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Core Banking Service

Create a solution that connects multiple branches of your bank together to deliver online operations like loan management, withdrawals, and payments.

Key clients

INTERPIPE
SCHWARZ LOGISTICS
AUTO TRANSPORT CHICAGO TRAILERS
GRATA International
ROSHEN
Metinvest
Aptiv PLC
Toyota Material Handling
Cooper&Hunter
IC "Kraina"
EasyLoad
Loadaza
Darkstore
Makeit.io
Gamma TMS
WEZOM Academy
VoIP
RIEL
STVOL
Delivery Auto
INTERPIPE
SCHWARZ LOGISTICS
AUTO TRANSPORT CHICAGO TRAILERS
GRATA International
ROSHEN
Metinvest
Aptiv PLC
Toyota Material Handling
Cooper&Hunter
IC "Kraina"
EasyLoad
Loadaza
Darkstore
Makeit.io
Gamma TMS
WEZOM Academy
VoIP
RIEL
STVOL
Delivery Auto
INTERPIPE
SCHWARZ LOGISTICS
AUTO TRANSPORT CHICAGO TRAILERS
GRATA International
ROSHEN
Metinvest
Aptiv PLC
Toyota Material Handling
Cooper&Hunter
IC "Kraina"
EasyLoad
Loadaza
Darkstore
Makeit.io
Gamma TMS
WEZOM Academy
VoIP
RIEL
STVOL
Delivery Auto

What is core banking?

Create core banking solutions to process transactions at various branches of your bank, such as deposits and loans. Our team will build an intuitive branded interface for your software solution and provide compliance with all needed data protection standards.
What is core banking?

1. centralized

Ensuring all operations in your departments become centralized.
Adapting and scaling services as your business expands.
The WEZOM team will perform necessary optimizations.
Keeping your core banking platform up-to-date.

Core banking app components

Let's consider what key components average core banking systems should include.
Loan processing
Our experts will make this procedure simple and fast for both your employees and customers.
Data analytics
We will create a highly-visualized time-based data analytics tool, so your employees can interact with customers faster.
Digital banking
We will save your employees from the burden by transferring some operations with clients to the digital plane.
Real-time check system
Our team will create a tool to collect customer data so that they can make informed lending decisions faster.
Customer relationship management
Our development team will build a centralized tool for managing your bank's customer interaction data within your core banking software.
Chatbots
We will provide your customers with an online assistant to solve common problems and reduce your call center's workload.
Case Studies
FintechInsurance on a Smartphone

We developed a corporate website for IC "Kraina" with the possibility of registering services in a private office

FintechE-Groshi

IN A MONTH AND A HALF AND IN THREE STAGES, WE CREATED AN UPDATED PRODUCT WITH POSITIVE EFFECT ON THE E-GROSHI SERVICE.

FintechEasyFinance

Development of an online tool for managing business finances

Energy, Oil & GasBilling CMS for the Energetic Company

Development of a CMS for accounting and management of financial transactions and billing of services provided by the company to its customers

What clients says

Top Rated
The highest quality results and client satisfaction
Excellent mobile
Top App Development Companies in Ukraine 2021
Top Rated
The highest quality results and client satisfaction
Anatoly Kostenko
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Anatoly Kostenko
Head of the IT Department, CompanyT

Extremely pleased with the outcomes of the website development. WEZOM provided a clever product with adaptation for mobile devices and did everything to a high standard, on schedule, and with maximum professionalism. The team conducted an SEO analysis and researched the market of our business. Taking these data into account, the website was designed and developed. I also want to highlight the outstanding communication and constant involvement of the team in the project.

5.0
ES
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Elena Semegen
Digital services specialist, Delivery Group

WEZOM is developing a mobile application for us with adaptations for iOS and Android. We have already launched the beta version and our customers are very positive about the product. I would like to note the flexibility and quality of our communication. Every week we hold meetings where we productively discuss all the details of the development and the work carried out.

