Core Banking Solutions is the process, where branches of the bank are connected to a central host and the customers of connected branches can do banking at any breach with core banking facility.
Advantages for both to the customers & the banks:
Customer:
i. Transactions of business from any branch.
ii. Lower incidence of errors.
iii. Better funds management due to immediate availability of funds.
Banks:
i. Better customer service.
ii. Availability of accurate data.
iii. Increased business volume with better asset liability management and risk management.
Advantages for both to the customers & the banks:
Customer:
i. Transactions of business from any branch.
ii. Lower incidence of errors.
iii. Better funds management due to immediate availability of funds.
Banks:
i. Better customer service.
ii. Availability of accurate data.
iii. Increased business volume with better asset liability management and risk management.
No comments:
Post a Comment