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 CORE B’LR

DC/ZCC BRANCH

DC DRS Ex

LL modem

isdn

Router HuB / Switch

Core

Core Connectivity- Complete overview

NTERNET BANKING- Availing Banking Facility through the Internet.

TM(AUTOMATIC TELLER MACHINES)Facilitates cash and non cash transactions.

I

A

R

TGS(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 messaging.

mobile

phones

using

sms

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.