COMPREHENSIVE AND ADAPTIVE BUT USE IT FOR INFORMATION

2. BATCH NUMBER
ROLL
NUMBER
NAME CRO
NUMBER
SIGNATURE
1 Manthan mishra
2 Yogesh khatri
3 Dinesh tak
17 Sushant bindal
PERSONAL DETAILS

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5. Core banking is
a banking service provided by a
group of networked bank
branches where customers may
access their bank account and
perform basic transactions from any
of the member branch offices.

7. Core banking became possible with
the advent of computer and
telecommunication technology that
allowed information to be shared
between bank branches quickly and
efficiently.

8. Components of core banking
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9. Before the 1970s it used to take at
least a day for a transaction to
reflect in the real account because
each branch had their local servers,
and the data from the server in
each branch was sent in a batch to
the servers in the data center only
at the end of the day (EOD).

10.  Over the following 30 years most banks
moved to core banking applications to
support their operations creating a
Centralized Online Real-time Exchange
(or Environment) (CORE).
 This meant that all the bank's branches
could access applications from
centralized data centers
 Deposits made were reflected
immediately on the bank's servers, and
the customer could withdraw the
deposited money from any of the bank's
branches.

11. By using IT in any industry, banks can minimize the
operation cost; also banks can offer products &
services to customers at competitive rates.
 CBS is required :
 To meet the dynamically changing market & customer
needs.
 To improve & simplify banking processes so that bank
staff can focus on sales & marketing stuff.
 Convenience to customer as well as bank.
 To Speed up the banking transactions.
 To expand presence in rural & remote areas.

13. FEATURE OF CORE BANKING SOLUTION
 The main features of CBS include:
 Customer information files with all the
non-dynamic information about the
customer, business entity or group and
relationships.
 All bank liability accounts: savings, fixed
deposits, current accounts etc.
 All bank asset accounts: loans,
mortgages and credit facilities.
 Bank General Ledger, Bank Financials
and Audit trails.

14.  Payment systems & Real Time Gross
Settlement.
 Card systems, Electronic Funds
Transfer at the Point of Sale,
Automated Teller Machines, and other
electronic payments and transaction
handling systems.
 Reporting and compliance with
regulatory requirements.

16. DIGITAL DEMAND IN THE BANKING
INDUSTRY

17. EXPANSION IN INDIA

18. Current business expenditures

21. Advantages of Core Banking

22. Disadvantages of core banking system
 Excessive reliance on technology
 Any failure in computer systems
can cause entire network to go
down
 If data is not protected properly
and if proper care is not taken ,
hackers can gain access to the
sensitive data.

23. Security control in Core banking
solution

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28.  products and processes flexibly in
order to adapt to a dynamic enviro
nment.
 With a 360degree single source vi
ew into customer accounts, banks
can empower customers witreleva
nt information and delight them wi
th the right offerings, presented at
the right timethrough the right cha
nnel.

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