A modern core banking applications platform enables financial institutions to offer digital onboarding, including biometric identification for customer authentication. It can also provide real-time data and analytics, straight-through processing, and integration with other key systems. It helps meet regulatory compliance requirements, including anti-money laundering (AML) and countering the financing of terrorism (CTF). It can also help automate AML/CTF reporting and reduce operational costs. This translates into greater profitability for the bank. https://www.thewyco.com/business/exploring-the-frontiers-of-core-banking-applications-25-11-2023