Download - Core Banking Solutions
CORE BANKING Solutions
Presented by RHEA THOMAS
Under the guidance of dr G V JOSHI
A process conducted at a centralized environment
Enabled the concept of ‘anytime, anywhere’
banking.
Operates 24x7, using technology aspects like
Internet, Mobile ATM.
operates on real time processing
Creation of primary data centre Networking Software Disaster recovery Centre Business process reengineering
INFOSYS TCS IFLEX INFRASOFT LASER SOFT
LASERSOFT IS THE SOFTWARE DEVELOPER FOR CORP BANK
three tier architecture
DC/ZCC
BRANCH
COREB’LR
HuB / Switch
Router
LL modem isdn
Ex
DC
DRS
Core
Core Connectivity- Complete overview
INTERNET BANKING- Availing Banking Facility through the Internet.
ATM(AUTOMATIC TELLER MACHINES)-Facilitates cash and non cash transactions.
RTGS(REAL TIME GROSS SETTLEMENT SYSTEM)- funds transfer mechanism where transfer of money takes place from one bank to another on a "real time" and on "gross" basis.
NEFT (NATIONAL ELECTRONIC FUNDS TRANSFER)-A nation wide funds transfer system to facilitate transfer of funds from bank acccounts of one customer to bank account of any other customer.
ECS (ELECTRONIC CLEARING SERVICE)-It is a mode of electronic funds transfer from one bank account to another bank account using the services of a Clearing House. This is normally for bulk transfers from one account to many accounts or vice-versa
MOBILE BANKING-Permits to operate banking services over mobile phones using sms messaging.
TO CUSTOMERS
Reduced transaction time and lower
errors.
Better funds management
Convenient access of banking
accounts.
Standardisation of process within
the bank
Better customer services
Availiability of accurate data
Better MIS
Core banking has revolutionalized the banking scenario in india and world over.