so we’re repositioning the system as an open core framework, in terms of allowing banks to do incremental transformation by installing specific components.’ The three major components were the customer component, the account processing engine and a product factory. SBI Sumishin was using all three in an all-Unix platform with a Websphere application server, to support three million accounts.
Functionality of Corebank
Customer information management and enterprise customer overview. Integrated product factory including interest and fees, complex product packages and combined products. Deposit account servicing including current accounts, savings products, term deposits, investment sweeps, overdrafts, card support, cheque processing and passbook accounts. Loan account servicing including personal and commercial loans, mortgages, lines of credit, revolving card loans, and collateral support. Real-time transaction processing including inward and outward clearings, schedule table, retries, and teller processing. Self-balancing application, interface tables for integration to enterprise general ledger.
Pie chart and user list
Corebank Number of known sites: 5
Bank & Savings Bank Association (Denmark) Danish Rural Banks (Denmark) SBI Sumishin Net Bank (Japan) Sparbanken Oresund (Sweden) Terra Gruppen (Norway)
