Tag Archives: core banking services

India’s own Banking Community Cloud

Indian Banks are experiencing a colossal change in their banking processes due to rapid evolution of technology in their vertical. Banks of all sizes in India have understood the importance of cloud based banking services and how these services can aid their issues. Earlier banks had to contact an IT personnel to provide additional applications… 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 the networking of bank branches, which allows customers to manage their accounts, and use various banking facilities from… Read More »

 

What Is Service-Oriented Architecture (SOA)?

Service-Oriented Architecture (SOA) – is a term that explains two very different things. The first two words explains a methodology for software development. The third word is a picture of all the software assets of a company, like an architectural plan is a representation of all parts that together form a building. Therefore, service-oriented architecture… Read More »