GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The software that is used for a centralised environment in banking operations is called -
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core banking situations
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central branch solutions
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centralized business solutions
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centralized banking solutions
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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: -Best Banking Software include: SAP for Banking, CGI Open Finance, Oracle FLEXCUBE, Temenos Transact-Core Banking, TCS BaNCS, Validis, Symphony™, Mambu, Avaloq Banking Suite, and Q2ebanking.
Detailed explanation-3: -Cent Mobile is Mobile Banking application offered by Central Bank of India.
There is 1 question to complete.