BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
CBS stands for
A
Core Banking solution
B
Centralized based system
C
Computer based system
D
None of these
Explanation: 

Detailed explanation-1: -Core Banking Solution (CBS) is the networking of bank branches, which allows customers to manage their accounts, and use various banking facilities from any part of the world. In simple terms, there is no need to visit your own branch to do banking transactions. You can do it from any location, any time.

Detailed explanation-2: -abbreviation. Columbia Broadcasting System (a television network)

Detailed explanation-3: -The term CORE stands for Centralized Online Real-time Environment, which implies that the customer can experience the bank as a single entity, regardless of their location.

There is 1 question to complete.