ABC Tech’s Core Banking Solution — Short Overview of Leonus Core
Written by Ida Ćurovac, Sales Account Manager at ABC TECH Group.
First of all, let’s start off with getting you familiarized with what a core banking system is.
Imagine it like this, you are a client of a certain bank, and let’s say that bank has many locations and channels (mobile and internet) in different cities, and you want to access your account and perform a transaction. Instead of having to go to the bank where you initially opened your bank account and having to make the transaction at that exact location, you can do it at any bank, regardless of where you opened your account. All channels of the bank, mobile, and internet are connected as one. With that said, you can make the transaction by using your mobile device or even do it online; on the web, without even physically having to go to the bank. Now that is making your life a whole lot easier!
To summarize: Core banking is an IT banking system that enables the bank to conduct its business and provide end-to-end services to clients.
Core banking is often associated with retail banking and many banks treat the retail customers as their core banking customers. Businesses are usually managed via the corporate banking division of the institution. Core banking covers basic depositing and lending of money.
Core banking functions will include transaction accounts, loans, mortgages, and payments. Banks make these services available across multiple channels like automated teller machines, Internet banking, mobile banking, and branches.
Banking software and network technology allow a bank to centralize its record-keeping and allow access from any location.
Now that we have covered what core banking is, let's shift the focus to what ABC Tech Group is offering and what the benefits are with our core banking solutions.
ABC Tech Group in its offer for core banking has Leonus Core with the composable banking approach which we will discuss in the posts to come.
LEONUS Core is a complete, integrated, cloud-ready, and modular banking information system that consists of a core banking system, an enterprise content management system, and an AI-powered business intelligence reporting system. Scalability with a high level of configurability and integrated security enables you to deliver a superb customer experience. On top of that ABC Tech Group offers Leonus Digital which is a comprehensive banking front-end platform with both web and native iOS and Android apps. It enables various financial institutions to introduce financial services from a simple wallet service to a full-blown digital banking solution, whether cloud-based or on-premise.
ABC Tech Group offers the possibility to integrate Lenous Core with anyone, transactions can be seen by all participants in the moment of creation, you as the client have complete control over the users that may approach the system and over the actions they may initiate, with logging of every action in the system. It is completely safe, and we offer a complete online banking experience.
One of the biggest advantages of our platform is the customer-centric orientation in a way that all functionalities are built as appropriate views, from different perspectives, on the unique record in the system.
With a high level of configurability, the user can parameterize its own posting schemes, fees, and interest rates, preferential exchange rates, product parameterization, and many more. You have full control of your bank, through your application.
Some of the features and possibilities of Leonus Core:
AI-based behavior prediction
· Increase sales with 360 degrees client overview. Deliver AI-based offers to your targeted market and manage the profitability of customer relationship managers, organization units, and product lines.
High level of configurability
· Define and change independently its own posting schemes, fees, and interest rates, preferential exchange rates, and product parameterization.
Build your own products with a central product catalog
· Choose between more than 50 attribute sets, with more than 200 possible values and supported algorithms. Allow unlimited options that can be combined to build your own loan, saving, or transactional product.
Integration with a client security system
· Use internal security mechanisms or integration with an existing client security system. Authentication of users and authorization to the level of action on the screen, verification of transactions and changes on critical entities, levels of confidentiality as well as GDPR compliance, are all standard features of our core system.
Various integration technologies
· Add value to every business venture which your partners will recognize.
Why Leonus Core? Stable and secure core banking. Innovative and traditional at the same time. From saving time and money to improving agility and scalability, LEONUS Core offers newfound flexibility for banks.
That’s it, just a brief overview of our Lenous Core solution. Stay tuned for updates and feel free to contact our sales department if you have any inquires: info@abc-techgroup.com
Stay safe!
