Core, out of core banking system, refers to “Centralized Online Real-time Exchange.” Now, today’s word is majorly dependent on Information Technology and there is no exception with banking industry also. Core banking system, with technological advancement, has improved a lot and it works as a back-bone of banking industry. Keeping aside the technological part of the system, the whole intention of the entire process is to provide better service to the customers and make banking an easy tasks for the customers vs standing in a long queue and waiting for your turn. So, it can be easily anticipated that core banking system, to better avail the customers, is equipped with features which will make banking easy for the users. Some of the benefits or basic features of core banking are deposit accounts, loans, payments and the forms via which these features are availed by the customers can be ATMs, internet banking, mobile banking, and brick and mortar bank branches etc. To simplify banking procedures and processes, Core banking system uses Information Communication Technology as a platform for its various applications. To support all these options, Bankmill, a flagship product of Mindmill Software Ltd, comes up with features like Cost Reduction, Security, Administration, Customer Related and Accounting Features. ‘BankMill’ offers the lowest total cost of ownership and operations compared to any other Core Banking System available in the market. Bankmill, a core banking solution from Mindmill Software, is already working as a back-bone of many banks across the globe and is having healthy amount of proven track record.
Mindmill 