Banking Core Systems Map: A Reference Report

Banks deploying new core systems must optimize the capabilities of the package and the way it is embedded into the bank’s technology ecosystem.  

April 20, 2022 –Banking systems are undergoing dramatic changes in the 2020s to respond to expectations around digitization, support for cryptocurrency, changing regulations, competition from nontraditional players, and best practices in partner ecosystem connectivity. A structured approach, leveraging a core system map framework like those of other financial service segments (e.g., insurance, wealth management), will provide the logical foundation for a reference architecture.

This report presents a common frame of reference for bank IT executives to discuss their application portfolios and how they embed them into a reference architecture, by illustrating a core systems map with a high-level look at the major functionalities of each element. The research methods Aite-Novarica Group used to develop the banking core systems map include best practices learned in discussions with banking and insurance IT executives as well as methodologies deployed successfully in large and small financial services firms.

This 67-page Impact Report contains 24 figures and 22 tables. Clients of Aite-Novarica Group’s Community Banking service can download this report and the corresponding charts.

This report mentions Apple,, Bitcoin Depot, Bitnovo, BitVending, Clover, Cryptospace, Diebold Nixdorf, Dwolla, Google, Lightspeed, LS Retail, Mad Mobile, Mastercard, MishiPay, MuleSoft, Nium, Oliver, OpenPayd, Oracle, Popmoney, Revel, Scandit, Shopify, SmartPay, Square, Stripe, Trovata, Venmo, Visa, and Zelle.

Related Content

CIO Checklist: Architecture Considerations for Next-Generation Bank Core Platforms

Financial services firms must implement new core systems in a way that meets or exceeds the expectations of regulators.

CISO Guidance for Zero-Trust Architecture: A NIST-Based Approach

Suddenly, every product is the silver bullet to deploying a zero-trust model.

CIO Checklist: Enterprise Architecture for FDIC-Supervised Firms

Heads of architecture or the CIOs and CTOs that own technical functions need to align architecture practice and governance to expected standards.

Get Summary Report

"*" indicates required fields

This field is for validation purposes and should be left unchanged.