The growth dynamics of online banking are fast-paced. The traditional banking system cannot meet the needs of modern-day society. This is where the core banking system plays a huge role in providing a wide array of financial services to the customer under an umbrella. The core banking system has been around the corner for years and many banks are adapting them only as the demand has increased. However, some banks are still hesitant to implement a core banking system because of the daunting task and increased cost of maintenance. The core banking systems not only streamlines daily operations but also defines new capabilities, innovation, and growth of the financial institution. If you are still not convinced, here are some reasons to use the Core banking system.