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Core Banking

Seeking cost-effective ways to operate your financial institution more efficiently or start your banking business from scratch with a customizable progressive system? With us, your desirable fully-branded banking solution will be launched in less than a week.

Core Banking
Core Banking
Core Banking

Fast and agile Core banking solution for your future bank

In the ever-changing banking ecosystem, delivering a unique banking experience that offers customers great convenience and also guarantees safety is an absolute necessity. Crassula's bouquet of services aligned to core banking is developed to do just that.

  • Access banking through multiple channels

    Manage all aspects of interaction with your customers across all the integrated channels in a matter of seconds, not hours.

  • Offer a wide array of products and services

    Quickly adapt to new market patterns and deliver top-notch financial services that the customers will choose once and for life.

  • Open new revenue opportunities

    Cut down on the infrastructural and operational costs and wisely invest the money into your business.

Let's discuss your project and see how we can launch your digital banking product together

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Wide banking functionality

We've built a modern cloud-based core banking technology encompassing extended functional coverage that helps banks scale new heights, augment efficiency, deliver flexible customer experience, and gain customer loyalty.

Multi-currency accounts

Multi-currency accounts are becoming more popular among start-up owners and merchants. It's much faster and less cumbersome than setting up an international bank account that requires a pile of different to be prepared and approved.

Many businesses opt to use multi-currency accounts because they can offer numerous services and accept major global currencies in a single account.

Virtual IBAN integration

Virtual IBANs are praised by our customers as it unlocks cross-border payments. Anyone can use it to send and receive payments from customers and clients in multiple jurisdictions.

There's no need for a physical presence all around the globe. You can efficiently grow your business and offer a local banking experience remotely, regardless of where you are based in the world.

International transfers

Sending money abroad is easy, transparent, and reliable — no hidden fees, no hassle, and no long processing time. With Crassula, your customers will be able to facilitate international payments.

They will choose from a vast selection of currencies and make international transfers at the real market exchange rate in just a few clicks at the comfort of your app.

Instant SEPA & SEPA credit transfers

The international payments process is simplified thanks to SEPA. The SEPA Credit Transfer is a euro transaction where both the sender and receiver are registered with banks located in the SEPA area.

Instant SEPA is a payment scheme in euro following the same principle that is executed in a matter of seconds.

Currency exchange

The currency exchange functionality provides an automated currency conversion service via API. You can add one more mean of payment for your customers and diversify your portfolio.

Your customers can make currency exchange transactions and easily switch currencies in your branded web banking or mobile banking apps. Crassula's currency exchange providers and integrations will ensure the best rates and liquidity.

Card issuing

Payment cards are a keystone to a successful customer's financial experience, which is why more and more businesses, financial institutions, and fintechs are considering issuing their own.

Crassula can provide your clients with the opportunity to spend their money and make purchases with fully branded physical or virtual payment cards.

Redefine the beauty of core banking

Complete product

Get a ready-to-launch solution with beautiful web UI, iOS, Android mobile apps, administrative panels, APIs, and much more.


Launch your core banking within 5 business days! Adding new functionalities to a new acquiring bank will take a few more weeks.


Enable secure and compliant operations such as AML, KYC, and digital to meet all requirements set by regulators.


Customize your solution to support your USPs and specific business needs in a function-rich yet simple way with agile banking products.

Cloud Solution

Focus on your business while we take care of technology – a simple, flexible, and lightweight solution running in a cloud.


Open your own bank on a limited budget. We offer a while-labeled product for the price of hiring a software developer.

Core Banking platform powered with unique technology for businesses of all types

  • Banks

    Modernize the existing core banking legacy infrastructure and implement the latest technological products.

  • FinTech Startups

    Empower your financial technology start-up with ready-to-launch Core Banking Software instead of building fintech tools from the ground up.

  • FinTech Companies

    Open a new revenue stream for your FinTech business by adopting digital wallet products that can address the needs of your customers.

  • Holding Structures

    Build a cash flow management system for your business or group, launching your private Banking solution.

  • Resellers

    Embrace the industry transformation and strengthen your positions within the value chain by expanding the FinTech product line.


Core banking is a banking back-end solution that employs an extensive IT infrastructure to connect multiple branches of the same bank together and handle operations like loan management, withdrawals, credit processing, deposits and payments, CRM activities through a single integrated platform.

Core banking can boast a multitude of services, including transaction accounts, interest-bearing accounts, loans, mortgages, and payments, operating across a diverse range of channels like internet banking, ATMs, mobile banking, and other digital platforms.

IT core banking systems can be classified into 3 main model types based on the hosting they use:

  • On-premise: In this model type, the core banking system is installed and hosted within the company's own infrastructure, such as data center or servers, providing complete control and customization.
  • Cloud-native SaaS: It is when the core banking system is launched and accessed entirely through the private or public cloud.
  • SaaS product: In this model type, no prior knowledge in tech is required, as the core banking system is fully managed by a third-party vendor, with the company only needing to pay for the usage and maintenance of the core banking software.

The main components of Core Banking System (CBS) include:

  • Database Management System (DBMS)
  • Middleware Software
  • User Interface (UI)
  • Application Programming Interface (API)
  • Security Architecture
  • Reporting and Analytics
  • Audit and Compliance

Digital Banking is the automation of traditional banking branch network services with the help of digital technology. Digital Banking services include online banking, mobile banking, and other digital channels that allow a bank’s customer to access their accounts and perform transactions remotely.

By sharp contrast, Core Banking is the backbone of banking technology designed to help banks manage their daily operations such as account management, deposits, loans management, payment processing, customer relationship management, and accounting.

In a nutshell, the core banking software is used by banks to run daily banking operations, while the BaaS software platform is used by non-banking companies without the required infrastructure to offer banking services to their customers.

BaaS software platforms can integrate with core-banking software in a number of ways. One common approach is through the use of APIs, providing the BaaS platform with access data and functionality from the CBS. By coupling efforts with CBS functionality, BaaS software platform providers deliver highly-customizable solutions.

The cost of Core Banking software solutions depends on the company’s size, model type, hosting, customization, and features required. Typically, the cost involves a set-up fee, which covers product rollover and implementation works, and can range from around €500,000 upwards. In addition to that, there is an annual maintenance fee of approximately €300,000 and more, depending on the scope of the project and the complexity of the system.

The agility of architecture is what makes Core Banking software the best. The software should be flexible enough to respond to the changing needs of the financial institution and integrate seamlessly with other systems and applications.

On the horizon, core banking awaits a significant transformation as companies are likely to refuse from demanding on-premise and cloud-based systems and switch to Software-as-a-Service (SaaS) models instead.

This shift is expected to offer the potential to improve financial institutions, namely their efficiency, flexibility, and agility.

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