Core Banking Solutions
Core banking solution refers to the connectivity of the various branches of a particular bank so as to enable anytime-anywhere banking for the customer. In different words it is the facility that the bank gives to its customer to operate transaction from any branch of the bank irrespective of where the customer holds an account. This facility enables a customer to make account enquiries, check debit –credit entries, encash a cheque, deposit a cheque, deposit cash, transfer funds, get drafts etc made from any of the branches in the core banking solution network.
The core banking solution translated into a world class banking experience to the customer by easy accessibility and time saving. It also enables a bank to have a better customer interaction interface which enable officers in the branch to render better quality services to their walk in customers. Core Banking Solutions also enables banks to provide other services like enhanced ATM service, bill payments and internet banking.
