Computer Science, asked by Vrusha475, 11 months ago

Write short note on Core Banking System

Answers

Answered by sarveshkumar83
3

Gartner defines a core banking system as a back-end system that processes daily banking transactions, and posts updates to accounts and other financial records. Core banking systems typically include deposit, loan and credit-processing capabilities, with interfaces to general ledger systems and reporting tools.

Answered by indrajaindu836
2

Answer:

core banking is a banking service provided by a group of networked Bank branches, their customers may assess their bank accounts and perform basic transactions from any of the member branch offices.

features:

  1. centralised database
  2. easy access to databases
  3. Asus to any branch
  4. easy transfer of fund

Explanation:

merits:

  1. translation from any place
  2. no need to visit the Bank
  3. improves efficiency
Similar questions