Category Archives: Core Banking

Core Banking and choosing the right solution

Imagine what banks looked like before 1970. Long queues and particularly long waiting period for just about any transaction was normal. People were customers of a branch and not really a parent bank. All transactions could be performed at your particular branch only. Any entry only reflected after more than 24 hours as information went… Read More »

 

Core Banking has changed the way you Bank!

Core banking is the centralization of banking transactions carried out by the individuals and banks as a whole. The entire bank and its functions are managed under a single environment. The India Post has a bigger core banking system than that of SBI, said Union IT and communications minister Ravi Shankar Prasad. The India Post… Read More »

 

What exactly is Core Banking?

From the last 3-4 years we are reading news like ‘XYZ bank deploys Core Banking Solutions ’,’Bank ABC is implementing Core Banking System ’ etc.  But what exactly core banking is? Core Banking Solution (CBS) is networking of bank branches, which allows customers to manage  their accounts, and use various banking facilities from  any part… Read More »