![]() ![]() Since CBS refers to bank branches that can access software from centralised data centres. As a result, it eliminates the barriers to geo-specific transactions. ![]() In other words, access is not restricted to any specific branch but rather the entire bank.Īccording to a strict definition, core banking is a centralised system set up by a bank that enables its clients to transact business with the bank regardless of the branch locations. The customer's account is accessible from any branch it does not need the branch where they are currently having their bank account. The customer is not required to just conduct business with branches. An advanced IT infrastructure links together every branch of the individual banks. ![]() It is a Centralised Online Real-time Exchange. Next → ← prev What is the full form of CBSĬBS stands for CORE Banking Solutions. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
December 2022
Categories |