Skip to main content

​
Overview

Core banking systems handle essential banking operations including deposits, payments, loans, and transactions. Grand Central core connectors provide a secure integration layer that connects digital banking channels to core banking systems using the Grand Central Unified API Specification. This integration streamlines operations and improves scalability. Financial institutions can unlock comprehensive functionality across customer management, account operations, payments, lending, and deposits through these pre-built connectors.

​
Available Core Banking Connectors

​
FIS IBS

Pre-built connectivity with the FIS IBS core banking system through FIS API v4. Comprehensive support for deposits, loans, party management, and transaction processing. Key capabilities:
  • Deposit account operations and balance retrieval
  • Loan account management with payment schedules
  • Party search and profile management
  • Transaction history and activity tracking

​
FiservDNA

Modern core banking platform designed for community banks and credit unions with seamless integration through FiservDNA APIs. Key capabilities:
  • Real-time account synchronization
  • Transaction processing and history
  • Customer data management
  • Balance and statement services

​
Jack Henry Symitar

Comprehensive core banking solution specifically designed for credit unions with SymXchange API integration. Key capabilities:
  • Member account management
  • Share and loan processing
  • Transaction posting and inquiry
  • Real-time balance access

​
Mambu

Cloud-native core banking platform enabling rapid deployment of banking products with flexible configuration. Key capabilities:
  • Cloud-native API integration
  • Flexible product configuration
  • Real-time data synchronization
  • Comprehensive loan and deposit management

​
Oracle FLEXCUBE

Universal banking solution supporting comprehensive retail and corporate banking operations. Key capabilities:
  • Universal banking support (retail and corporate)
  • Complete account lifecycle management
  • Party and deposit operations
  • Loan account management with transaction processing

​
Core Capabilities

​
Customer Information and Know Your Customer (KYC)

Unified Profiles
  • Create and manage customer profiles from a central point
  • Access comprehensive customer information across systems
Real-Time Updates
  • Update customer details (email, phone, postal addresses)
  • Ensure data accuracy across multiple systems
  • Immediate synchronization across all channels

​
Account Management

Dynamic Account Creation
  • Open, update, and close savings, current, and loan accounts
  • Launch new products faster through direct API access
On-Demand Access
  • Retrieve account balances instantly
  • Access statements and account details in real-time
  • Support customer needs immediately
Lifecycle Control
  • Manage account statuses through all stages
  • Handle pending, approved, active, and closed states
  • Track complete account history
Corporate Security
  • Link organizations to individuals efficiently
  • Manage roles and rights for corporate clients
  • Assign or revoke business responsibilities

​
Payments and Transactions

Fund Movement
  • Process standard fund transfers
  • Execute internal bank transfers
  • Support various payment types
Complete Visibility
  • Retrieve comprehensive transaction histories
  • Support customer service inquiries
  • Enable auditing and financial analysis
  • Track all payment activities

​
Lending and Credit

Loan Origination and Management
  • Create and disburse loan products
  • Manage complete loan lifecycle
  • Respond quickly to market needs
Automated Management
  • Schedule and track EMIs automatically
  • Calculate interest accruals
  • Manage payment schedules
Enhanced Customer Options
  • Credit limit increase applications
  • Overdraft protection
  • Flexible loan products

​
Deposit Account Management

Diverse Product Offerings
  • Open and manage fixed deposits
  • Handle recurring deposits
  • Support various deposit types
Automated Lifecycle
  • Set maturity instructions automatically
  • Calculate interest automatically
  • Process withdrawals or renewals
  • Manage complete deposit lifecycle

​
Reporting and Auditing

Regulatory Readiness
  • Generate regulatory reports directly
  • Meet compliance requirements
  • Support audit processes
Security and Oversight
  • Monitor detailed transaction logs
  • Maintain complete audit trails
  • Handle exceptions systematically

​
Real-Time Synchronization

Omni-Channel Consistency
  • Keep data synchronized across all channels
  • Support mobile apps, internet banking, ATMs, and branches
  • Ensure consistent customer experience
Immediate Confirmation
  • Provide real-time balance updates
  • Deliver instant transaction confirmations
  • Keep customers informed immediately

​
Product and Pricing Configuration

Dynamic Product Creation
  • Create new banking products dynamically
  • Configure fees, charges, and interest rates
  • Launch products faster without code changes

​
Integration Benefits

  • Faster Time-to-Market: Streamline development with pre-built connectors
  • Upgradable: Regular updates align with latest core banking APIs
  • Configurable: Adapt API mappings and transformations to your requirements
  • Customizable: Modify functionality and add custom fields as needed
  • Flexible and Scalable: Maintain consistency and scale operations with minimal effort
  • BIAN Compliance: Standardized interactions based on BIAN domain model
  • Real-Time Operations: Immediate data access and transaction processing
  • Secure Integration: Enterprise-grade security for sensitive banking data
  • Unified API Access: Consistent interface across all core banking systems

​
Supported Operations

Common operations supported across core banking connectors:
  • Party Management: Search, retrieve, and manage customer profiles
  • Account Operations: Create, read, update account information
  • Balance Inquiries: Real-time balance retrieval for deposits and loans
  • Transaction Processing: Execute and retrieve transaction histories
  • Loan Management: Complete loan lifecycle operations
  • Deposit Management: Full deposit account operations
  • Product Configuration: Dynamic product and pricing setup
  • Reporting: Generate regulatory and operational reports

​
Use Cases

​
Digital Banking Transformation

Connect modern digital banking channels to legacy core banking systems with minimal custom development.

​
Omni-Channel Banking

Provide consistent banking experience across mobile, web, branch, and ATM channels.

​
Product Innovation

Launch new banking products rapidly without core system modifications.

​
Customer Experience Enhancement

Enable real-time access to account information and instant transaction processing.

​
Regulatory Compliance

Generate required reports and maintain audit trails automatically.

​
Operational Efficiency

Automate routine operations and reduce manual processing through API integration.

​
Getting Started

Each core banking connector requires:
  1. Completion of Grand Central connector configuration prerequisites
  2. Active account with the core banking provider
  3. Valid API credentials and authentication details
  4. Configuration in the Grand Central platform
Refer to individual connector documentation for specific setup instructions and supported operations.