Corebank is FIS’ next generation, customer-centric, true real-time, relational database, 24 x7 continuous core processing solution for global banks. A strategic banking application that supports a wide range of customer, product build, deposit, lending and payment functionality for the retail banking environment. Corebank’s application architecture is based on IBM’s Information Framework Financial Services Data Model (FSDM). Corebank also supports a component-based business model and is extremely efficient at re-using software components, thereby reducing complexity, maintenance effort and development risk.

Corebank’s robust business functionality can be delivered in COBOL on the mainframe zSeries platform as well as in a J2EE environment on either UNIX pSeries or mainframe zSeries. Corebank is the world’s first platform-independent core processing solution based on J2EE technology. This advanced technology infrastructure and world-class business functionality provide financial institutions a competitive advantage in an ever-changing global marketplace.

The Corebank Solution

Corebank is delivered as a set of integrated core banking components that are then tailored to fit the institution’s individual business requirements. These components can be easily re-configured as business requirements change, protecting the organization’s strategic investment and maintaining a unified business approach.

Corebank components include:

• Corebank Financial Institution Infrastructure
• Corebank Product Build
• Corebank Customer Management and Customer Overview
• Corebank Account Administration
• Corebank Payments
• Corebank Management Information

Corebank Benefits

• Corebank can bring significant benefits to the organisation. Corebank can:
• Enable the organisation’s Customer Relationship Management (CRM) strategy by providing a robust operational customer database and customer administration.
• Provide cost savings and improved customer service through simplified account administration.
• Support portfolio growth with a fast-track Product Build component that creates flexible financial products, providing the capability to build products in line with the prevailing market conditions.
• Deliver speed to market in terms of product development with support for a wide range of account types online in real-time.
• Facilitate increased productivity and reduction of errors through components that automate calculation of complex fees and interest rates.
• Provide full multibank and single-bank operations, including multilanguage support, to support mergers and acquisitions and other branding strategies.
• Support multicurrency operations.
• Provide increased business and operational efficiency with true 24x7 operations.
• Generate accounting and management information from operational data for compliance, risk management and profitability analysis.
• Provides the opportunity to rationalize processing infrastructure with resulting cost reductions and increased operational resilience.
• Provide data structures and user-exits to extend Corebank’s functionality to support bank-specific needs, thus reducing maintenance and upgrade costs.