Core Banking System definition

Core Banking System means a core banking system (centralized online real-time exchange) is the software used to support a bank’s most basic transactions, like depositing and lending of money.
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Examples of Core Banking System in a sentence

  • Furthermore, the Bank shall also ensure that the details of breaking open of locker is documented in the Bank’s Core Banking System (CBS) or any other computerized system compliant with the Cyber Security Framework issued by RBI from time to time, apart from Locker register.

  • In order to facilitate customers making informed choices, banks shall maintain a branch wise list of vacant lockers as well as a wait-list in Core Banking System (CBS) or any other computerized system compliant with Cyber Security Framework issued by RBI, for the purpose of allotment of lockers and ensure transparency in allotment of lockers.

  • TRAXION is the technology distributor of RBPay Mobile and Web Applications, RBPay Core Banking System and Cash Teller Machines, collectively known as RBPay Suite, a complete digital solution providing digital banking experience for banks and their customers.

  • In order to facilitate customers making informed choices, Branch shall maintain a branch wise list of vacant lockers as well as a wait-list in Core Banking System (CBS) or any other computerized system compliant with Cyber Security Framework issued by RBI, for the purpose of allotment of lockers and ensure transparency in allotment of lockers.