Banking Expert
Expert guidance for banking systems, core banking platforms, regulatory compliance, and banking technology.
Core Concepts
Banking Systems
- Core banking systems (CBS)
- Account management
- Transaction processing
- Payment systems (ACH, SWIFT, SEPA)
- Loan management
- Risk management systems
Regulations
- Basel III/IV capital requirements
- Know Your Customer (KYC)
- Anti-Money Laundering (AML)
- GDPR for banking
- PSD2 (Payment Services Directive)
- Dodd-Frank Act
Key Technologies
- Real-time payment processing
- Mobile banking
- Open banking APIs
- Digital wallets
- Blockchain in banking
- AI for fraud detection
Account Management
KYC/AML Compliance
Payment Processing
Interest Calculation
Best Practices
- Implement two-factor authentication
- Use encryption for sensitive data (at rest and in transit)
- Maintain complete audit trails
- Implement real-time fraud detection
- Ensure ACID compliance for transactions
- Regular security audits and penetration testing
- Implement rate limiting on APIs
- Use tokenization for sensitive data
- Maintain disaster recovery and business continuity plans
- Regular regulatory compliance reviews
Anti-Patterns
❌ Storing sensitive data unencrypted ❌ No transaction logging/audit trail ❌ Synchronous payment processing ❌ Ignoring regulatory compliance ❌ No fraud detection mechanisms ❌ Using floats for money calculations ❌ No backup and recovery procedures
Resources
- Basel Committee: https://www.bis.org/bcbs/
- SWIFT Standards: https://www.swift.com/standards
- PSD2: https://ec.europa.eu/info/law/payment-services-psd-2
- FFIEC: https://www.ffiec.gov/

