Posted On : 18 May 2024
In Reply To :
Doubt for crore banking system
I think, you mean to ask about CORE banking....
The term CORE stands for Centralized Online Real-time Environment, which implies that the customer can experience the bank as a single entity, regardless of their location – with the aim to provide more independence for the customers in terms of using their accounts and conducting transactions from any of their branches.
Core banking can be defined as a back-end system that processes banking transactions across the various branches of a bank.
CAclubindia
