRM integration, payment processing, and loan lifecycle management.
• Understand the importance of security and access control in protecting core banking environments.
• Evaluate the practical aspects of core banking system selection, implementation, integration, maintenance, and troubleshooting.
• Discuss the emerging trends shaping the future of core banking, including cloud adoption, open banking, AI/ML, real-time architectures, and data analytics.
• Recognize the evolving security and compliance challenges in the core banking landscape.

This comprehensive training course provides a practical and in-depth understanding of core banking systems, empowering participants with the knowledge needed to navigate and contribute to the strategic evolution of financial institutions.

Participants are expected to:

• Understand the fundamental principles of banking and the role of various financial institutions in the economy.
• Identify and describe the core products and services offered by banks and their relationship to core banking operations.
• Comprehend basic accounting principles relevant to banking and their significance in the context of core banking data.
• Understand the key regulatory drivers and compliance requirements that impact core banking systems.
• Define and explain the central purpose and key characteristics of a Core Banking System (CBS).
• Identify and describe the primary modules and functionalities within a core banking system.
• Understand the critical aspects of data architecture, data management, and data security within core banking environments.
• Compare and contrast different core banking system architectures, such as monolithic and microservices.
• Explain the benefits and processes involved in integrating Customer Relationship Management (CRM) systems with core banking platforms.
• Describe the detailed workflows of payment processing within core banking systems.
• Outline the various stages of the loan lifecycle as managed within a core banking system.
• Understand the role of core banking systems in generating regulatory reports and ensuring compliance.
• Explain the principles and importance of security and access control measures within core banking environments.
• Describe the key steps and criteria involved in the selection and procurement of a core banking system.
• Understand the critical phases and potential challenges of core banking system implementation and deployment.
• Explain the importance and methods of integrating core banking systems with other banking applications.
• Describe the essential activities involved in the maintenance and upgrades of core banking systems.
• Understand the tools and techniques used for monitoring core banking system performance and troubleshooting issues.
• Discuss the potential benefits and challenges of adopting cloud-based solutions for core banking systems.
• Explain the fundamental principles and implications of Open Banking and the API economy for core banking.
• Describe how Artificial Intelligence (AI) and Machine Learning (ML) can be applied within core banking functions.
• Understand the benefits and implementation of real-time and event-driven architectures in modern core banking.
• Explain the crucial role of data and analytics in shaping the future of core banking.
• Recognize the evolving security threats and compliance requirements impacting core banking systems.
• Understand proactive approaches to address the evolving security and compliance landscape in core banking.

Module 1: Foundational Financial Concepts (2 hours)

1. Introduction to Banking and Financial Institutions
2. Fundamental Banking Products and Services
3. Basic Accounting Principles for Banking
4. Regulatory Landscape and Compliance

Module 2: Introduction to Core Banking Systems (3 hours)

1. What is Core Banking?
2. Key Modules and Functionality of Core Banking
3. Data Architecture and Management in Core Banking
4. Core Banking System Architecture

Module 3: Deep Dive into Core Banking Features and Processes (4 hours)

1. Customer Relationship Management (CRM) Integration
2. Payment Processing in Detail
3. Loan Lifecycle Management in Detail
4. Regulatory Reporting and Compliance within Core Banking
5. Security and Access Control in Core Banking

Module 4: Practical Aspects of Core Banking (5 hours)

1. Core Banking System Selection and Procurement
2. Core Banking System Implementation and Deployment
3. Core Banking System Integration
4. Core Banking System Maintenance and Upgrades
5. Core Banking System Monitoring and Troubleshooting

Module 5: Emerging Trends in Core Banking (4 hours)

1. Cloud Adoption in Core Banking
2. Open Banking and API Economy
3. Artificial Intelligence (AI) and Machine Learning (ML) in Core Banking
4. Real-Time and Event-Driven Architectures
5. The Role of Data and Analytics in Future Core Banking
6. Security and Compliance in the Evolving Landscape

TOTAL: 18 hours