2min chapter

Fintech Files: Insights on TECH by BCG Platinion cover image

"Modern Fintechs Are Born in the Cloud” with Anton Langbroek, General Manager DACH & CEE at Mambu

Fintech Files: Insights on TECH by BCG Platinion

CHAPTER

What Is a Core Banking System?

Anton: How would you explain a core banking system in simple, non-technical terms? That's always the hardest question to get, right? So how would I explain it? What we deliver to banks in general is you basically have a ledger where all of your client data will be stored in. And which enables you to really act fast on market changes. Anton: Could you maybe even say that, I know it's maybe not so non-technical, but the core banking system is like an ERP for a bank compared to what an ERP is for a manufacturing company? More or less,. Although there are some distinctions in both, I would just call it the legal ledger for

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