1. Functionality: The solution is very diverse in terms of the functionality of its products and allows the banks and financial institutions to constantly bring about innovations so as to fulfil all the customer demands.
2. End to end Solution: Being a comprehensive core banking solution, it assists the financial institutions in almost all the banking operations, and makes it scalable and adaptable to the increasing volume of transactions.
3. Flexibility: This core banking solution is also flexible in terms of integration with third party products for both retail as well as corporate banking/financial institutions.
Other advantages of this solution include removal of unnecessary intermediate processes, documentation of the work flow, cost and time saving while providing better processes, and also risk management with the help of regular checks and controls. So it can be said that the core banking solutions not only work in the benefit of the customers by providing them the ease of use, but also in favour of the financial institutions by providing them a medium to scale and grow themselves while ensuring that their regular processes aren’t affected.