5.0
Vadym Tarasenko
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Vadym Tarasenko
Head of Digital Marketing Department, RIEL

Following the launch of the site, the percentage of project rejections decreased by 17.4%, and traffic to the site and sales saw a dramatic increase of 65% and 30%, respectively. The project was composed of several components: the development of a corporate website, the creation of a catalogue of projects, the development of an administrative control panel, and the implementation of a designer for residential complex websites. Communication and the quality of work with a team of 6 specialists was excellent throughout all stages

5.0
Sergey Luriev
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Sergey Luriev
Head of Marketing Department, Visotsky Consulting

Thanks to the work of Wezom, we receive dozens of applications a day from all over the world. The site was developed by a team of 8 people. Work was carried out on the creation of UX/UI, adaptation of the site for foreign users, and SEO services, such as domain redirection without loss of link mass and positions in the search engine. P.S. Our project manager, Polina, is a real expert in her field. We received prompt responses to all queries, we tracked the work stages through Worksection, and they were all completed on time. The company keeps its word, and this is highly commendable.

5.0
Darya Turdiyeva
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Darya Turdiyeva
Senior Marketing Manager, GRATA International

Our task was to create a new website capable of increasing the number of applications. Wezom implemented it very efficiently and to a high standard. The site has become more professional, more user-friendly, more interactive, and faster. The level of communication and the quality of the organization is very impressive. We had our Project Manager who oversaw the entire development process and even in cases where something went wrong, the project leader was involved and quickly resolved all the issues.

5.0

Questions & Answers

Check out some of the most common questions asked by the clients

What is core banking?

Core banking is a system that interconnects different branches of the same bank to deliver banking operations and posts updates to accounts. A core banking system delivers operations like loan management, deposits, and payments. CORE in banking refers to a concept that allows a client to experience a bank as a single entity.
Core banking needs software for different operations like the management of funds and financial transactions. Core banking software is also helpful in terms of financial marketing. The benefits of banking solutions include improved customer experience, easier monitoring of cash flows, and improved efficiency. Core banking system providers can add features for customers that allow them to manage finances. The core banking system architecture can also include portals for account management.
The core banking system price depends on complexity, but generally, you can buy a license starting from $250,000 per year. The average price of a core banking solution is about $100 million, and it suits average-sized banks. The license will also depend on the number of branches and other factors.

The Evolution of Finance: The Impact of Core Banking

Core banking is a technological breakthrough that has entirely revolutionized our financial interactions. It forms a unified network that links numerous bank branches, enabling seamless online activities such as loan administration, withdrawals, and transactions. This service extends beyond mere convenience; it's about boosting efficiency and strengthening security.

Decoding Core Banking

Core banking is a system that creates a central hub linking various branches of the same bank to perform banking operations and update accounts in real-time. It grants customers the ability to manage their accounts and execute banking operations from any branch of the bank. This system supports operations like loan administration, deposits, and transactions. The term CORE in banking signifies a concept that allows a client to see a bank as a single integrated entity.

Essential Features of Core Banking

A well-rounded core banking system should encompass crucial features such as loan processing, data analytics, digital banking, real-time check system, customer relationship management, and chatbots.

Loan Processing

This function is devised to be fast and simple for both bank employees and customers.

Data Analytics

A responsive, timeline-based data analytics tool is crafted to facilitate employees to interact with customers more effectively.

Digital Banking

Some client operations are shifted to the digital platform to lessen the workload of employees.

Real-Time Check System

A tool is devised to collect customer data, enabling quicker and more informed lending decisions.

Customer Relationship Management

A centralized tool is created to manage the bank's customer interaction data within the core banking software.

Chatbots

An online assistant is available to tackle common issues and reduce the workload of the call center.

Client Feedback

Our clients have expressed their contentment with our services. They have commended the quality of our work, our professionalism, and our dedication to adhering to deadlines. They have also acknowledged our communication skills and our proactive involvement in their projects.

Common Queries

What is core banking?

Core banking is a system that creates a central hub linking various branches of the same bank to perform banking operations and update accounts in real-time. A core banking system supports operations like loan administration, deposits, and transactions. CORE in banking signifies a concept that allows a client to see a bank as a single integrated entity.

How does core banking software function?

Core banking software functions by creating a central hub linking various branches of the same bank. This allows customers to manage their accounts and execute banking operations from any branch of the bank.

What is the cost of a core banking system?

The cost of a core banking system can fluctuate based on several factors such as the size of the bank, the number of customers, and the specific features required. For a detailed quote, please contact us directly.

Wrapping Up

In essence, core banking is a potent tool that has brought about a revolution in the banking industry. It provides convenience, efficiency, and security, making it a vital part of contemporary banking.

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