APIX > Products > Open Core

Open Core

Open Core is a modern, open sourced, cloud-native core banking system that enables institutions of various sizes to manage customer deposits, funds, loans, and payments. It includes key retail banking functionalities out of the box like lending, deposits and transaction engine, general ledger management, 360 degree client and customer management and auditing and reporting engine tailored to meet regulatory requirements.


Collaborate with our Community


Financial Institutions






Problem Statements

What Open Core Has to Offer

Core Banking Systems (CBS) are the crucial back-end systems that processes banking transactions across multiple branches and posts updates to accounts and other financial records. It is critical for banks to ensure that these systems do not suffer prolonged outages which can result in regulatory scrutiny, customer complaints and loss of revenue. To minimise any such disruptions, banks are generally reluctant to allow new software to be integrated with their CBS until it is ready for production. Lack of open architecture in legacy CBS makes it increasingly difficult to partner with third party FinTechs, API interface with other systems, and develop and test new products. Banks are also hesitant in moving to modern CBS due to the significant time commitment, complexities in migration and costs involved.

Open Core is built to offer a scalable, secure, open API-ready and economical option to FIs for developing and testing new products or considering moving altogether to a cloud-native modern CBS.

Download Brochure

Stay Connected

Follow Us On
Thanks for subscribing to APIX