Advapay

So what exactly is a core banking system? At its most basic, it’s the central software platform banks use to manage customer accounts, process transactions, handle deposits and withdrawals, and oversee everything from loan disbursements to compliance checks.

If you have spent any meaningful amount of time in lending, you have likely heard someone ask the question, “Can’t our core banking system handle loans too?” On the surface, it seems like a fair point. Loans are essentially account balances. When a customer takes out a loan, the system records the disbursed amount as […]

This article skips the usual pitches about how stressful loan management can be. You’re already living it. Instead, we’re looking into two contenders that promise to transform how you manage loans in Jamaica: Lendsqr and Soprabanking.