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.