What a âBismarck donutâ is depends on where you liveâ¦ I know that the definition is different in other places. In the midwest of the US, this is a Bismarck donut: Itâsâ¦ basically just a jelly doughnut. Round, filled with fruit jam, fried, topped with sugar or drizzled with icing sometimes. Also, this is a Bismarck pancake:
A banking system is a group or network of institutions that provide financial services for us. These institutions are responsible for operating a payment system, providing loans, taking deposits, and helping with investments.
A core banking system is the software used to support a bankâs most common transactions. Elements of core banking include: 1  Making and servicing loans. 2  Opening new accounts. 3  Processing cash deposits and withdrawals. 4  Processing payments and cheques. 5  Calculating interest.  Customer relationship management (CRM) activities.