Core Banking Solution (CBS) is networking of bank branches, which allows customers to manage  their accounts, and use various banking facilities from  any part of the world.

In simple term, there is no need to visit your own branch to do banking transactions. You can do it from any location ,any time. You can enjoy banking services from any branch of the bank which is on CBS network regardless of branch you have opened your account.

For the bank which implements CBS , the customer becomes the bank’s customer instead of customer of particular branch.

Execution of Core banking system across all branches  helps to speed up most of the common transactions of bank and customer. In Core banking , the all branches access banking applications from centralized server which is hosted in secured datacenter.

Banking software/application performs basic operations like maintaining transactions, balance of withdrawal & payment, interest  calculations on deposits & loans etc. This banking applications are deployed on centralized server & can be accessed using internet from any location.

Why we need Core Banking Technology ?

Nowadays, the use of Information Technology (IT) is must for the survival & growth of any organization and same applicable to banking industry also. By using IT in any industry, banks can minimize the operation cost; also banks can offer products & services to customers at competitive rates.

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