Core Banking is a back-end system that processes banking transactions across the various branches of a bank. The system focuses on empowering existing and probable customers to have greater accountability for their account transactions.
Core Insurance is a policy administration system that acts as the backbone of any insurer’s operations. It’s used to execute core policy management and processing including rating, quoting, issuance, endorsements, and renewals. It is the system of record for all policies that an insurance company has written.