Core Banking and Oracle Flexcube Financial institutions all over the world have to handle a large customer base daily, be compliant with the current market regulations, and carry out all operations effectively. For this purpose, banks and financial institutions make use of core banking systems. This blog will give a brief overview of Oracle’s core banking system i.e., Flexcube. What are Core Banking Systems? Core Banking Systems are the back-end services that connect various branches of the bank and perform day-to-day activities like account opening and maintenance, loan management, money withdrawal, handling deposits, managing customer relationships, calculating interest, and processing transaction. And at the end of the day, based on the transaction processing the general ledger, financial records, and reporting tools are updated, respectively. This systematic way of approach, help banks to carry out thousands of transactions ...