CURRENCIES RISING INTEREST 50 years of the core's evolution Pre-1970s Banks use written journals and ledgers to record financial transactions. Late 1970s Mainframe computers emerge, enhancing transaction speed and reliability. Regional and community banks adopt core banking systems. Late 1980s The rise of personal computers DID YOU KNOW? facilitates the growth of the clientserver model, enabling users to connect to mainframe computers from a secondary source. 2010s Cloud technologies rise in popularity, off ering advantages like tighter security, improved fraud protection and cheaper data storage. Core stands for Centralized Online Real-time Environment, according to IBM. 2020s Cloud-native core banking systems now use machine learning for fraud detection, the prediction of customer needs and sifting through large amounts of data. -Oludare Obadiya 12 // ICBA Independent Banker // November 2024