|
 |
Core Banking is the Centralised Banking
Operations where the customer becomes not
just the customer of the branch but the
Bank. In layman terms, Bank has One database
connected to all branches, client services
across all the branches, centralized
processing and reporting.
A cost effective Core Banking Solution will
have a significant impact on a Banks’s IT
and operations cost structures, particularly
for small and medium banks. A user friendly
Core Banking Solution will have a
significant impact on a Bank’s profitability
by reducing the
implementation/transformation time, training
costs, etc. |
