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Core banking systems handle essential banking operations including deposits, payments, loans, and transactions. With Grand Central core connectors, you can securely connect your digital banking channels to core banking systems using the Grand Central Unified API Specification. This integration streamlines operations and scales with your needs.

Core functionalities

Customer information and KYC

Create and manage customer profiles with real-time updates to personal details, unified profiles, and KYC compliance across all channels.

Account management

Manage the entire account lifecycle including dynamic account creation, on-demand access, lifecycle control, and corporate security for all account types.

Payments and transactions

Process payments and transactions with fund movement capabilities and complete visibility into transaction histories for auditing and analysis.

Lending and credit

Manage loan portfolios with loan origination, automated EMI management, and enhanced customer options for credit products.

Deposit account management

Manage deposit products with diverse offerings including fixed and recurring deposits, plus automated lifecycle management.

Reporting and auditing

Support compliance requirements with regulatory readiness and comprehensive security oversight through detailed audit trails.

Real-time synchronization

Synchronize data across all channels with omni-channel consistency and immediate confirmation for all transactions.

Product and pricing configuration

Create new banking products dynamically and configure fees, charges, and interest rates to meet market demands.

Use cases coverage

Core connectors support the following banking use cases.

Customer information and Know Your Customer (KYC)

The following table describes customer information and KYC capabilities:
FeatureKey capabilities
Unified profilesCreate and manage customer profiles from a central point.
Real-time updatesUpdate customer details such as email addresses, phone numbers, and postal addresses to ensure data accuracy across multiple systems.

Account management

The following table describes account management capabilities:
FeatureKey capabilities
Dynamic account creationOpen, update, and close savings, current, and loan accounts directly through the API to launch new products faster.
On-demand accessRetrieve account balances, statements, and account details instantly when customers need them.
Lifecycle controlManage account statuses through stages like pending, approved, active, and closed.
Corporate securityEfficiently manage roles and rights by linking organizations to individuals, making it simple to assign or revoke business responsibilities for corporate clients.

Payments and transactions

The following table describes payments and transactions capabilities:
FeatureKey capabilities
Fund movementProcess standard fund transfers and internal bank transfers.
Complete visibilityRetrieve comprehensive transaction histories for customer support, auditing, or financial analysis.

Lending and credit

The following table describes lending and credit capabilities:
FeatureKey capabilities
Loan origination and managementCreate, disburse, and manage loan products to respond to market needs.
Automated managementSchedule and track EMIs and interest accruals automatically.
Enhanced customer optionsEnable customers to apply for credit limit increases or overdraft protection.

Deposit account management

The following table describes deposit account management capabilities:
FeatureKey capabilities
Diverse product offeringsOpen and manage fixed deposits and recurring deposits.
Automated lifecycleSet maturity instructions, calculate interest automatically, and process withdrawals or renewals.

Reporting and auditing

The following table describes reporting and auditing capabilities:
FeatureKey capabilities
Regulatory readinessGenerate regulatory reports directly from the system.
Security and oversightMonitor detailed transaction logs and maintain complete audit trails with exception handling.

Real-time synchronization

The following table describes real-time synchronization capabilities:
FeatureKey capabilities
Omni-channel consistencyKeep data synchronized across mobile apps, internet banking, ATMs, and branches.
Immediate confirmationProvide customers with real-time balance updates and transaction confirmations.

Product and pricing configuration

The following table describes product and pricing configuration capabilities:
FeatureKey capabilities
Product creationCreate new banking products dynamically to meet market demands and customer needs.
Pricing managementConfigure fees, charges, and interest rates to ensure competitive and compliant pricing.

🌐 Available core connectors