- Core Banking
Benefits & Features Of Core Banking
As per pure definition Core banking refers to a centralized system which allows its customers to conduct their business irrespective of the bank’s branch. Thus, it removes the impediments of geo-specific transactions. In fact, CORE is an acronym for "Centralized Online Real-time Exchange".
Core Banking Solution (CBS) is networking of bank branches, which allows customers to manage their accounts, and use various banking facilities from any part of the world. Execution of Core banking system across all branches helps to speed up most of the common transactions of bank and customer.
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